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Problem 10: Calculating Present Values. You have decided that you want to have $1,000,000 (i.e. be a millionaire) when you retire in 30 years. 10a.

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Problem 10: Calculating Present Values. You have decided that you want to have $1,000,000 (i.e. be a millionaire) when you retire in 30 years. 10a. If you can earn a 8.00% return, how much do you have to invest today? I have to invest $ _today. 10a. Points: 5 10b. If you can earn a 12.00% return, how much do you have to invest today? I have to invest $ , today. 10b. Points: 5

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