urses/96749/quizzes/421696/take/questions/6594835 Question 8 0.1 pts Use the table below to answer the following questions: 4 5 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Period 4% 5% 8% 10% 4% 5% 8% 10% 3.62993.54603.31213.1699 4.2465 4.3101 4.5061 4.6410 4.45184.32953.99273.7908 5.4163 5.5256 5.8666 6.1051 6 5.24215.07574.62294.3553 6.6330 6.8019 7.3359 7.7156 7 6.00215.78645.20644.8684 7.8983 8.1420 8.9228 9.4872 8 6.73276.46325.74665.3349 9.2142 9.5491 10.636611.4359 9 7.43537.10786.24695.759010.582811.026612.487613.5795 8.11097.72176.71016.144612.006112.577914.486615.9374 8.76058.30647.13906.495113.486414.206816.645518.5312 10 11 Bobby gets a yearly alimony payment from his ex-wife and wants to saves enough to put a 15% down payment on a home in 4 years. Median homes go for $950,000. How much should Bobby put away into an investment each year if he can get a 8% return a year? O Search Quiz: TIME VALUE OF MONEY THEORY-EXAM (MANDATORY] ourses/96749/quizzes/421696/take/questions/6594835 11 8.76058.30647.13906.495113.486414.206816.645518.5312 Bobby gets a yearly alimony payment from his ex-wife and wants to saves enough to put a 15% down payment on a home in 4 years. Median homes go for $950,000. How much should Bobby put away into an investment each year if he can get a 8% return a year? $23.131 $35,593 $46.262 O $31,624 < Previous Search Next Not saved Submit Quiz