If you deposit $12,000 in a bank account that pays 3% interest annually, how much will be in your account after 5 years? Round nearest cent What is the present value of a security that will pay $28,000 in 20 years if securities of equal risk pay 5% annually? Round your cent. $ Your parents will retire in 28 years. They currently have $300,000 saved, and they think they will need $2,350,000 at retirement rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places %