A EA. *** 99% #ut ffice Update To keep up-to-date with security updates, fixes, an... Check for Updates e February 11th, 2020 by 6:40P ections: Answer the following questions 1. You walk into Chipotle for dinner after Finance Management class, wondering how interest rates got to be 15%, and you find that you are the one millionth customer! A Chipotle employee runs up to you and tells you your prize choices. Which should you choose? (1 0) Hint: To answer the question, determine the value for each of the possible answers a. $100,000 nowe b. $170,000 at the end of five yearse c. $12,0po a year forever, starting next year d. $20,000 per year for the next 10 years, starting next years e. $6,500 next year and increasing 5% a year thereafter and forever 2. Suppose that Kylie Jenner want to ensure that she had enough money available to pay for Stormt's college education at the time of her birth. Currently, college tuition, books, fees, and other costs average $12,500 per year. On average, tuition and other costs have historically increased at a rate of 4% per year. a. Assuming that tuition and other costs continue to increase at 4% per year, what would be the cost for Stormi's first year in college when she is 18 years old? (0.5 pts) b. Assuming that college costs continue to increase at 4% per year and that all her college savings are invested in an account paying 7% interest, what would be the amount of money that she will need to have available at age 18 to pay for all four years of her undergraduate education? (1.5 pt)- + 111 101, #10