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Use the table below to answer the following questions: Assumption: Required annual effective rate (EPR) of return is 9%. If an investment pays you $108,000

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Use the table below to answer the following questions: Assumption: Required annual effective rate (EPR) of return is 9%. If an investment pays you $108,000 at the end of each vear for 3 years, what is its present value? $291.703 $250193 $279,396 $273.380 Use the table below to answer the following nuestions: 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 $46,262 $35,593 531.624

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