Question: please answer both! Question 24 1 pts You are trying to estimate the amount of money that you will have in your 401K at retirement.

please answer both!

Question 24 1 pts You are trying to estimate the amount of money that you will have in your 401K at retirement. You expect to retire in 30 years. You will deposit $581 per month. If you expect to earn an average return of 0.076 per year, what should be the balance? Answer in dollar and cents. U Question 25 1 pts You expect to receive equal payments of $58,616 per year starting 6 years from today. The payment will be for 16 years and the insurance company used a 6.3% discount rate to value this annuity. Given this information, what is the present value of these payments? Answer in dollars and cents

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