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Question 1 1 pts The Buffalo Bills are considering paying Jake Kumerow a lump sum of $12,759,429 three years from now as part of his

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Question 1 1 pts The Buffalo Bills are considering paying Jake Kumerow a lump sum of $12,759,429 three years from now as part of his contract. If the relevant discount rate is 15 percent, what is the present value of this liability? Round your answer to nearest whole number. Question 2 1 pts Assume the total cost of a college education will be $118,882 when your child enters college in 18 years. You presently have $37,538 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Enter answer as 3 decimal places les 0.123)

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