2. Cindy has decided to retire in 24 yrs. She has $30000 available today and wa

2. Cindy has decided to retire in 24 yrs. She has $30000 available today and wants to invest the money to supplement her pension plan. a. assume Cindy wants to accumulate $150000 by her retirement date. Will she achieve her goal if she invests $30000 today and earns 6%? Please show calculations
to support your yes/no answer. b. If cindy invests a total of $30000 through a series of 24 equal annual installments at the end of the year instead of a single amount would Cindy accumulate
the desired $100000 at the 6% annual interest? The first investment would be one year from today. Please show calculations to support answer.
3. Smith plans to choose one of 3 investments. Investment A pays $2500 at the end of each year for 3 years. Investment B pays $8500 at the end of 5 years.
Investment C pays $1000 at the end of each year for 4 years and pays $4000 at the end of the 5th yr. Smith requires a rate of return of 7% on each of these
investments. a. what is the present value of Investment A
b. what is the present value of Investment B
c. what is the present value of Investment C