8 Exercise B-18 Practical applications of the time value of money LO P1, P2, P3, P4 a. How much would you have to deposit today if you wanted to have $40,000 in five years? Annual interest rate is 8%. PVOfSLEVof $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) points Present value eBook Hint b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 7% on your Investments, how much would you have to deposit today to have $10,000 when you graduate? (Round your answer to 2 decimal places. Print Present value Re erences c-1. Calculate the future value of an investment of $486 for eleven years earning an interest of 8%. (Round your answer to 2 decimal places.) uture value c-2. Would you rather have $486 now or $1,000 eleven years from now? O Now Eleven years from now