1.How much must be deposited today into the following account in order to have $ 75, 000 in 8years for a down payment on a house? Assume no additional deposits are made. An account with monthly compounding and an APR of 7%. $ ? should be deposited today.

2. Compute the total and annual returns on the described investment. Four years after buying 200 shares of XYZ stock for $70 per share, you sell the stock for $ 20, 100.

a.The total return is ? %

b. The annual return is ? %