Question 4 O out of 4 points What would be the net difference of the present value of a new set of tools that costs $299 and will save you $89 a year in time spent on repairs? Assume an average return on your savings of 4 percent for five years. (Use the PV of an Annuity on the Excel Key formulas sheet) Selected Answer: 396.21 Correct Answer: 97.21 Answer range +/- 0.21 (97.00 - 97.42) Question 5 O out of 4 points Using Personal Financial Planner Sheet 38, calculate the approximate yearly operating cost of the following vehicle: Annual depreciation, $2,500 Annual mileage, 13,200 Current year's loan interest, $650 Miles per gallon, 24 Insurance, $680 License and registration fees, $65 Average gasoline price, $3.68 per gallon Oil changes/repairs, $370 Parking/tolls, $420 Selected Answer: 50.8 Correct Answer: 6,709 Answer range +/- 9(6700 - 6718 ) Monday, December 27, 2021 10:31:13 PM MST