Question: 3 Use a financial calculator or computer software program to answer the following questions: Melanie is trying to save money for retirement and has a

3 Use a financial calculator or computer software program to answer the following questions:

  1. Melanie is trying to save money for retirement and has a future goal of $750,000 at the end of 20 years. Determine the present value of her goal using a discount rate of 11%.
  2. How would the present value change if the $750,000 is to be received at the end of 15 years instead? Explain the impact and show your work?

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