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Suppose a husband wants to take his wife on a trip three years from now to Europe to celebrate their 40 th anniversary. He has

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Suppose a husband wants to take his wife on a trip three years from now to Europe to celebrate their 40 th anniversary. He has just recelved a $24,000 inhentance from an uncle and intends to invest it for the trip. The husband estimates the trip will cost $31,000 and he believes he can earn 8% interest, compounded annually, on his investment. Complete the following table to calculate the future value. Will he be able to pay for the trip with the accumulated investment amount? Note: Use tables, Excel, or a financial calculator. Round your finol answers to the nearest whole dollor amount. (FV of S1. PV of \$1. EVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1]

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