E Homework: Chapte... Question 14, BE7-14 (bo... Part 1 of 2 HW Score: 10%, 2 of 20 points O Points: 0 of 1 Save Assume that you need to have $25,000 in four years. How much must you invest at the end of each year to reach your goal? You will earn 8% interest compounded annually. Draw a timeline to illustrate the problem. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Annuity Due table.) IM How much must you invest at the end of each year to reach your goal? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX Round your final answer to the nearest cent, $X.XX.) You must invest $ at the end of each year to reach your goal. w