2. What is the maximum amount each woman can spend on a home, assuming she uses her accumulated investment account to make a 20% down payment? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)

Mary Kate. Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 20% do end of each year for five years, the women make the following investments: n payment. For example,tobu a o o o nome a pers on ou d need to save a o t e AnnuityType of Annual PaymentAccount Retu Person Mary Kate $3,000 Savings Ashley Dakota Elle 2% 4,000 CDs 5,000 Bonds 5,000 Stocks 12