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ve worksheet 11.1. Phoebe Jones is now employed as the managing editor of a well-known business Journal. Although the thoroughly enjoys her job and the

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ve worksheet 11.1. Phoebe Jones is now employed as the managing editor of a well-known business Journal. Although the thoroughly enjoys her job and the people she works with, what she would really like to do is open a bookstore of her own. She would like to open her store in about nine years and figures she'll need about 175.000 captata da to Given that Phoebe thinks she can make about 9 percent on her money, use Worksheet 11.1 to answer the following questions, a. How much would Phoebe have to invest today, in one lump sum, to end up with $75,000 in nine years? Round the answer to two decimal places 34532.08 b. If she's starting from scratch, how much would she have to put away annually to accumulate the needed capital in nine years? Round the answer to two decimal places. c. How about if she already has $5,000 socked away, how much would she have to put away annually to accumulate the required capital in nine war Round the answer to two decimal places. d. Given that Phoebe has an idea of how much she needs to save, briefly explain how she could use an investment plan to help reach her objective

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