You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 78 years from now. 10 What is the present value of your windfall if the appropriate discount rate is 10 percent? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) points Present value eBook Print References Problem Set - Chapter 5 O Suppose you are committed to owning a $199,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 12 percent and you want to buy the car in 9 years on the day you turn 30, how much must you invest today? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) 10 points Investment eBook Print References 00 6. Assume that in January 2017, the average house price in a particular area was $327,800. In January 2001, the average price was $210,300. What was the annual increase in selling price? (Do not round Intermedlate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 10 points Annual increase in selling price eBook Hint