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Solve various time value of money scenarios. (Click the icon to view the scenarios.) (Click the icon to view the present value of \$1 table.) (Click the icon to view the present value of annuity of $1 table.) (Click the icon to view the future value of \$1 table.) (Click the icon to view the future value of annuity of $1 table.) More info how much will it be worth in 15 years? (Round your answer to the nearest whole dollar.) 1. Charlie just hit the jackpot in Las Vegas and won $45,000 ! If he invests it now, at a 14% interest rate, how much will it be worth in 15 years? 2. Hunt would like to have $4,000,000 saved by the time he retires in 40 years. How much does he need to invest now at a 14% interest rate to fund his retirement goal? 3. Assume that Lilian accumulates savings of $1 million by the time she retires. If she invests this savings at 12%, how much money will she be able to withdraw at the end of each year for fifteen years? 4. Geena plans to invest $6,000 at the end of each year for the next eight years. Assuming a 10% interest rate, what will her investment be worth eight years from now? 5. Assuming a 12% interest rate, how much would Penelope have to invest now to be able to withdraw $8,000 at the end of every year for the next nine years? 6. Victor is considering a capital investment that costs $515,000 and will provide the following net cash inflows: Using a hurdle rate of 8%, find the NPV of the investment. 7. What is the IRR of the capital investment described in Question 6

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