a$.$ You need to accumulate $$11,300$ for a trip you wish to take in four years. You are able to earn $10\%$ compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for four years. How would you determine the amount of the one$-$time deposit?

b$.$ Assume the same facts as in part $($a$)$ except that you will make semiannual deposits to your savings account. What is the required amount of each semiannual deposit?

You want to retire after working $40$ years with savings in excess of $$1,260,000.$ You expect to save $$5,040$ a year for $40$ years and earn an annual rate of interest of $10\%.$

c$-2.$ Will you be able to retire with more than $$1,260,000$ in $40$ years?

d$-1.$ A sweepstakes agency names you a grand prize winner. You can take $$283,500$ immediately or elect to receive annual installments of $$32,600$ for $20$ years. You can earn $8\%$ annually on any investments you make.

d$-2.$ Which prize do you choose to receive?

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Req A$,$Req B$,$Req C$1,$Req D$2]]$

You need to accumulate $$11,300$ for a trip you wish to take in four years. You are able to earn $10\%$ compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for four years. How would you determine the amount of the one$-$time deposit?

Note: Round your answer to $2$ decimal places.

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$\backslash$table$[[$Future Value,,Table Factor,,Present Value$],[$L$.,x,,=,],[$Table Values are Based on:$],[$E$,=,,,],[$i$),=,,,]]$

RegA

ReqB