Question: please show work and variables if used! Question 8 (5 points) Texfinity would like to raise $10 million in 5 years from now to replace

please show work and variables if used!

Question 8 (5 points) Texfinity would like to raise $10 million in 5 years from now to replace aging technology. How much money must the company deposit today to fully fund the upgrade if the investment will earn 7% annually? AJ Question 9 (6 points) You won the state lottery cash prize of $30 million. You invest this money for 15 years earning 8% interest. How much money will you have at the end of the 15 years? A

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