I just need the correct answer

Question 5

You would like to vacation in Hawaii for one week each year. You can buy a time share for a vacation home in Hawaii for $20,000 today and a maintenance fee of $550 per year starting next year. You expect to sell the time share in 10 years for $15,000

Alternatively you can just pay for the week vacation each year (starting next year). Each year will cost you $1,500 . If your investments earn 5% per year (compounded annually) which alternative is cheaper and by how much in present value terms?

Group of answer choices

Pay each year it will save you $3,456

Pay each year it will save you $3,698

Buy the time share it will save you $3,628

Pay each year it will save you $3,323

Question 6

The current cost of the type of house you want to buy is $250,000. If the price of these types of houses is rising at 4.00% per year, how much will the house cost in 6 years?

Group of answer choices

$325,820

$316,330

$310,127

$319,431