Cody invests $1,900 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation? Multiple Choice $7,904.00 $8,220.16 $8,068.35 $7,600.00 $7,296.00 Patricia wants to invest a sum of money today that will yield $28,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of $1, FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice O $23,257 $16,800 $26,320 $19,740 $24.657 A company needs to have $175,000 in 5 years, and will create a fund to insure that the $175,000 will be available. If it can earn a 6% return compounded annually, how much must the company invest in the fund today to equal the $175,000 at the end of 5 years? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $234,176 $52,500 $130,778 $164,500 $122,500