JoePa promises JayPa that he will give JayPa $10,000 upon his graduation from college at Nittany Lions U. How much must JoePa invest today to make good on his promise, if JayPa is expected to graduate in 16 years, and JoePa can earn 5% on his money? Selected answer will be automatically saved, For keyboard navigation, press ug/down arrow keys to selioct an answec. a $2,135.32 b $3,678,96 C $4,581,11 d $5,012.88 e $7,545,91 Question 2 You need $2,000 to buy a new stereo for your car. If you have $500 to invest at 14% compounded annually, how long will you have to wait to buy the stereo? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keya to select an answer, a 6.58 years b 8.42 years c 10.58 years d 10.75 years