hmk1 - Team Assignment 1 ( due: Tuesday, February 8 ) 1....

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Team Assignment – 1 ( due: Tuesday, February 8 ) 1. You have just won the lottery . You will receive $ 3 , 500 , 000 today , and then receive 36 payments of $ 800 , 000 . These payments will start one year from now and will be paid every four months . A representative from Greenleaf Investments has offered to purchase all the payments from you for $ 22 million . If the appropriate interest rate is a 8 percent APR compounded daily , should you take the offer ? Assume there are 12 months in a year , each with 30 days . 2. A 7-year annuity of fourteen $ 8 , 000 semiannual payments will begin 4 years from now , with the first payment coming 4 years from now . If the discount rate is 12 percent compounded continuously , what is the value of this annuity two years from now ? What is the value ten years from now ? What is the current value of the annuity ? ( round to two decimals ) 3. An All-Pro defensive lineman is in contract negotiations . The team has offered the following salary structure
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hmk1 - Team Assignment 1 ( due: Tuesday, February 8 ) 1....

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