Problem $4-25$ Calculating Present Values $[$LO $2]$

You have decided that you want to be a millionalre when you retire in $44$ years.

a$.$ If you can earn an annual return of $11\mathrm{.}4$ percent, how much do you have to Invest today?

Note: Do not round Intermedilate calculatlons and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What If you can earn an annual return of $5\mathrm{.}7$ percent?

Note: Do not round Intermedlate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Amount to invest,$$,9\mathrm{.}142\mathrm{.}85x$