b. Erenda Young desires to have $10,000 eight years from now for her daughter's college fund. If she will earn 4 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation. (Round PV factor to 3 decimal places and final answer to the nearest whole doltar.) c. What amount would you have if you deposited $2,500 a year for 25 years at 6 percent (compounded annually)? (Round discount factor to 3 decimal places and final answer to the nearest whole dollar.) Exhibit 1-C Prevent Value of 51 to Be Received at the End of a Given Number of Time Periods Exhibit 1-B Future Value (Compounded Sum) of \$1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity)