Question: I just need the correct answer Question 3 You plan on going to law school for 3 years starting in 5 years. The cost of

I just need the correct answer

Question 3

You plan on going to law school for 3 years starting in 5 years. The cost of tuition for the first year will be $25,000 The cost of tuition for the second year will be $26,000 The cost of tuition for the third year will be $27,040 How much would you have to invest today in an account that earns 2.00% APR compounded annually) to exactly pay for your tuition? Group of answer choices

$69,270

$72,041

$67,253

$71,349

Question 4

You are managing the investments of a pension fund. You have to make a payment to your customer in 12 months. The amount of the payment is equal to $1,500,000. How much do you have to invest each month, starting next month, for 11 months to exactly provide for the payments if your investments earn 5.00% APR (compounded monthly)? Group of answer choices

$137,647

$127,877

$136,982

$132,992

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