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help you can do it in excell or writting, kinldy answer the two questions!!!! Question 1 O out of 10 points If Erik wants to
help you can do it in excell or writting, kinldy answer the two questions!!!!
Question 1 O out of 10 points If Erik wants to retire in 25 years with $995,000.00 and can save $10,020.00 annually for 25 years with his first savings contribution made in 1 year, then what annual return X does he need to earn?(Round the value to 2 decimal places and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55) Selected Answer: 3 [None Given] Correct Answer: 10.06 Answer range +/- 0.02012 (10.03988 - 10.08012) Question 2 0 out of 10 points If Kenneth has $78,100.00 currently saved, wants to retire in 26 years with $1,044,000.00, and can save $9,530.00 annually for 26 years with his first savings contribution X made in 1 year, then what annual return does he need to earn? Round the value to 2 decimal places and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55) Selected Answer: [None Given] Correct Answer: 6.68 Answer range +/- 0.01336 (6.66664 - 6.69336) Thursday February 24 2022 2:10:37 PM ESTStep by Step Solution
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