Question 5 (10 points) How much would you need to invest today in order to receive $30,000 in 3 years with 8.4% interest rate?[Hint: use the formula to calculate the answer. Do not use the factor table][Hint: Round your answer to 2 decimal places) Your Answer: Answer Question 6 (10 points) Grummet Company is acquiring a new wood lathe with a cash purchase price of $86,000. The Wood Master Industries (the manufacturer) has agreed to accept $26,800 at the end of each of the next 4 years. Based on this deal, how much total interest will Grummet pay over the life of the loan? Your