Question 27 1 pts You want to save an amount today that will pay for your future annual food bills that will start next year, and go for 28 years. The current annual cost of your food bill is $7,712, but the cost is rising at 2% per year. How much would you have to invest today, to fully pay for your future annual food bills if your investments earn 6.96% APR nominal (annual compounding). U Question 28 1 pts A Asset Valuation - Price D E F B Wealth Accumulation Funding - Lump sum funds lump sum Funding - Lump sum funds ordinary level annuity Funding - Lump sum funds delayed level annuity Funding - Ordinary level annuity funds lump sum G Funding - Ordinary level annuity funds delayed level annuity H Choosing Among Alternatives Classify the problem as one of the above types. Choose Only One You have a trust fund of $73,147. It is invested today in an account that pays 5.71% compounded annually. You plan to withdraw the funds in two equal payments starting in 9 years. What is the size of each payment