These are a bunch of questions please answer them all with explanation and calculations please and do read the questions carefully.

PIN 201 Due Tuesday 10/9 your workt DOnot just give me answers Gnpuss, timeline,enc) 1. You are looking to buy a car to pay back over the next 4 years, charge you is 4%. The kanthat they give you is $15,000. payment that you will make? How much in total interest will you end up payments are made at the end of each year to buy a car. Your parnts say they will give you a loan that you will need a payment every year. The inserest that they What is the amount of each paying Assume If you purchase a piece of art for $25,000 and it i year, what will the art be worth in 25 yearn? expected to appreciate in price by8% a ou have decided to begin saving for retirement. You are currently 20 years old and yoru would ike t low much will you need to put away each year to reach your goal assuming that you wil malke equal payments starting 1 year from now and ending when you retire and chat you to retire when you are 65. Your goal is to have $3 million when you retire. will earn 12% on your each year and still have your money grow to $3 million Note this is an ordinary annuity How long will it take you to double your money year? 4- you invest todayand earn 12% per 5. Your grandmother bought you 50 shares of Disney ten years ago that cost her $1000 Today the shares are worth $1800. What is the annualized rate of retun on the shares of Disney? Note: This is an investment problem where your investment in Disney has grown over the time period at some rate (annualized) 6. Constnuct an amotizasion tble for a Jyear $5,00 ban thar males paymenms same amount) once a year at the end of the year. The interest on the loan is 10%. What is the total interest that has been paid over the life of the loan? BONUS You have won the lottery. $250 million was the grand prize which will be paid in equal installments over the next 25 years (so 25 payments of $10 million per year, starting today). You also have the option to take a lump sum immediately which will be calculated based on the above payout using a discount rate of 6%. Assume that you have to pay a 50% tax on your prize, what is your resulting payout (after tax)? Hint: Calculate the PV of the annuity due then multiply by 0.50 (that will give you the after-tax lump sum)