Question: + Provided are links to the present and future value tables: (PV of $1. FV of $1. PVA of $1, and EVA of $.1) (Use

 + Provided are links to the present and future value tables:

+ Provided are links to the present and future value tables: (PV of $1. FV of $1. PVA of $1, and EVA of $.1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar) a. How much would you have to deposit today if you wanted to have $66,000 in four years? Annual interest rate is 9% b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $18,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $787 for nine years earning an interest of 10% (Round your answer to 2 decimal places.) c-2. Would you rather have $787 now or $1,800 nine years from now? d. Assume that a college parking sticker today costs $94. If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in eight years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $134,000. Ir the cost of a new home is increasing at a rate of 8% per year how much will a new home cost in ten years? (Round your answer to 2 decimal places.) 1. An investment will pay you $13,500 in 10 years, and it also will pay you $370 at the end of each of the next 10 years (years 1 through 10). If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) 9. A college student is reported in the newspaper as having won $14,000,000 in the Kansas State Lottery, However, as is often the custom with lotteries, she does not actually receive the entire $14 million now. Instead she will receive $100,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (today's amount that she won? (Ignore taxes) (Round your answer to nearest whole dollar.) 1 $ 15,860.77 Now a. Present value 6. Present value 1. Future value 02. Would you rather have $787 now or $1,800 nine years from now? d. Future value 6. Future value 1. Present value 9. Present value

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!