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Complete the following table by entering relevant values. Then use the table of future value factors to calculate the value of this nest ego. Annual

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Complete the following table by entering relevant values. Then use the table of future value factors to calculate the value of this nest ego. Annual savings Years over which it will grow Interest rate Interest factor What will be the value of this money in 25 years? (Note: Round to two decimal places.) years, what would your nest ego You began savings at ape 40. Et you had started five years earlier, so that your funds would grow for be worth, assuming the same interest rate and annual savings amount? (Note: Round to two decimal places.) Suppose that a new bank in town offert 8% interest. How much would your yearly deposits be worth it you open a savings account there, assuming that your funds are invested for 25 vears and all other factors remain the same? Comote the following cable by entering relevane values. Then use the table of future value factors to calculate the value of trus nest ego. (Hint: Remember that the PVA factor is based on the new interest rate now.) Anual savings Years over which it wil grow Interest rate Interest factor What will be the value of this money in 25 years? (Note: Round to two decimal places.) Again, if you had started your savings program five years earlier what would you nestao be worth, assuming that your funds were invested at this Higher interest rate, the annual savings amount remains the same, and the funds are invested for Years? (Note: Round to two decimal places)

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