You have just received notification that you have won the $3.0 million first prize in the Centennial Lottery, However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 77 years from now. What is the present value of your windfall if the appropriate discount rate is 7 percent? $16,717.47 $16.389.68 $15,078.50 $55,119.90 $16.061.88 Your coin collection contains 60 1940 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2031, assuming they appreciate at a 10 percent annual rate? $38,769.03 $340,139.71 $357,672.68 $350,659.49 $333126.52 You are scheduled to receive $40,000 in two years. When you receive it, you will invest it for 5 more years at 8.5 percent per year. How much will you have in 7 years? $57,138.95 $70,805.69 $46,580.36 $63.153.58 $60,146.27 You expect to receive $12,000 at graduation in two years. You plan on investing it at 8 percent until you have $97.000. How long will you wait from now? (Do not round your intermediate calculations.) 29.15 years 32.07 years 2715 years 25.15 years 32.65 years