(c) The Johnsons enjoy a high income because both work at well-paying jobs. They have spent parts of three evenings over the past several days discussing their fi nancial values and goals together. As shown in the upper portion of Figure 3.5, they have established three long-term goals: $3000 for a European vacation to be taken in 2 ½ years, $5000 needed in October 2013 for a down payment on a new automobile, and $26,078 for a down payment on a home to be purchased in December 2014.