Business, 11.11.2019 22:31 GavinWright254

Answer each of the following independent questions.

alex meir recently won a lottery and has the option of receiving one of the following three prizes:

(1) $86,000 cash immediately
(2) $32,000 cash immediately and a six-period annuity of $9,200 beginning one year from today
(3) a six-period annuity of $17,400 beginning one year from today.

(fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

1-a. assuming an interest rate of 6%, determine the pv value for the above options.
1-b. which option should alex choose? option (1) option (2) option (3)

2. the weimer corporation wants to accumulate a sum of money to repay certain debts due on december 31, 2025. weimer will make annual deposits of $170,000 into a special bank account at the end of each of 10 years beginning december 31, 2016.

assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on december 31, 2025?

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Answer each of the following independent questions.

alex meir recently won a lottery an...

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