Question: please solve both question for good rating Thank you 1. Jim invested $5000 today. He is 25 and will retire at age 65. If he

please solve both question for good rating Thank you

1. Jim invested $5000 today. He is 25 and will retire at age 65. If he invests at a rate 10 percent annually, what is the value of the investment at age 65? Answer: 2. How much would Lisa need to invest to accumulate $500,000 at age 60 if she currently 25 and invests at a rate of 12 percent? HL

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