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a. How much will you have in five years? b. Suppose you plan to withdraw $1,500 in four years and there is no penalty for early withdrawal. How much will you have in five years? 2. Present value of a contract. A basketball player has just signed a $30 million contract to play for three years. They will receive $5 million as an immediate cash bonus, $5 million at the end of the first year, $8 million at the end of the second year, and the remaining $12 million at the end of the contract. Assuming a discount rate of 10 percent, what is the value of the package? Buying a machine. You can invest in a machine that costs $500,000. You can expect revenues net of any expense, except maintenance costs, of $150,000 at the end of each year for five years