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Question 11 1 pts Your property tax bill of $4,000 is due in 7 months. How much do you have to invest today in an
Question 11 1 pts Your property tax bill of $4,000 is due in 7 months. How much do you have to invest today in an account that earns 3.00% APR (compounded monthly) to have just enough to pay your tax bill? O $4,009 $3,801 O $3,931 O $4.029 Question 12 1 pts You would like to purchase a vacation home in 5 years. The current price of such a home is $275,000 but the price of these types of homes is rising at a rate of 4% per year. How much would you have to invest in years 1 to 5, (the same amount in each year) in nominal terms to exactly pay for the vacation home if your investments earn 6% APR (compounded annually) in nominal terms
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