ACC-650 TOPIC 6 ASSIGNMENT Question 1 Laura wants to buy a car when she graduates from Central University 6 years from now. She believes that she will need $31,000 to buy the car. Click here to view the factor table. (a) Calculate how much money Laura must put into her savings account today to have $31,000 in 6 years, assuming she can earn 14% compounded annually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,975.) Amount $ (b) Calculate how much money Laura must put into her savings account today to have $31,000 in 6 years, assuming she can earn 14% compounded semiannually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,975.) Amount $