Round answers to the nearest whole number. 1. $7,000 received 15 years from today. $ 2. The right to inherit $1,000,000 14 years from now. $ 3. The right to receive $1,000 at the end of each of the next six years. $ 4. The obligation to pay $3,000 at the end of each of the next 10 years. $ 5. The right to receive $5,000 at the end of the 7th, 8th, 9th, and 10th years from today.

Jane Wilson won a lottery. The British Columbia Lottery Commission offers her three payout options to receive her prize: Option 1 Receive CAD 140,000 at the end of 10 years. Option 2 Receive CAD 12,000 at the end of each of the next ten years. Option 3 Receive CAD 5,000 at the end of each of the next ten years plus CAD 10,000 at the end of each of the ten subsequent years. The interest rate is 5.0%, compounded annually. REQUIRED: 1. Which option should Jane select?

Vv. Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent? Assume that payments come at the end of each year. O $235,855 O $75,939 O $210,585 O $67,803

Paul intends to retire in 15 years and would like to receive $1,500 every month for 20 years, starting at the end of the first month in which he retires. How much must he have at the beginning of retirement if interest is 5% compounded annually? Select one: a. $191,834.03 b. $229,415.16 c. $228,235.00 d. $227,287.97 e. $230,349.83

Your employer contributes $500 per month, at the beginning of each month, to a retirement fund on your behalf. The contributions earn interest at a rate of 6% per year, compounded monthly. At the end of twenty years, what will be the balance of the fund? Group of answer choices $69,790 $232,175 $70,139 $220,713 $231,020

Susan won the lottery today which will pay an annual perpetuity of X, with the first payment occurring five years from today. The perpetuity has a present value of 100,000 based on an annual effective interest rate of 1% for the first ten years and 5% for all years thereafter. Calculate X. A. 4,100 B. 4,224 C. 4,357 D. 4,401 E. 5,696

Mr. Bill purchased a new house for 110,000. He paid 20,000 down and agreed to pay the rest over the next 30 years in 30 equal end of the year payments plus 12 percent compound interest on the unpaid balance. What will these equal payments be?