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Ronald has an investment opportunity that promises to pay him $54,000 in five years. He could earn a 8% annual return investing his money elsewhere.
Ronald has an investment opportunity that promises to pay him $54,000 in five years. He could earn a 8% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (Ey of $1. PV of $1. EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Present value Tom and Suri decide to take a worldwide cruise. To do so, they need to save $26,000. They plan to invest $3,600 at the end of each year for the next six years to earn 9% compounded annually. 1-6. Calculate the future value of the investment. (FV of $1. PV of $1. EVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Future value 1-b. Wil Tom and Suri reach their goal of $26,000 in six years? o Yes NO
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