A real estate investment has the following expected cash flows: The discount rate is 5 percent. What is the investment's present value? Round your answer to 2 decimal places; for example 2345.25. Your Answer: Answer Michael wants to have $66,000 in 12 years on a savings plan that requires monthly contributions. If he can earn 11 percent APR with monthly compounding on the savings plan, what is the amount that he will have to invest every month for the next 12 years? Round it to two decimal places and do not include the $ sign, e.g., 1234.56 Your