Answer each of the following independent questions.

alex meir recently won a lottery and has the option of receiving one of the following three prizes:

(1) $86,000 cash immediately
(2) $32,000 cash immediately and a six-period annuity of $9,200 beginning one year from today
(3) a six-period annuity of $17,400 beginning one year from today.

(fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

1-a. assuming an interest rate of 6%, determine the pv value for the above options.
1-b. which option should alex choose? option (1) option (2) option (3)

2. the weimer corporation wants to accumulate a sum of money to repay certain debts due on december 31, 2025. weimer will make annual deposits of $170,000 into a special bank account at the end of each of 10 years beginning december 31, 2016.

assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on december 31, 2025?

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

What are six resources for you decide which type of business to start and how to start it?