now. 7. A married couple is planning to buy a new sport utility vehicle (SUV) 5 years from They expect the SUV to cost $32,000 at the time of purchase. a. If they want to have half of the cost for a down payment, how much must they save each year (starting at the end of the current year) if they can earn 10% per year on their savings? Alternatively, b. they can set aside a lump sum 2 years from now in a savings account that earns 10% annual (compounded) interest in order to have their down payment. How much should this lump sum of money be? c. If they choose to deposit 5 equal end-of-year amounts in the savings account in order to pay in full for the SUV 5 years from now, what will be the equivalent annual worth? d. What is the equivalent present value of the SUV? Assume the same interest rate