Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

# Jeanie has deposited \$33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years...

1. Jeanie has deposited \$33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of \$65,000, what recommendation would you make to Jeanie?2. Fred has inherited \$6,000 from the death of Barney. He would like to use this money to buy Wilma a new rockmobile costing \$7,000 for their 10th anniversary celebration which will take place in 2 years from now. Will Fred have enough money to buy the gift if he deposits his money in an account paying 8 percent compounded semi annually?3. Calculate the future value of an annuity of \$5,000 each year for eight years, deposited at 6 percent.4. Calculate the present value of an annuity of \$3,900 each year for four years, assuming an opportunity cost of 10 percent.5. Joie is planning to attend college when she graduates from high school 7 years from now. She anticipates that she will need \$10,000 at the beginning of each college year to pay for tuition and fees, and have some spending money. Joie has made an arrangement with her father to do the household chores if her dad deposits \$3,500 at the end of each year for the next 7 years in a bank account paying 8 percent interest. Will there be enough money in the account for Joie to pay for her college expenses? Assume the rate of interest stays at 8 percent during the college years.6. You have provided your friend with a service worth \$8,500. Your friend offers you the following cash flow instead of paying \$8,500 today. Should you accept his offer if your opportunity cost is8 percent?Year