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What is the maximum amount each woman can spend on a home, assuming she uses her accumulated investment account to make a 25% down payment?

What is the maximum amount each woman can spend on a home, assuming she uses her accumulated investment account to make a 25% down payment? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.

[The following information applies to the question displayed below.] Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 25% down payment. For example, to buy a $100,000 home, a person would need to save $25,000. At the end of each year for four years, the women make the following investments:

Person Annuity Payment Type of Account Expected Annual Return
Mary Kate $2,400 Savings 2%
Ashley 3,400 CDs 4
Dakota 4,400 Bonds 7
Elle

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