Tom and Suri decide to take a worldwide cruise. To do so, they need to save $17,000. They plan to invest $2,700 at the end of each year for the next seven years to earn 8% compounded annually.

1-a. Calculate the future value of the investment. (EV of $1, PV of $1, V oF $i and PVA of $1) 1-b. Will Tom and Suri reach their goal of $17,000 in seven years?

***Please round your answer to 2 decimal places*** Thank you!!