Remaining Time: 3 hours, 35 minutes, 43 seconds. Question Completion Status: QUESTION 1 Chris thinks he will need $225,000 in 15 years to cover their daughter's college tution How much would Chris have to invest today to achieve that goal if it gains 8% interest compounded semiannually? O $68,023.65 O $69,367.50 O $70,012.25 O $68,705.80 QUESTION 2 3 points Save As 4 points Sevn Answer If you get a federal tax income refund of $2,985 and decide to invest it in your retirement account, how much will you hurve in 30 years if the investment gains 5% compounded annually? $14,051.33 O $9,650 71