Use the table below to answer the following questions: Present Value of an Annuity of 1 Period 4% 5% 8% 10% 4 3.6299 3.5460 3.3121 3.1699 5 4.4518 4.3295 3.9927 3.7908 6 52421 5.0757 4.6229 4.3553 7 6.0021 5.7864 5.2064 4.8684 8 6.7327 6.4632 5.7466 5.3349 9 7.4353 7.1078 6.2469 5.7590 10 8.1109 7.7217 6.7101 6.1446 11 8.7605 8.3064 7.1390 6.4951 Future Value of an Annuity of 1 4% 5% 89 10% 4.2465 4.3101 4.5061 4.6410 5.4163 5.5256 5.8666 6.1051 6.6330 6.8019 7.3359 7.7156 7.8983 8.1420 8.9228 9.4872 9.2142 9.5491 10.6366 11.4359 10 5828 11.0266 12.4876 13.5795 12.0061 12.5779 14.4866 15.9374 13.4864 14.2068 16.6455 18.5312 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? Use the table below to answer the following questions Present Value of an Annuity of 1 Period 4% 5% 896 10% 4 3.6299 3.5460 3.3121 3.1699 5 4.4518 4.3295 39927 3.7908 6 5.2421 5.0757 4 6229 4.3553 6.0021 5.7864 5.2064 4.8684 8 6.7327 6.4632 5.7466 5.3349 9 7.4353 7.1078 6.2469 5.7590 10 8.1109 7.7217 6.7101 6.1446 11 8.7605 8.3064 7.1390 6.4951 Future Value of an Annuity of 1 49 5% 8% 10% 4.2465 4.3101 4.5061 4.6410 5.4163 5.5256 5.8666 6.1051 66330 6.8019 7.3359 7.7156 7 8983 8.1420 8.9228 9.4872 92142 9.5491 10 6366 11.4359 10.5828 11.0266 12.4876 13.5795 12.006112 5779 14.4866 15.9374 13.4864 14.2068 16 6455 18 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% retum a year