Question: Please show steps on how you got to the answer. Thank you :) DI ab X X Adobe 21. Mention two differences between debt and

Please show steps on how you got to the answer.

Thank you :)

DI ab X X Adobe 21. Mention two differences between debt and equity. (4 pts) 22. You invest $1,000 today and 5 years later get back $2,800 . What interest rate did you earn on your investment? (4 pts) 23. You have won a $1,000,000 ten-year annuity. If your discount rate is 6% per year, how much money have you actually won today? (8 pts)

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