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QUESTION 14 You currently have no money saved for retirement. You plan to put $2 in a retirement account, starting in one year and continuing
QUESTION 14 You currently have no money saved for retirement. You plan to put $2 in a retirement account, starting in one year and continuing in annual increments for 44 years. You expect to earn 8% APR with annual compounding on your investments. What will be the value of this account in 44 years? Your final answer must be rounded to the nearest dollar, only numeric, and exclude the dollar sign. Rounding examples: 1.49 would be rounded to 1 and 1.50 would be rounded to 2. QUESTION 15 You expect to receive $418 in 1 years and $544.50 in 2 years. What is the present value of these two cash flows if the rate of return on your investments is 10% APR with annual compounding? Your final answer must be rounded to the nearest dollar, only numeric, and exclude the dollar sign. Rounding examples: 1.49 would be rounded to 1 and 1.50 would be rounded to 2
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