Question: answer both question!! What is the present value of 17 annual payments of $ 1,889 each with the first payment being received immediately? Assume you

answer both question!! answer both question!! What is the present value of 17 annual

What is the present value of 17 annual payments of $ 1,889 each with the first payment being received immediately? Assume you can invest money at a 10% stated rate with semi-annual compounding. Round your answer to 2 decimal places and record without a dollar sign and without commas. Your Answer: Answer You want to accumulate $1,000,000 in retirement funds by your 65th birthday. Today is your 30th birthday, and you plan on making annual investments into a mutual fund that you project will earn a 10% annual rate of return. Your first payment will take place one year from today, and your last payment will take place! on your 65th birthday. What is the amount of the annual payment you must make each year in order to reach your goal? Round your answer to two decimal places and record without a dollar sign and without a comma. Your

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