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Wagner Family The Wagners have saved $5,000 towards their goal to have $50,000 for a down payment on a house in 6 years. They will

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Wagner Family The Wagners have saved $5,000 towards their goal to have $50,000 for a down payment on a house in 6 years. They will put the $5,000 in an account along with money they will deposit annually. They don't know how much that annual deposit should be, so they've asked you to calculate it They have found a savings Institution that will pay 6% interest Audette Family The Audettes have set a goal to have $50,000 for a down payment on a house in 6 years. They have not saved anything so far. They have asked you to calculate how much they will need to put away each year to achieve their $50,000 down payment goal Talks They have found a savingsinstitution that will pay interest Use the scenarios along with the following factor table data to answer each of the questions. Note that the complete Future Value and Future Value Annuity tables (as well as the present value and present Value Annuity tables are located in the appendix in your teet nd Budgets Use the scenarios along with the following factor table data to answer each of the questions. Note that the complete Future Value and future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text. ols Table of Future Value Factors: Interest Rate Year 5% 6% 8% 1 1.050 1.060 1.080 2 1.102 1.120 1.166 3 1.158 1.190 1.260 1.260 1.360 5 1.276 1.340 1.469 5 1.340 1.420 8 1.472 1.590 1.851 10 1.629 1.790 2.159 1.216 1.587 iks Table of Future Value Annuity Factors Interest Rate Year 5% 69 34 1.000 1.000 1.000 2 2.050 2.060 2.060 3 3.152 3.180 3.246 4 4.310 4.380 4.506 5 5.526 5.630 5.167 5.802 6.970 7.336 9.890 10.637 12.578 13.180 14.482 10 Table of Future Value Annuity Factors: Interest Rate Year 5% 6% 8% 1 1.000 1.000 1.000 2 2.050 2.060 2.080 3 3.152 3.180 3.246 4 4.310 4.380 4.506 5 5.630 5.867 5.526 6.802 6 6.970 7.336 8 9.549 9.890 10.637 14.487 10 12.578 13.180 What is the amount of money the Wagners will need to deposit annually (rounded to the nearest two decimal places) to achieve their down payment goal? what is the amount of money the Audettes will need to deposit annually (rounded to the nearest two decimal places) to achieve their down payment goal? Grade It Now Save A Continue Continue without saving

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