7. You plan to save $5,000 this year and increase the annual savings amount by 6% each year. If you can earn 9.5% on your money, how much will you have in 15 years? 8. A real estate company is considering buying a property that will pay them $42,000 a year beginning in 4 years and lasting 18 years after that. If their required return is 8.2%, what is the most they should pay for this property today