Aaron G. wants to begin saving for enough money to invest in a new restaurant once his kids go off to college. He estimates that he will need $100,000 in 8 years (i.e., 8 years from now). If he is able to earn 5% per year, how much must be deposited at the end of each of the next 8 years to be able to invest in the restaurant? At 5% Future value of 1 for 8 periods 1.47746 Present value of 1 for 8 periods 0.67684 Future value of ordinary annuity of 1 for 8 periods 9.54911 Present value of ordinary annuity of 1 for 8 periods 6.46321 $67,684 $15.472 $12.500 $10,472