Use a financial calculator or computer software program to answer the following questions: Melanie is trying to save money for retirement and has a future goal of $600,000 at the end of 20 years. Determine the present value of her goal using a discount rate of 11%. How would the present value change if the $600,000 is to be received at the end of 15 years instead? Explain the impact and show your work?

Use a financial calculator or computer software program to answer the following questions: Melanie is trying to save money for retirement and has a future goal of $600,000 at the end of 20 years....

Use a financial calculator or computer software program to answer the following questions:

Melanie is trying to save money for retirement and has a future goal of $600,000 at the end of 20 years. Determine the present value of her goal using a discount rate of 11%.

How would the present value change if the $600,000 is to be received at the end of 15 years instead? Explain the impact and show your work?

Jun 09, 2022