Question: answer all 3 questions with explanation please 1, Debbie has S368.882 accumulated in a 401K plan. The fund is earning a low, but safe, 396

answer all 3 questions with explanation please
 answer all 3 questions with explanation please 1, Debbie has S368.882

1, Debbie has S368.882 accumulated in a 401K plan. The fund is earning a low, but safe, 396 per year. The withdrawals will take place annually starting today. How soon will the fund be exhausted if Debbie withdraws $30,000 each year? A. 12.3 years. B. 14 years C. 15 years. D. 16 years. E. 17 years. Garland Inc. offers a new employee a lump-sum signing bonus at the date of employment, June 1, 2016. Alternatively, the employee can take $39,000 at the date of employment plus $10,000 each June 1 for five years, beginning in 2020, Assuming the employee's time value of money is 9% annually, what lump sum at employment date would make him indifferent between the two options? A. $44,035. B. $40,855 C. $69,035 D. $30,035. E. $39,000 2. mes,i Koko Company will pay $10 million at the end of each year for 10 years to Mocha Inc. for a building with a fair value of $75 million. What is the interest rate used to calculate the annual payments? A. Between 13% and 14%. B. Between 7% and 8%. C. Between 5.5% and 6%. D. Not enough information to determine the answer. E. None of the above. 3

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