P12-55A Solve various time value of money scenarios (Learning Objectives 3 & 4,) 1. Irving just hit the jackpot in Las Vegas and won $35,000! If he invests it now at a 10% interest rate, how 2. Trent would like to have $3,500,000 saved by the time he retires in 30 years. How much does he need to 3. Assume that Ramona accumulates savings of $1.5 million by the time she retires. If she invests this 4. Jessica plans to invest $4,000 at the end of each year for the next seven years. Assuming a 10% interest 5. Assuming a 6% interest rate, how much would Katie have to invest now to be able to withdraw $13,000 much will it be worth in fifteen years? invest now at a 14% interest rate to fund his retirement goal? savings at 12% how much money will she be able to withdraw at the end of each year for twenty years? rate, what will her investment be worth seven years from now? at the end of each year for the next nine years