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dont anser the yes ir no questionxs Ronald has an investment opportunity that promises to pay him $44,000 in four years. He could earn a
dont anser the yes ir no questionxs
Ronald has an investment opportunity that promises to pay him $44,000 in four years. He could earn a 7% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Present value X This is a numeric cell, so please enter numbers only. Calculate the present value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Future Value Present Value 1. Period Invested 5 years 8 years $ 9,100 6,100 Annual Interest Rate Compounded Annually 8 % Semiannually 12 % Quarterly 2. 3 5,100 4 years Tom and Suri decide to take a worldwide cruise. To do so, they need to save $12,000. They plan to invest $1,900 at the end of each year for the next six years to earn 9% compounded annually. 1-a. Calculate the future value of the investment. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Future value 1-b. Will Tom and Suri reach their goal of $12,000 in six years? Yes O NoStep by Step Solution
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