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You just won the $85 million lottery You will recelve $26 million a year for the next 30 years plus an additional payment of $7

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You just won the $85 million lottery You will recelve $26 million a year for the next 30 years plus an additional payment of $7 million at the end of 30 years. The interest rate is 6 percent. How much is your lottery prize worth today? (Enter your answer as a positive number rounded to 2 decimal places.) You have just been notified that you will recelve $7.500 a year for the next 18 years from an inherited trust. If the interest rate is 11 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer as a positive number rounded to 2 decimal places.) You have decided to start saving money for your future. What is the future value of a 13 year annuity of $3,000 per year, assuming that you make your first payment today and the interest rate is 11 percent? (Enter your answer as a positive number rounded to 2 decimal ploces.) You need to have $25.856 available at the end of 9 years. How much to do you have invest each year, starting at the end of this year for 9 years to achieve this goal if the interest rate is 8% ? (Enter your answer as a positive number rounded to 2 decimal places.)

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