Question 8 (0.2 points) You just purchased a parcel of land for $95000. If you expect to earn a 7% annual rate of return on it, how much do you expect to be able to sell it for in 15 years? Your Answer: Answer Hide hint for Question 8 Method 1: Future value of the land= current price (1+ annual rate of return)^(number of years): Method 2: on your financial calculator N= number of years I/Y= annual rate of return PV= current price of the land PMT=0 CPT (compute) FV Question 11 (0.2 points) You want to buy a house in 5 years and expect to need $25000 for a down payment. If you have $17000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%) Your Answer: Answer Question 12 (0.2 points) David has a savings account with a 7,000 balance today. The account earns an annual percentage rate of interest of 3.25%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's accoun balance to double? Your