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1. If you deposit $5,000 in an investment that earns an annual return of 10%, how much will you have in 6 years?

2. Suppose you just had a new addition to your family. If you put away $600 a year ($50 a month) in an investment earning 10% per year to use toward their college education or other training after high school, how much will you have after 18 years?

3. Congratulations! You have just won the lottery! You now must choose between receiving an immediate payment of $5 million or a $500,000 payment at the end of each year for the next 20 years (a total of $10 million). How much is the recurring $500,000 option worth today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92851929

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