Joe Grant won the state lottery for $20M. He will receive $600,000 per year after taxes for 20 years. If his expected annual interest rate is 8.75%, what is the present worth of Joe's winnings?

please answer

6. Ms. Cruz can buy a piece of property for P6.500.000 cash or P4,000.000 down payment and P4,200,000 in five (5) years. If she has money earning 8%, converted quarterly, which is a better purchased plan and by how much?

7. What is the future worth of $2,000 at the end of each month for 10 years at 10% compounded monthly?

A $1000 face-value coupon bond has a current yield of 5.75% and a market price of $1060. What is the bond’s coupon rate?

A car dealership offers you no money down on a new car. You may pay for the car for 3 years by equal monthly end-of-the-month payments of $735 each, with the first payment to be made one month from today, If the discount annual rate is 17.45 percent compounded monthly, what is the present value of the car payments? Round the answer to two decimal places.

Sabrina has $657 in 2022 and pays an annual interest rate of 22%. How much money will she have at the end of 2027?

Question 1 Due to health reasons, Dave is considering early retirement. He currently has $700,000 in a self- managed retirement fund. He thinks he will need S40,000 per year during retirement. He intends to invest his retirement in a low-risk mutual fund which return 1.5% per year. How many years can he live off this retirement fund without the need to look for a job?

Five years ago you invested $18,242. What is the current value of that investment if you use a 5% market interest rate?

1. Assume you graduate with a student loan total of $28,000. You are going to pay off this loan with monthly payments for the next 8 years. The monthly interest rate is 0.25%. What is your monthly payment amount? (Answer is not 3,539.49)