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. Daniel just hit the jackpot in Las Vegas and won $60,000! If he invests it now, at a 12% interest rate, how much will it be worth in 15 years? (Round your answer to the nearest whole dollar.) Future value = More info - 1. Daniel just hit the jackpot in Las Vegas and won $60,000! If he invests it now, at a 12% interest rate, how much will it be worth in 15 years? 2. Donald would like to have $2,000,000 saved by the time he retires in 40 years. How much does he need to invest now at a 10% interest rate to fund his retirement goal? 3. Assume that Vivian accumulates savings of $1 million by the time she retires. If she invests this savings at 12%, how much money will she be able to withdraw at the end of each year for twenty years? 4. Edith plans to invest $3,500 at the end of each year for the next eight years. Assuming a 10% interest rate, what will her investment be worth eight years from now? 5. Assuming a 12% interest rate, how much would Terri have to invest now to be able to withdraw $8,000 at the end of every year for the next ten years? 6. Earl is considering a capital investment that costs $505,000 and will provide the following net cash inflows: Year Net Cash Inflow Year 1 ... $300,000 Year 2 ... $196,000 Year 3 $98,000 Using a hurdle rate of 10%, find the NPV of the investment. 7. What is the IRR of the capital investment described in Question 6? Print Done