Branching Problem Chapter 11 Dua on Jun 21 a 11 PM EDT N= 5 1/Y = 4 FV = 15,000 Colin thinks he can reasonably expect to buy a house in five years. He would like to have accumulated a $15,000 down payment (or a 20% down payment) on a $75,000 home. If Colin thinks he can earn 4% per year on his investments, how much must he invest annually (rounded to the nearest whole dollar) to reach his goal? a. $2,769 b. $3.480