I. A Real Estate Investor is considering the purchase of an apartment building. The investor estimates the current value at S400,000. If the market price appreciates at 8 percent annually, what will be the price of the unit at the end of5 years? 2. Suppose you were selling your home. A buyer has offered to pay you S115,000 now and another S85,000 in 2 years. What is the value today of the payment received in 2 years, given your required rate of return is 7 percent? Suppose you have the option to buy a parcel of vacant land to build your first home. The option is for a 5-year period, and the purchase price is S65,000. You do not intend to exercise the option until the end of the 5th year, which means you have 5 years to accumulate the required S65,000 in cash to buy the land. Given you have access to a savings account that pays 6 nt interest that compounds annually, how much will you have to save each year