1. If a person spends $32 a week on coffee 52 weeks in a year what would the present future value of that amount over 8 years if the funds were deposited in an account earning 6%
2. A client of yours informs you that this is their lucky day. They plan to play the Lotto, which is advertising a $200 million prize and want to know whether they should accept the annuity or choose a cash option. What is your advice?