Question 1 (0.5 points) You just won $50000 from the state lottery. Assuming you will receive the money in equal installments over 26 years and that the state lottery earns a 3 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option (round to the nearest whole number)? Your Answer: Answer Question 2 (0.5 points) Richard Gorman is 65 years old and about to retire. He has $250000 saved to supplement his pension and Social Security and would like to withdraw it in equal annual dollar amounts so that nothing is left after 16 years. How much does he have to withdraw each year if he earns 10 percent on his money (round to the nearest whole number)? Your Answer: Answer Question 3 (0.5 points) I just started working full-time and plans to deposit $2000 annually into an IRA earning 6 percent interest compounded annually. How much would I have in 19 years (round to the nearest whole number)