Solve various time value of money scenarios. (Click the icon to view the scenarios.) (Click the icon to view the present value of $1 table.) (Click the icon to view the future value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) (Click the icon to view the future value of annuity of $1 table.) Scenario 1. Irving just hit the jackpot in Las Vegas and won $45,000! If he invests it now, at a 12% interest rate, how much will it be worth in 20 years? (Round your answer to the nearest whole dollar.) Future value = More info 1. Irving just hit the jackpot in Las Vegas and won $45,000! If he invests it now, at a 12% interest rate, how much will it be worth in 20 years? 2. Hunt would like to have $3,500,000 saved by the time he retires in 40 years. How much does he need to invest now at a 12% interest rate to fund his retirement goal? 3. Assume that Tina accumulates savings of $1 million by the time she retires. If she invests this savings at 10%, how much money will she be able to withdraw at the end of each year for fifteen years? 4. Katelyn plans to invest $5,000 at the end of each year for the next eight years. Assuming a 12% interest rate, what will her investment be worth eight years from now? 5. Assuming a 10% interest rate, how much would Terri have to invest now to be able to withdraw $9,000 at the end of every year for the next ten years? 6. Michael is considering a capital investment that costs $520,000 and will provide the following net cash inflows: Year Net Cash Inflow Year 1 $296,000 Year 2 Year 3 $196,000 $102,000 Using a hurdle rate of 8%, find the NPV of the investment. 7. What is the IRR of the capital investment described in Question 6?