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The Johannsens know they will be needing to replace the roof on their home soon. If the estimated cost to replace the roof is $25,000

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The Johannsens know they will be needing to replace the roof on their home soon. If the estimated cost to replace the roof is $25,000 and they need to replace the roof in three years, how much do they need to save each year (at the end of each year) assuming they can earn 8% on their savings? $7,701 $6,944 $8.333 $5,000 How much must be deposited on January 1, 2025 in a savings account paying 6% annually in order to make annual withdrawals of $40,000 at the end of the years 2025 and 2026? $73,336 $80,000 $75.480 $35,600 What amount would be paid for an investment that pays $25,000 at the end of each year for the next twenty years? Assume that the relevant interest rate for this type of investment is 12%. $1,801,310$209,145$25,916$186,736

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