11) Suppose you want to buy an apartment when you graduate in 4 years' time which costs around $400,000. If you feel confident that you can earn 9% per year, how much do you need to invest today? a) $288,730 b) $283,730 c) $238,370 d) $283,370 12) What is the future value in five years of $20,000 invested today, compounding at 5.97% interest per annum? a) $26,627.65 b) $26,726.65 c) $26,762.65 d) $26,267.65 HA1022 Principles of Financial Management Trimester 2 2015 Page 3