You've been considering using the stock market as a way to grow your money for a $20,000 down payment on a home. It's your hope to be in a position to purchase a home in 7 years. You have a high risk tolerance and expect to earn a 9% annual return in the market. How much do you need to invest today to meet your goal? O $11,357 $9,780 $8,239 O $10,940 Question 8 (1 point) You received a solicitation promising a .65% monthly APY on a savings account. What will your APY be at the end of 12 months? 07.80% 08.08% 09.08% 10.50% How much will you need to invest on an annual basis to have $1,000,000 at the end of 45 years assuming a 7% annual rate of return? $3,499 annually $4,259 annually O $6,750 annually O $5,000 annually Angela, a friend of yours, has been considering investing in a brokerage account for a down payment on a home in the not too distant future. How much will she need to invest today, as a lump sum payment, to have $30,000 in 5 years assuming a 7.5% discount rate? O $20,896.76 O $15,678.32 $29,079.82 $30,000