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Solve various time value of money scenarios. ( i ) ( Click the icon to view the scenarios. ) ( Click the icon to view

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Solve various time value of money scenarios.
(i)
(Click the icon to view the scenarios.)
(Click the icon to view the present 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 $1 table.)
(Click the icon to view the future value of annuity of $1 table.)
Scenario 1. Eddie just hit the jackpot in Las Vegas and won $45,000! If he invests it now, at a 10% interest rate, how much will it be worth in 15 years? (Round your answer to the nearest whole dollar.)
Future value =
Scenario 2. Inman 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? (Round your answer to the nearest whole dollar.)
Present value =
Scenario 3. Assume that Tina accumulates savings of $1 million by the time she retires. If she invests this savings at 8%, how much money will she be able to withdraw at the end of each year for 20 years? (Round your answer to the nearest whole dollar and enter as a positive amount.)
Amount able to withdraw =
Scenario 4. Edith plans to invest $5,000 at the end of each year for the next seven years. Assuming a 14% interest rate, what will her investment be worth seven years from now? (Round your answer to the nearest whole dollar.)
Future value =
Scenario 5. Assuming a 12% interest rate, how much would Katie have to invest now to be able to withdraw $8,000 at the end of every year for the next nine years? (Round your answer to the nearest whole dollar.)
Present value =
Scenario 6. Darren is considering a capital investment that costs $535,000 and will provide net cash inflows for three years. Using a hurdle rate of 8%, find the NPV of the investment. (Round your answer to the nearest whole dollar. Use parentheses or a minus sign to represent a negative NPV.)
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