T 4 Exercise 5-10 (Algo) Future and present value [LO5-3,5-7, 5-8] Answer each of the following independent questions Alex Mer recently won a lottery and has the option of receiving one of the following three prizes $26,000 cash immediately and a stiperiod annuity of $8.300 beginning one year from today or begening one year from today Eat. Eats EVA of $1 PVA of SL EVAD of S1 and PVND of 5) the tables provided) a $74,000 cash ammediately (2) six period annuity of $15,000 (Use appropriate factor(s) from 1. Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? 2. The Weiner Corporation wants to accumulate a sum of money to repay certain debts due on December 31 2030 Weimer will make annual deposits of $340,000 to a special bank account at the end of each of 10 years beginning December 31, 2021 Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 21,2030 Complete this question by entering your answers in the tabs below. %, determine the present value for the above options, which option should Alex ch Hand aniwers to neart while dollar amount) Option 1 Option 2 Option 1 Anoully PVSmily Ces PVC 23 Exercise 5-10 (Algo) Future and present value [LO5-3,5-7, 5-8) Answer each of the following independent questions Alex Me recently won a lottery and has the option of receiving one of the following three prizes 574.000 cash immediately (2) $26,000 cash mediately and a six-period annuity of $8.300 beginning one year from today, or a six-period annuity of $15,000 beginning one year from today EV of $1 PV at 51 EVA of $1, PVA of $1 EVAD $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided) 1. Assuming an interest rate of 6% determine the present value for the above options. Which option should Alex choose? 2. The Wemer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030 Wesmer will make amal deposits of $140,000 to a special bank account at the end of each of 10 years beginning December 31, 2021 Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 3120301 Complete this question by entering your answers in the tabs below. of $145,000 spat bank account at the end of each of 10 years beginning December 11, 2021. that the back account pay 7% inter compounded annually, what will be the fund balance after the last pay aden Camber 11, 2030 yr fal anees to earth dar Take ca A.. Exercise 5-10 (Algo) Future and present value [LO5-3,5-7, 5-8] Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $74,000 cash immediately. (2) $26,000 cash immediately and a six-period annuity of $8,300 beginning one year from today, or (3) a six-period annuity of $15,000 beginning one year from today. (EV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $140,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? Complete this question by entering your answers in the tabs below. Raquiled 1 Required 2 Assuming an interest rate of B Alex Mee receny was $2,000 cash immediately and a sta period annuity of $1.300 beginning one year from today, or a six period annuity of $15 egg one year from today to Exts EVA of PVA of 51 EVAD of S1 and PVAD of 53 (Use appropriate factor(s) from Anette of 6%, determine the present value for the above options. Which option should Alex choose? 2 he was accumulate a sum of money to repay certain debts due on December 31, 2030 Weimer will make anal 4000 a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bon acct compounded annually, what will be the fund balance after the last payment is made on December 312000 Complete this question by entering your answers in the tabs below. 2 Assuming interest rate of o determine the present value for the above options. Which option should ex choose? (Round your final answers to nearest whole dollar amount.) Avmuity PV Aty Option 1 Option . Option 3 Which pun should Alex choose? diale Cas PV Option $ 4 Required 2 > 0 H Pe $20.000 cash medately and a ste-period annuity of $8.300 beginning one year from tdly, lil LJ, beginning one year from today YolSt. PV of SS EVA of St. PVA of S1. EVAD of $1 and EVAD of 5) (Use appropriate factors) from the tables provided) Ling an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? 2. Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030 Weimer will make anual dents of $140.000 into a special bank account at the end of each of 10 years beginning December 31, 2021 Assuming that the bank accus systerest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030 Complete this question by entering your answers in the tabs below. Show less a The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer wi make annual deposits of $140,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 20307 (Round your final answers to nearest whole dollar amount.) Table or calculator function Payment IM Futurs valu