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Help You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a

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Help You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank chat pays 9% annual interest. The client wants to deposit an amount that will provide her with $1,004,500 when she retires. Currently she has $301,800 in the account. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) How much additional money should she deposit now to provide her with $1,004,500 when she retires? (Round your answer to nearest whole dollar.) Additional deposit amount Judge Drago has decided to set up an educational fund for his favorite granddaughter, Emma, who will start college in one year. The judge plans to deposit an amount in a savings account that pays 8% annual interest. He wants to deposit an amount that is sufficient to permit Emma to withdraw $21,900 for tuition starting in one year and continuing each year for a total of four years. (EV of $1. PV of $1. FVA of $1. and PVA of S1) (Use the appropriate factor(s) from the tables provided.) How much should he deposit today to provide Emma with a fund to pay for her college tuition? (Round your answer to nearest whole dollar.) Deposit amount

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