1Alex Meir recently won a lottery and has the option of receiving one of the following three prizes(1) $88,000 cash immediately(2) $34,000 cash immediately and a six-period annuity of $9,300 beginning one year from today(3) a six-period annuity of $18,400 beginning one year from todayaAssuming an interest rate of 7%, determine the Present value for the above options. (Use PVA ofOptionPresent ValueAnnuityPVA of $1 (from chart) PV of Annuity188,000234,0009,300 i=7%, n=64.7665444,3293-18,400 i=7%, n=64.7665487,7042The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on DecWeimer will make annual deposits of $175,000 into a special bank account at the end of each of 1Assuming that the bank account pays 8% interest compounded annually, what will be the fund ba(Use FVA of $1) (Round "FV Factor" to 4 decimal places and final answer to the nearest dollar am
Get answer to your question and much more