Question 1 1 pts Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 5 percent annually. How much will she have to invest each year to reach her target? $2.784 $2,538 $2,652 $3,000 Question 2 1 pts Trevor Smith wants to have a $1.2 million at retirement, which is 15 years away. He already has $210,000 in an IRA earning percent annually. How much does he need to save each year, beginning at the end of this year to reach his target? Assume he could earn 9 percent on any investment he makes. (Round to the nearest dollar.) $9,247 $13,464 $40,871 $14,818