Question: Question 5 2 pts How much would you have to invest today to be able to withdraw $8,243 each month, for 11 months, starting 8

Question 5 2 pts How much would you have to invest

Question 5 2 pts How much would you have to invest today to be able to withdraw $8,243 each month, for 11 months, starting 8 months from now, if your investments earn 3.67% APR (compounded monthly)? Question 6 2 pts You plan on going on a 9 month vacation 12 months from now. You can pay $3,445 per month during the vacation, or you can pay $47,813 today. If you pay today, how much does it save (or cost) you in present value term if your investments earn 3.22% APR (compounded monthly)? If it costs you more to pay today, state your answer with a negative sign (eg., -2000)

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