Suppose you are going to receive $12,000 per year for five years. the appropriate interest rate is 9 percent. a-1. what is the present value of the payments if they are in the form of an ordinary annuity? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) a-2. what is the present value of the payments if the payments are an annuity due? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b-1. suppose you plan to invest the payments for five years. what is the future value if the payments are an ordinary annuity? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b-2. what is the future value if the payments are an annuity due? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c-1. which has the higher present value, the ordinary annuity or annuity due? c-2. which has the higher future value?

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

Identify the three components of a family's culture and provide one example from your own experience

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?