You have $17.250 you want to invest for the next 22 years. You are offered an investment plan that will pay you 7 percent per year for the next 11 years and 11 percent per year for the last 11 years. a. How much will you have at the end of the 22 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the investment plan pays you 11 percent per year for the first 11 years and 7 percent per year for the next 11 years, how much will you have at the end of the 22 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 3ook orences a 114,436.19 Account value Account value b. You have decided that you want to be a millionaire when you retire in 45 years. 5 a. If you can earn an annual return of 11.04 percent, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you can earn an annual return of 5.52 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Book Amount to invest Amount to invest b. erences For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate 6% 10 2 11 Future Value $ 18,328 42,517 800,382 657,816 14 14 19 13