Question: You are offered a contract for a lump sum payment in the amount of $50,000 to be paid 3 years from now. You want to

You are offered a contract for a lump sum payment in the amount of $50,000 to be paid 3 years from now. You want to know how much to pay today for this promise of money in the future, if a 12% annual return on investment is expected. (Questions 9-10) 9. What are you solving for? a) Future value (FV) b) Present value (PV) c) Periodic payment (PMT) d) Number of periodic payments (N) 10. What is this promise of future payment worth today? a) $35,589.01 b) $48,529.51 c) $70,246.40 d) $120,091.56 thonronorty The owner wants to know

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