Moore Family LeBlanc Family The LeBlancs have set a goal to have $40,000 for a down payment on a house in 5 years. The Moores have saved $5,000 towards their goal to have $40,000 for a down payment on a house in 5 years. They have not saved anything so far. They have asked you to calculate how much they will need to put away each year to achieve their $40,000 down-payment goal. They will put the $5,000 in an account along with monies they will deposit annually. They don't know how much that annual deposit should be, so they've asked you to calculate it They have found a savings institution that will pay 8% interest. They have found a savings institution that will pay 8% interest. Based on the data provided, and using the factor tables provided below, what is the amount of monies the LeBlancs will need to deposit annually (rounded to the nearest two decimal places) to achieve their down-payment goal? Based on the data provided, and using the factor tables provided below, what is the amount of monies the Moores will need to deposit annually (rounded to the nearest two decimal places) to achieve their down-payment goal? Use the drop-down menu that follows to view the factor table data necessary to solve this problem. Note that the complete Future Value and Future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text. Table of Future Value Factors x Interest Rate 5% 6% Year 8% 1 1.050 1.060 1.080 1.166 2 1.102 1.120 3 1.158 1.190 1.260 4 1.216 1.260 1.360 5 1.276 1.340 1.469 6 1.340 1.420 1.587 8 1.477 1.590 1.851 10 1.629 1.790 2.159 Table of Future Value Annuity Factors X Interest Rate Year 5% 6% 8% 1 1.000 1.000 1.000 2 2.050 2.060 2.080 3 3.152 3.246 3.180 4.380 4 4.506 5 5.630 5.867 4.310 5.526 6.802 9.549 6 6.970 7.336 8 10.637 9.890 13.180 10 12.578 14.487