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19. Megan turns 30 years old today She currently has $25,000 in her account. She must make and ending on her 65h birthday (420 total
19. Megan turns 30 years old today She currently has $25,000 in her account. She must make and ending on her 65h birthday (420 total monthly deposits of S beginning next month deposits) in order to reach her retirement goal of making monthly month beginning one month after her 65h birthday and ending on her 90m birthday at which time she wants to have $1,300,000 remaining in her account. Assume a 7% interest rate. a. 732.54 b. 740.21 c. 751.93 d. 761.63 e. 775.23 20. In 2018, the NBA superstar James Harden signed a new contract with Houston Rockets. The contract has a "total value" of $108.92 million. According to the contract, Harden will receive S30.17 million in 2018 (t-0); S38.15 million in 2019(t-1), and $40.60 million in 2020 (t-2). Assume that the interest rate is 8% pa, the present value of James Harden's new contract at year 2018 (t-0) is S a. 100.10 million b. 100.30 million c. 100.50 million d. 100.70 million e. 101.10 million
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