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1. You have $10,026.61 in a brokerage account, and you plan todeposit an additional $5,000 at the end of every future year untilyour account totals $220,000. You expect to earn 11% annually onthe account. How many years will it take to reach your goal? Roundyour answer to two decimal places at the end of thecalculations.____ years2. An investment will pay $150 at the end of each of the next 3years, $250 at the end of Year 4, $300 at the end of Year 5, and$550 at the end of Year 6.If other investments of equal risk earn 10% annually, what isits present value? Round your answer to the nearest cent.$ _____If other investments of equal risk earn 10% annually, what isits future value? Round your answer to the nearest cent.$ _____