Question: solve everything- its one big problem. 3. Problem 5.05 (Time to Reach a Financial Goal) You have $57,528,45 in a brokerage account, and you plan

solve everything- its one big problem.
solve everything- its one big problem. 3. Problem 5.05 (Time to Reach
a Financial Goal) You have $57,528,45 in a brokerage account, and you

3. Problem 5.05 (Time to Reach a Financial Goal) You have $57,528,45 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals 5240,000 , You expect to earn 11% annuslly on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number years Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent a. An Initial $300 compounded for 10 years at 8%. b. An initial $300 compounded for 10 years at 16%. 5 c. The present value of $300 due in 10 years at 8%. 5 d. The present value of $2,120 due in 10 years at 16% and 8%. Present value at 16%:$ Present value at 8%:5 e. Define present value, 1. The present value is the value today of a sum of money to be recelved in the future and in general is less than the future value. 11. The present value is the value today of a sum of money to be recolved in the future and in general is greater than the future value. he present value is the value today of a sum of money to be received in the future and in general is equal to the future value. he present value is the value in the future of a sum of money to be received today and in general is less than the future value. he presont value is the value in the future of a sum of money to be received today and in general is greater than the future value. How are oresont values affected by interest rates

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