Question 18: (1 Point) You want to receive $8,600 five years from today. The discount rate is 5.7%. Calculate how much you need to invest today to achieve this goal. O $0,516.14 O $0,166.64 O $5,153.88 O $4,736.60 O $4,406.14 Question 19: You want to have $1 million thirty five years from today, and you will carn an average of 5.6% on your money. To meet this goal, you are trying to decide when to deposit this money - either today, or five years from today. Calculate how much more will you have to deposit as a lump sum if you wait for five years before making the deposit. (1 Point) O $60.514 O $52.000 O $46,509 O $36.905 $29.807 Question 20: Grace Kelly invested $50,000 for fifteen years in an account that pays 2% simple interest. Now she is sorry she did not eam compound interest. If the interest had compounded annually, calculate how much more Grace could have earned over the life of her investment. (1 Point) O $2,195.82 O $2,293.42 O $3,149.66 O $4,644.37 O None of the above is correct