this is the background - Background Congratulations! J&B Boating is excited to welcome you to the role of Benefits Coordinator in its Employee Affairs Division. J&B Boating believes new employees need help choosing the distribution of investments in 401(K) retirement accounts offered during the "onboarding" process. As a result, you've been asked to create an infographic illustrating the effect of annual growth rates of invested funds and the initial deposit that a young person would need to make in order to retire with a million dollars at the end of forty years, a typical working life. This problem may be solved using the Present Value and Future Value formula (for more details, please see the textbook readings on this topic). Calculations may be completed by hand, using Microsoft Excel, or an investment calculator Links to an external site.. Assume gains are compounded annually and that no additional contributions are made. PV x (1+r)t = FV This formula means that the present value (PV) of funds received in the future depends on the rate of growth of the initial deposit (the yield or interest rate, r) and the time period of investment (40 years). WAIT