You have saved $10,000 in a saving account and want to buy a new car that will cost $30,000, 4 years from now. If the stated interest rate on your savings account is 3%. How much must you save at the end of each year in order to reach your goal? $

2 You won a lottery that will pay you $50,000 each year for 40 years, with the first payment to start today. The lottery corporation gives you the option of taking the present value of the annual payments as one lump sum amount today instead of receiving the payments over 40 years. If the current interest rate on 40 year annuities is 4.1%, how much should the lottery corporation pay you if you decide to take the one lump sum amount today option? $ Answer

3 Your phone company charges 2.1% on any overdue monthly balance. What effective annual rate (EAR) are you paying on any unpaid balance

De 23 You have saved $10,000 in a saving account and want to buy a new car that will cost $30.000, 4 years to now then you can is 3% How much must you cave at the end of each year in order to reach your goops 400 Question 24 Not yet wered You won a lottery that will pay you $50,000 each year for 40 years, with the frstrament to start today. The lottery corporation gives you the option of taking the present value of the annual payments as one lump sum amount today instead of receiving the payments over 40 years in the current interest rate on 40 ye annuities is 4 1%, how much should the lottery corporation pay you if you decide to take the one lump sum wount today options Maced out of 4.00 Pls Question Question 25 Not yet answered Your phone company charges 21% on any overdue monthly balance What efective annual rate (EAR) are you paying on any road balance? 56 Marked out of 4.00 Flag Question 414 PM 21/2021 o o Bie E