Paul White is planning to save up for a trip to Europe in three years. He will need $7,800 when he is ready to make the trip. He plans to invest the same amount at the end of each of the next three years in an account paying 5 percent. What is the amount that he will have to save every year to reach his goal of $7,800 in three years?

Paul White is planning to save up for a trip to Europe in three years. He will need $7,800 when he is ready to make the trip. He plans to invest the same amount at the end of each of the next three years in an account paying 5 percent. What is the amount that he will have to save every year to reach his goal of $7,800 in three years? (Round answer to 2 decimal places, eg. 5,275.25.) Cash flows $ An investment opportunity requires a payment of $990 for 12 years, starting a year from today. If your required rate of return is 10.0 percent, what is the value of the investment to you today? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, eg. 15.25.) Present value of investment $ Sheridan Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $24,500 each year for the next five years. If the company uses a discount rate of 17 percent on its investments, what is the present value of this investment? (Round factor values to 4 decimal places, eg. 1.2514 and final answer to 2 decimal places, eg. 15.25.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Present value of investment $ Robert Williams plans to invest $20,700 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 10.0 percent. How much money will Robert have at the end of seven years? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.) Future value of investment $ Brian Lee plans to save $5,450 every year for the next eight years, starting today. At the end of eight years, Brian will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 9.7 percent annually, how much will he have saved in eight years when he buys his house? (Round factor values to 4 decimal places, eg. 1.5212 and final answer to 2 decimal places, e.g. 15.25.) Future value of investment $