Question: Please show steps/work. Currently studying for my accounting final 2) You have $5,000 in an investment account right now that will earn you 11% per

Please show steps/work. Currently studying for my accounting final 2) You havePlease show steps/work. Currently studying for my accounting final

2) You have $5,000 in an investment account right now that will earn you 11% per year. How much additional cash must you contribute per year if you hope to retire with $300,000 in 35 years? *Hint: To use the calculator either future value OR present value and payment will need to be negative. Think about cash inflows and outflows. 1) "35". n 2) "11"- "I/Y" 3) "5000" PV 4) "-300000"* FV 5) "CPT" PMT 6) Answer: 3) You expect to retire in 35 years with $300,000. If you plan to use those funds for exactly 20 more years after retirement, how much can you withdraw per year, assuming you now earn 5%? 1) "20" "n" 2) "5" "I/Y" 3) "300000" PV 4) "0"* "FV" 5) "CPT" PMT 6)

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