QUESTION 2 "You want to retire in 21 years and you currently have $74,000 saved in your retirement account. You believe you will need $1,415,000 upon retirement - Assuming no additional contributions, what rate will you need to earn on the account to achieve this goal?" 13.05% 15.09% 1812.16% 86.29% 15.90% 14.35% QUESTION 3 3. "What would be more valuable, receiving $5,950 today or receiving $16,000 in 18 years if interest rates are 6.5% and by how much would it be the more valuable alternative?" "Receiving S16,000 / $800 higher Present Value "Receiving S5,950 / $5,150 higher Present Value" "Receiving S16,000 / $5,150 higher Present Value" Both are worth the same amount Insufficient date provided to determine an answer to this question "Receiving S5,950 / $800 higher Present Value"