Question: Please solve the questions below. Show all your workl Identify N,1/X,PV,PMT, and FV where applicable. 1) If you wish to accumulate $750,000 in 13 years,

 Please solve the questions below. Show all your workl Identify N,1/X,PV,PMT,
and FV where applicable. 1) If you wish to accumulate $750,000 in

Please solve the questions below. Show all your workl Identify N,1/X,PV,PMT, and FV where applicable. 1) If you wish to accumulate $750,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 10% ? 2) How many years will it take for $350,000 to grow to be $700,000 if it is invested in an account with an annual interest rate of 8% ? 3) At what quoted annual interest rate must $190,000 be invested so that it will grow to be $850,000 in 15 years if interest is compounded monthly? 4) You plan to buy a car. The price of the car is $85,700. You will make a down payment of $13,598. The remainder of the car's cost will be financed over a period of 5 years. You will repay the loan 4) You plan to buy a car. The price of the car is $85,700. You will make a down payment of $13,598. The remainder of the car's cost will be financed over a period of 5 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 8% with monthly compounding of interest. (The first payment will be due one month after the purchase date.) What will your monthly payment be? 5) Your daughter is born today, and you want her to be a millionaire by the time she is 35 years old. You open an investment account that promises to pay 16% per year. How much money must you deposit each year, starting on her 1st birthday and ending on her 35 th birthday, so your daughter will have $1,000,000 by her 35 th birthday? 6) There are three investments being offered to you; one pays you $100,000 at the end of 10 years; another one pays you $90,000 at the end of 9 years; and other one $130,000 at the end of 11 years. If your required return on inwestment is 10%, which would you pick? 7) The present value of the following cash flow stream is $8,500 discounted at 10 percent annually. What is the value of the missing cash flow

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