4&5

Question 4 (0.8 points) How much do you have to invest in S today at an annual rate of 8%, if you need to have $1000 in 8 years from today? Your Answer: Answer Question 5 (0.8 points) You want to buy your dream car which will cost you $5600. If you could invest your entire savings of $3500 at an annual interest of 1%, how long (in years rounded to two decimal places) would you have to wait until you have accumulated enough money to buy the car? Your