Wingate Company borrowed $90.000 on January 2, 2017. This amount plus accrued interest of 6% compounded annually will be repaid at the end of 3 years. What amount will Wingate repay at the end of the third vear? (Show vour ealeulation) Pleasant Company has decided to begin accumulating a fund for plant expansion. The company deposited $80,000 in a fund on January 2,2013 . Pleasant will also deposit $40,000 annually at the end of each year, starting in 2013. The fund pays interest at 4% compounded annually. What is the balance of the fund at the end of 2017 (after the 2017 deposit)? (Show the calculation). Robin Clark has a cell phone that she uses only for emergencies. The cost of the phone is $40 a month. The cellular company is offering unlimited nights and weekends for an additional $10 a month ( $120 a year). Robin thinks it would be "cool" to have this benefit and after all $10 a month is not so much. Show Robin how much she will have in 20 years if she invests this $120 a year at 9% instead of accepting the unlimited nights and weekends offer. (Show the calculation). Flower Company is considering an investment which will return a lump sum of $2,500,000 six years from now. What amount should Flower Company pay for this investment to earn an 11% return? (Show the Amy Brown plans to buy a surround sound stereo system for $1,100 after 3 years. If the interest rate is 6%, how much money should Amy set aside today for the purchase? (Show the calculation). Frostmore Company is considering investing in an annuity contract that will return $50,000 annually at the end of each year for 20 years. What amount should Frostmore pay for this investment if it earns an 8% return? (Show the calculation). Lucky Lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 vears. If the annual interest rate is 8%, what is the present value of the winnings? (Show the calculation)