9 An inheritance will be $20,000. The interest rate the time value of money is 6%. How much is inheritance worth now, if it will be received (a) in 5 years? (b) in 10 years? (c) in 20 years? (d) in 50 years?

Year Cash Flow S100,000 $30.000 $35.000 $5,000 S30.000 $40.000 3 4. Annual Interest rate - 5.5% a) Calculate the Present worth b) Calculate the equivalent annuity for these cash flows

It’s time to get a new laptop that is $2500. If you finance it, you will be charged 8% annual interest and it will take you two years to pay it off, paying each month.  (A)How much will you pay each month for this laptop?  (B)What are your total acquisition costs of financing the laptop?

A mom would like to open a savings account for her new born son's university education. Her plan is to deposit $5,000 at the end of each year for 18 years. From her job, she is expecting a promotion bonus of $4,000 at the end of 8 years that she can deposit directly to her son's university fund. However, she needs to get a new car 5 years from now with a down payment, so she realizes she cannot save any money for her son's university fund during that year. If the underlying savings account pays 8% interest compounded annually, how much money would her son have in this account at the end of 18 years?   Please show all steps!!