If your grandparents would offer you the following cash flow: They will give to you $100,000 in 18 years after you turn the age of 40 . But, you have many student debts and other expenses that need to be paid now. If YOUR required rate of return equals 7%, what is the present value of that pot if you could take the funds today? $29,586 $72,134 $24,875 $32,586 Question 9 5 pts If you would decide to start saving for your own retirement fund, assume you start at the age of 22 and invest $8,000 per year for the next 48 years until you reach the age of 70 , and if you assume that you could earn 5% on those investments over the next 48 years, how much could you have available to yourself as a retirement fund at age 70 ? $1,504,203 $2,308,042 $1,317,579 $144,617