Item $2$

You have decided that you want to be a millionaire when you retire in $44$ years.

If you can earn an annual return of $11\mathrm{.}18$ percent, how much do you have to invest today?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What if you can earn an annual return of $5\mathrm{.}59$ percent?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$