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2 Arnold and Helene would like to visit Austria in three years to celebrate their 25th wedding anniversary. Currently, the couple has saved $19,500, but they expect the trip to cost $23.500 1-a. If they put $19,500 in an account that earns 6% interest, compounded annually, how much will they have in three years? (EV0f $! PV of 51. EVA of $1, and PVA of S1 (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) 012 points 8. 00:30:30 Future value 5 19,500.09 1-6. Will they be able to pay for the trip in three years? Yes No 3 Calculate the future value of the following single amounts. (EV of S1. PV of St. FVA of $1. and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) 012 points Future Value 033015 Initial Investment 1. $ 6.500 2 4.500 3 7,500 Annual Interest Period Rate Compounded invested 9 % Annually 8 years 10 Semarnually 5 years 12 Quarterly 4 years Book Print Bences Saved Help Save & E 4 Ched Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for three years, she will receive a bonus of $5,800 With an annual discount rate of 6%, calculate the value today of receiving $5,800 in three years. (EV of $1. PV of SLEVA of St and PVA LS1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) 0.12 DOV 200343 Presente ce 5 Ronald has an investment opportunity that promises to pay him $39,000 in three years. He could earn a 6% annual return investing his money elsewhere. 012 points What is the most he would be willing to invest today in this opportunity? (FV of $1. PV of $1. FVA of S1, and PVA of 5) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) 2 Present value 3004 6 Tom and Suri decide to take a worldwide cruise. To do so, they need to save $15,000. They plan to invest $2,500 at the end of each year for the next six years to earn 9% compounded annually, 1-a. Calculate the future value of the investment (FV of $1. PV of S1, FVA of S1, and PVA of 51) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) 012 points Futurs valu 1-6. Wil Tom and Surl reach their goal of $15,000 in six years? Yes No Help 7 Matt plans to start his own business once he graduates from college. He plans to save $1,900 every six months for the next three years. If his savings earn 6% annually for 3% every six months), determine how much he will save by the end of the third year. (EV of $1. Prot 31. EVASI, and PVA of 5) (Use appropriate factors) from the tables provided. Round your answer to 2 decimal places.) 012 8 12 8 Calculate the future value of the following annuities, assuming each annuity payment is made at the end of each compounding period. EV 51. PV of 1. EVA of $1. and PVA of $1 (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) 012 Dots 2 02320 Future Value of Annuity Annuity Payment 1 $ 4.300 2 7300 3 6,300 Annual Interest Period Rate Compounded invested 100 Samanty years 1201 Quarterly 5 years 110% Anually years 9 012 point Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $12,000 each year for the next four years to reimburse normal school-related expenditures. Each $12,000 payment will be made at the end of the year contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 100%, determine the value today of receiving this scholarship if Totsuo maintains good grades. (FV of S1.PV of $1. EVA of $1. and PVA of S1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Prosent value of annuity 302

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