You want to have $2million when you retire. You think you can earn 11% return on your retirement account. You are currently 20 yrs old and are planning to retire at age 60. Q1. How much do you need to invest today? Solve for PV?  In the meantime, an insurance company A comes to you and say that they will pay you $2million at age 60 on your fund if you invest $350,000 now with their company. Q2. Would you rather purchase this retirement-insurance or invest yourself? Show work.

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Q: Am. 111.

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Q: Baghiben

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Q: Please step by step solutions

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