12020 COM 240 A01 - A02 X - University of Vict um - A01 Time Left:1:09:14 Richard Zhang: Attempt 1 Question 17 (1 point) You want to have $12,000 saved eight years from now. How much less do you have to deposit today to reach this goal if you can earn 7% rather than 4% on your savings? $609.81 $928.73 $1,784.17 $615.48 $555.18 Question 18 (1 point) Saved Liesl receives $50 on the first of each month. Anna receives $50 on the last day of each month. Both Liesl and Anna will receive payments for five years. At an 6% discount rate based on monthly compounding, what is the difference in the present hocet sets of ments