m/ultra/courses/_37162_1/cl/outline Question Completion Status: QUESTION 10 A two-year investment of $300 is made today at an annual interest rate of 4%. Which of the following statements is TRUE? The PV is $277.37. The FV is $224.72 The FV is 5324.48. This question is irrelevant because there are no two-year investments that earn an average of 4% per year. QUESTION 40 Assume that Ray is 38 years old and has 27 years for saving until he retires. He expects an APR of 7.5% on his he need to save if he puts money away annually in equal end-of-the-year amounts to achieve a future value of 51,200,000 dollars in 27 years' time? $13.844.13 $14,882.44 544 444.44 $20.670.97