The following situations should be considered independently. (FV of S1. PY of S1, EVA of $1. PVA of S1, EVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $59,184 for a down payment on a small business. He will invest $25,000 paying 9% interest compounded annually. Approximately how long will it take John to reach his goal? 2. The Jasmine Tea Company p today in a bank account note requiring merchandise from a er for $29,504. Payment was a noninter Jesmine to make sik annual payments of $6,000 beginning one year from the date of purchase. What is the interest rate implict in this 3. Sam Robinson borrowed $1000 from a friend and promised to pay the loan in 10 equal annual instaliments beginning one year agreement? from the date of the loan. Sam's friend would like to be reimbursed for the time value of money at a 10% annual rate what is the annual payment Sam must make to pay back his friend? Complete this question by entering your answers in the tabs below. John Jamison wants to accumulate $59,184 for a down payment on a small business. He will invest $25,000 today in a bank account paying , interest compounded annually. Approximately how long wit it take John to reach his goal? (Do not round