If money is worth more than 0% per year to you, would you rather pay $10,000 per year for five years or pay $5,000 per year for 10 years?

1. How much would $10,000 due in 100 years be worth today if the discount rate were 9%? 2. You have a chance to buy an annuity that pays $2,000 at the end of each year for 5 years. You could earn 7% on your money in other investments with equal risk. What is the most you should pay for the annuity? 3. You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an account that pays 8% interest. How much will you have just after you make the 5th deposit, 5 years from now?

You have just retired with savings of $10 million. If you expect to live for 60 years and to earn 8% a year on your savings, how much can you afford to spend each year (in $ dollars)? (Assume that you spend the money at the start of each year.) $

You are valuing an investment that will pay you $26,000 per year for the first 4 years, $36,000 per year the next 11 years, $49,000 per year the next 17 years, and $45,000 per year the following 10 years (all payments are at the end of each year). If the appropriate annual discount rate is 6.00%, what is the value of the investment to you today?