You have a goal of having $100,000 five years from today. The return on the investment is expected to be 8%. The present value factor for 5-period, 8% discount rate is 0.6806. The amount that needs to be invested today is about:...

Your goal is to be able to withdraw $5,000 for each of the next ten years beginning one year from today. The return on the investment is expected to be 12%. The present value factor for a 10-period, 12% annuity is 5.6502. The amount that needs to be invested today is about...