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Majority Round Technologies Inc. ' s operations are generating excess cash that will be invested in a special fund. During 2 0 2 3 ,

Majority Round Technologies Inc.'s operations are generating excess cash that will be invested in a special fund. During 2023, Majority Round Technologies invests $19,500,000 in the fund for a planned advertising campaign for a new product to be released eighteen years later, in 2041. If Majority Round Technologies' investments can earn 9 percent each year, how much cash will the company have for the advertising campaign in 2041?
Majority Round Technologies Inc. will need $23 million to advertise a new product in 2041. How much must Majority Round Technologies invest in 2023 to have the cash available for the advertising campaign? Majority Round Technologies' investments can earn 9 percent annually.
Explain the relationship between the answers to (1) and (2).
please answer these using the future value of $1 table and the present value of $1 table to answer these questions. thank you so much for your time
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