Dynatrace Incs product development division typically forecasts projects 3 years in advance. Product development does not consider any project that cannot provide an 8% return on investment. The Department is involved in a pedaless bicycle, which they have stated requires $800,000 in funding. How much should Dynatrace invest today to have sufficient funds for the pedaless bicycle project?

Periods	PV of 1	PV of Ordinary Annuity	PV of Annuity due
3	0.7938	2.5771	2.7833
Periods	FV of 1	FV of Ordinary Annuity	FV of Annuity due
3	1.2597	3.2464	2.080

• A.

  $635,040

• B.

  $310,426

• C.

  $287,429

• D.

  $246,426

Gabriel is planning her retirement. One year from today, she will begin depositing the same fixed amount each year for the next 35 years into a retirement savings account. Starting one year after making her final deposit, she will withdraw $120,000 annually for each of the following 30 years (i.e. she will make 30 withdrawals in all). Assume that the retirement fund earns 9% annually over both the period that she is depositing money and the period she makes withdrawals. In order for Gabriel to have sufficient funds in her account to fund her retirement, how much should she deposit annually?

Periods	PV of 1	PV of Ordinary Annuity	PV of Annuity due
30	.07540	10.2737	11.1983
35	.04900	10.5668	11.5178
Periods	FV of 1	FV of Ordinary Annuity	FV of Annuity due
30	13.2676	136.3075	125.1354
35	20.4139	215.7108	197.9823

• A.

  $10,133

• B.

  $9,302

• C.

  $6,227

• D.

  $5,715