Question: please answer 1 and 2 show work Question 7 (1 point) Show all your work! You need to save $X now so that one year

 please answer 1 and 2 show work Question 7 (1 point)please answer 1 and 2 show work

Question 7 (1 point) Show all your work! You need to save $X now so that one year from now you can buy a two-year annuity paying $2,000 each year. If interest rates are 8%, how much do you need to save now? D eo Format B T U - A un EQ 2 11. Question 8 (2 points) Show all your work! You expect to receive $75 one year from now and an additional $40 two years from now. Interest rates are 5%. Question 1: How much can you spend now? Question 2: How much can you spend two years from now

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