13. Present value You just found out that you had a very eccentric uncle who lived quietly in Queens. He left you $25,000. You just saw the movie The Bucket List and have decided that you want to put some money away so that in 10 years, you can start fulfilling items on that list. With whatever money you have left, you'll pay off some bills. You have found an investment instrument that will pay 5% interest annually. Use the scenarios along with the following factor table data to answer each of the questions. Note that the complete Future Value and Future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text. Present Value Factors Future Value Formula Year 6 8 10 Present Value Annuity Factors 3% interest Rate 5% 7% 8% 9% .837 .746 .666 .630 .596 .789 .677 .582 .540 .502 .744 .614 .508 .463 .422 Present Value of an Even Amount Regular Annuity Formula Present Value Formula In order to have $28,750 in 10 years, you would need to invest S do not round intermediate calculations.) The annual amount you will have to spend for your bucket list activities is $ but do not round intermediate calculations.) today. (Note: Round your final answer to two decimal places, but Present value of an annuity Now the 10 years have passed, and you are ready to pull some money out of your fund. You talked to your investment advisor who says you can take this money and move it into a fund that will earn 7% interest annually. And you envision tackling most of your bucket list items over the next 12 years. . (Note: Round your final answer to two decimal places