Question: Answer both pls ! Question 3 2.5 pts Assume the firm makes a one-time investment of $83,000 today at a 11.2% interest rates and would


Answer both pls !
Question 3 2.5 pts Assume the firm makes a one-time investment of $83,000 today at a 11.2% interest rates and would like to have it grow to $250,000. How many years will the investment take to grow to $250,000? Assume the interest rate compounds annually. O 11.20 years 12.45 years 9.38 years 10.39 years Question 4 2.5 pts Assume Jimmy will receive $6,100 each year beginning one year from now for next 28 years (beginning next year). If the interest that applies is 9.3% and it compounds annually, what is the present value of the total amount of money Jimmy will receive? Be reminded of the fact the results shown through a financial calculator is based on the assumption that the first payment will be made one year from now. O $60,152.86 $80,138.71 $77,236.42 $56.245.65
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