Question: QUESTION 12 You won a small lottery that will pay you $10.000 per year for 28 vears. If the first payment will occur at the

 QUESTION 12 You won a small lottery that will pay you

QUESTION 12 You won a small lottery that will pay you $10.000 per year for 28 vears. If the first payment will occur at the end of this year and the appropriate discount rate is 0.07, what is the present value of this promised payment stream? QUESTION 13 Match the form of organization with the appropriate description - Single owner with unlimited liability A General Partnership Shareholders own the firm and professional managers operate it on their B. Sole Proprietorship C. Limited Partnership - More than one owner, each having unlimited liability D. Corporation More than one owner, one class of owners has limited liability and is not responsible for running the firm, the other class of owners has unlimited liability and is responsible for running the firm behalf QUESTION 14 You have been in the workforce for a year or two now and are keen on buying your first house. Unlike the easy money days prior to the Great Recession, you will need a substantial downpayment. You have determined that you will need a downpayment of at least $30,000. Assume that you save the same amount every year for 6 years (first deposit occurs at the end of this year, last deposit occurs at the end of the fifth year, if the account where you deposit the money returns 0.044 per year, how much will you need to deposit each year

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