30. Solve This questions.

30. How much would you pay for a joint venture that is expected to yield $20,000 per year for 5 years, and then $50,000 per year for the next 10 years, but will require an expenditure of $100,000 to terminate the venture at the end of its productive life? Assume that you require a 20 percent return on the investment because of its high risk. [$137,565] 31. Alphonzo Provenzono has been married 20 years. He is planning a surprise for his 50th wedding anniversary to take himself and his wife back to the old country. He plans to save $1,000 per year that will earn 9 percent. He expects to withdraw $15,000 per year in the old country. How many years will Alphonzo and his wife be able to stay? [20 Years] 32. Mr. Lewis, age 29, wants to begin planning for his retirement at age 65. Upon retiring, he wants to be able to withdraw $15,000 per year on each birthday for 10 years. The first withdrawal will be on his 66th birthday. He will receive a large inheritance on his 30th birthday in two weeks, and he wants to know how much he needs to invest on that day to be able to attain his retirement income. He will invest the money in an account paying 10 percent annual interest for the life of the investment. How much does he need to deposit on his 30m birthday? [$3,230] 33. Jason and Bryan McNutt are presently 3 and 5 years old, respectively. Their parents plan to send them to college when each turns 18 at a cost of $10,000 per year for each, with the payments to be made at the beginning of each year. How much must the parents contribute annually to a college fund to ensure the boys' college education if the interest rate is 12 percent compounded annually? The deposits start in one year and end when the older brother starts college. [$2,181.24] 34. If you have $5,436 in an account that has been paying an annual rate of 10%, compounded continuously, since you deposited some funds 10 years ago, how much was the original deposit? [$1,999.79]