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Question 7 4 pts Erica Clark wants to have $100,000 by age 30. If Erica is 20 years old today, how much per year (at

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Question 7 4 pts Erica Clark wants to have $100,000 by age 30. If Erica is 20 years old today, how much per year (at end of year) does she need to put into QQQ (the ETF for the top 100 companies of the NASDAQ) that is expected to earn 12% per year in order to have $100,000 at age 30? O a. $32,304 Ob. $$32,246 OG $32,197 d. $32,467 e. $32,511 o Question 8 4 pts If a person invests $-2,800 at t=0 and receives $400 at t=1 thru t=20, $100 at t=21 thru 35, and $200 at t=36, what is the profit achieved in dollars by the investor if the investor's cost of capital (discount rate) is 8 percent? (Use the frequency ability on your calculator.) a. $1,323 b. $1,477 c. $1,372 d. $1,389 O e. $1,401

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