Question 7 1 pts You would like to buy a retirement home in Florence, Italy in 4 years. The type of home you want to buy currently costs $588,951, but you expect the price to rise at 4% per year for the next 4 years. If your investments earn 5.26% APR compounded annually (nominal), how much do you have to invest in years 1 to 4 to be able to purchase your retirement home? Question 8 1 pts You want to be able to spend the current equivalent of $63,920 per year during your retirement that will start in 14 years, and go for 22 years. You expect inflation to be 3% per year during your retirement. How much would you have to invest in nominal terms in years 1 to 5, to fully pay for your retirement if your investments earn 8.39% APR (annual compounding)