6) What is the present value of twenty (20) anmial payments of $9,000, starting today if the interest rate is 4%? * The

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6 What Is The Present Value Of Twenty 20 Anmial Payments Of 9 000 Starting Today If The Interest Rate Is 4 The 1 (77.35 KiB) Viewed 33 times

6) What is the present value of twenty (20) anmial payments of $9,000, starting today if the interest rate is 4%? * The Nixon administration felt that 70 cents was too high and routinely threatened McDonalds using the Federal Price Commission 7) Consider an investment which pays $29,000 at the end of year 1. year 2, and year 3. In year 4, the investment will pay $90,000 and this payment will grow by 1% cach year forever. If the appropriate interest rate is 6%, what is this investment worth today? 8) You plan on retiring in 40 years. You will open a retirement account today with an initial deposit of $3000. You will then begin saving in 40 equal annual payments starting at the end of the first year (starting at tol) with the last deposit being made at retirement, at t-40. Additionally, your employer will pay you a bonus of $50,000 at year t-20 rewarding your 20 years of service, you will put this bonus into your retirement account. Additionally, you want to take a vacation to Hawaii at year t-15, which will cost you $10,000 and come from your retirement account as an early withdrawal. At retirement you would like to make 30 withdrawals of S150,000 per year for the next 30 years, starting att 41. Finally, at the end of your 30 year retirement (t-70), you would like to donate $10,000,000 to your alma mater so that they will name a door on a classroom for you. If your retirement account will pay you 6% interest per year, what do your annual deposits into the account need to be?