You were given $574 , 706 as a bonus for a job well done! You want to invest that money, and not touch it until it has grown to $1 , 000 , 000 . If you believe you can earn 9.78% per year on your investment portfolio, how long will it take for your original investment of $574 , 706 to turn into $1 , 000 , 000 ? (Post your answer in years, with two decimal points - e.g. 8.45 for 8.45 years). Question 2 10 pts What is the present value of the following cash flows, given an appropriate discount rate of 6.67% (to the nearest pennyy)?
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You were given $574-706 as a bonus for a job well done! You want to in.docx
1. You were given $574 , 706 as a bonus for a job well done! You want to invest that money, and
not touch it until it has grown to $1 , 000 , 000 . If you believe you can earn 9.78% per year on
your investment portfolio, how long will it take for your original investment of $574 , 706 to turn
into $1 , 000 , 000 ? (Post your answer in years, with two decimal points - e.g. 8.45 for 8.45
years). Question 2 10 pts What is the present value of the following cash flows, given an
appropriate discount rate of 6.67% (to the nearest pennyy)?
