Question: Exercise 5-15 (Algo) Future and present value [LO5-3, 5-7, 5-8] Arswer each of the follewing independent questions. 1. You fecently won a foltery and have

Exercise 5-15 (Algo) Future and present value [LO5-3, 5-7, 5-8] Arswer each of the follewing independent questions. 1. You fecently won a foltery and have the option of receiving one of the following three prizen (1) 560.000 cash iniriediately. (2) 518,000 cash immediately and a sxyear arnual annuity of 57500 beninning ente year froen today, or (3) a sboyear annial ariniaty of S1tso0 beginnime one year from today Assumzing an interest rate of 5 compourkicd annually, determine the present value for the above eptioris, Which optian should you choose? 2. A company wants to accumulate a sum of money to repay certain debts due in the future, The compary wei make annaal deposits of $105,000 into a special bank account at the end of each of 10 years Assuming the bank accourt pays 69 interest compounded annually, what will be the fand batance afser the last payment is made in ten years? Cumplete thas question by entering your answers in the tabs below

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