You found your dream home in Memphis, Tennessee! The home is priced at $409,000. You plan to finance the home for twenty-five years, and the bank offers you a 2.75% interest rate with monthly payments. How much interest will you pay over the life of the loan if you make payments for the full twenty-five years? $565,902.90 $156,902.90 O $2,966,235.72 None of the above You need $18,000 in ten years because you want to start your own business. Similar investments earn 5% interest compounded semiannually. How much must you invest today to reach your savings goal? $14,061.57 $11,050.44 $10,984.88 None of the above