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Answer both questions. If only one is answered, I will downvote. Q18) You invest $4,727.00 at the beginning of every year and your friend invests
Answer both questions. If only one is answered, I will downvote.
Q18) You invest $4,727.00 at the beginning of every year and your friend invests $4,727.00 at the end of every year. If you both earn an annual rate of return of 5.27%, how much more money will you have after 36.0 years? (2 points) Q19) You currently have $2,977.00 in a retirement Savings account that earns an annual return of 9.60%. You want to retire in 49.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal? (2 points) When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal placesStep by Step Solution
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