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Tom and Suri decide to take a worldwide cruise. To do so, they need to...

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Accounting

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Tom and Suri decide to take a worldwide cruise. To do so, they need to save $26,000. They plan to invest $3,600 at the end of each year for the next six years to earn 9% compounded annually. Required: 1-a. Calculate the future value of the investment. (FV of $1,PV of $1, FVA of $1, and 1-b. Will Tom and Suri reach their goal of $26,000 in six years? Complete this question by entering your answers in the tabs below. Calculate the future value of the investment. (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)

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