Suppose that you expect to replace the roof on your commercial property in 5 years at a cost of $70,000. How much would you need to save each month (monthly compounding) if you can earn 2% interest? O $793 O $ 952 O $1,110 O $1,269 O $1,428 Question 10 10 pts Suppose that you are considering the purchase of a parcel of land for $200,000. The property is vacant and produces no income, but there are property taxes of $4,000 per year that must be paid. If you hold the property for 5 years, and get $300,000 from the sale, what would your return be on this investment? 6.74% 8.47% 10. 16% 11.80% 13 40%