USE THE PV and FV Tables (located in Canvas "Module 8", note: when using the tables in Canvas you can compute any factor by typing in the blue highlighted portion of the table) or Ball Plus Financial Calculator to answer questions 25 - 30. Use the following to answer questions 25 - 27 (round to nearest whole dollar) Each of the following people below has invested the following amounts today and will keep the money invested for the next ten years. Determine the amount the investment will accumulate over the ten (10) year period. Investment Interest amount Compounding rate today $10,000 6.0% Quarterly 10,050 6.0% Semiannually 9,950 6.0% Monthly 10,100 6.0% Annually 25.$__ _Determine the accumulated investment amount for A's investment for the 10 year period (round to nearest dollar)? _Determine the accumulated investment amount for B for the 10 year period (round to nearest 26. $ dollar)? 27. $ of the four investments, the future value of the HIGHEST investment accumulation in 10 years (round to the nearest dollar) is: Use the following to answer questions 28 - 29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract How contract is paid amount Actor 1 $1,000,000 Lump sum in 4 years Actor 2 1,050,000 Lump sum in 5 years Actor 3 350,000 Every year for 3 years Actor 4 262,500 Every year for 4 years Assume an annual discount rate of 5% (compounded annually). 28. $ What is the value of the lowest value contract today (round to nearest dollar)? 29. $ _ _ What is the value of the highest paid contract today (round to nearest dollar)? 30. $ You would like to start saving for retirement. Assuming you are now 22 years old and you want to retire at age 60, you have 38 years to watch your investment grow. You decide to invest in the stock market, which you expect it to earn about 6% per year into the future. You decide to invest $600 at the end of each month for the next 38 years (456 months). Calculate your accumulated investment at the end of 38 years. (Round to nearest whole dollar) if you do not have a financial calculator use the dynamic factor tables in Canvas (module 8--Foctor Table, type in the interest rate and compounding periods in the blue highlighted portion of the factor table, it'l calculate the factor you need)