10% 20% Consider the table to the right and sume that you wish to save enough this year to have $7,000 available to spend on a special vacation 9 years from now. How many dollars would you have to seve today to ensure that your savings would rise to $7.000 in 9 years of the interest rate appropriate for discounting in 3 percent? Since you want to have $7.000 available 9 years from now for your special vacation, you would need to save this year in order to meet your goal. (Enter your response rounded to the nearest whole number Discounted Present Values of 31 Year 3% 5% 89 1 0970909524 0.9259 09097 0.8223 2 09426 09070 0857301004 0.604 3 0.9151 0.8038 0793 0.7513 0.5787 4 0.088500227 0.750 0.683004173 5 0.75 000 0620900010 6 08375 074020630705450349 7 081310710705835 0613202701 8 789 06783056004665020 9 07064 0644805 0.44 00 10 07441 06130 0.460301015 15 0.649 0 4810 03152 0.2040 20 05537 037600.21501488 0620 25 0.477820530100000000 30 0,412002314009940057300012 40 3005 0100 0.00 0.0021000 50 0.2281 07200013 ODOS 00001