Question: how would i solve both 5& 6 5. You decide to start saving for an in-ground pool. You determine that you will need $22,000. Your

how would i solve both 5& 6

5. You decide to start saving for an in-ground pool. You determine that you will need $22,000. Your plan is to purchase the pool in 5 years. How much should you deposit monthly into a savings account that pays an APR of 4%? 6. Two years ago you decide to invest your holiday bonus of $1000 into the T. Rowe Price International Growth & Income Mutual Fund. At the end of 2 years, your investment has fallen in value to $985. a. What is your total return for the 2-year period? Total return: This means that over the 2 years, your investment by 16 of its original amount. b. What is your annual return for the 2-year period? Annual return: This means that your investment by an average of 9% each year. gate

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