You have decided to build a pool in your backyard that will cost a total of $45,000. Your banker has offered you a 10-year home equity loan that will cover the cost of the pool. The loan will carry an annual rate of 5.50%. Coincidentally, you have $50,000 in savings account that currently pays 2.28%, compounded monthly. Should you take the home equity loan or use your savings to pay for the pool? Support your answer. Wow! You just discovered that you are holding the winning Powerball ticket. The jackpot is $240 million dollars. You elected the annuity option which means that you will receive 9.6 million dollars each year for 25 years, starting today. An investment syndicate has offered to buy your ticket for $145 million dollars cash. If you could earn 6.00 percent on any invested funds, should you sell your ticket or keep it? Support your