x Your answer is incorrect. Sara has just graduated from college. She has determined that to purchase a home in 8 years she needs to accumulate $ 46,800 for a down payment. If Sara can earn 6% per year on her savings, what is the amount of the annual annuity payment that Sara must make at the end of each year for 8 years? Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount of the annual annuity payment s 4728 Table 2 Future Value of an Annuity of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Payments 1.00000 1.00000 1.00000 1.0000 .00000 1.00000 1.00000 1.00000 1.00000 1.00000 2.04000 2.05000 2.06000 2.0700 2.080002.09000 2.10000 2.11000 2.12000 2.15000 3.12160 3.15250 3.183603.2149 3.24640 3.27810 3.31000 3.34210 3.37440 3.47250 4.246464.310134.37462 4.4399 4.50611 4.573134.64100 4.70973 4.779334.99338 5.41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.352856.74238 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 7.91286 8.115198.75374 7.89829 8.14201 8.393848.6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 9.21423 9.549119.89747 10.2598 10.63663 11.02847 11.4358911.85943 12.29969 13.72682 10.58280 11.02656 11.49132 11.9780 12.4875613.02104 13.5794814.16397 14.77566 16.78584 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 15.93743 16.72201 17.54874 20.30372 13.48635 14.20679 14.9716415.7836 16.64549 17.56029 18.53117 19.56143 20.6545824.34928 15.02581 15.91713 16.8699417.888518.9771320.14072 21.38428 22.71319 24.13313 29.00167 16.62684 17.71298 18.88214 20.1406 21.49530 22.95339 24.52271 26.21164 28.02911 34.35192 18.29191 19.59863 21.01507 22.5505 24.2149226.01919 27.97498 30.09492 32.39260 40.50471 20.02359 21.57856 23.27597 25.1290 27.15211 29.36092 31.77248 34.40536 37.27972 47.58041 21.82453 23.65749 25.67253 27.8881 30.32428 33.00340 35.94973 39.18995 42.75328 55.71747 23.69751 25.84037 28.2128830.8402 33.75023 36.97351 40.54470 44.50084 48.8836765.07509 25.64541 28.13238 30.90565 33.9990 37.45024 41.30134 45.59917 50.3959355.74972 75.83636 27.67123 30.53900 33.75999 37.3790 41.44626 46.01846 51.15909 56.93949 63.43968 88.21181 29.77808 33.06595 36.7855940.995545.76196 51.16012 57.27500 64.20283 72.05244 102.44358 4 7 12 13 15 16 18 19 20 Table 1 Future Value of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 1.08160 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 1.12486 1.157631.19102 1.22504 1.25971 1.29503 1.33100 1.367631.40493 1.52088 1.16986 1.21551 1.26248 1.31080 .36049 1.41158 1.46410 1.51807 1.57352 1.74901 1.216651.27628 1.338231.402551.46933 1.53862 1.61051 1.68506 1.762342.01136 1.265321.34010 1.41852 1.500731.58687 1.67710 1.77156 1.87041 1.97382 2.31306 1.31593 1.40710 1.50363 1.60578 1.71382 1.828041.94872 2.07616 2.21068 2.66002 1.368571.47746 1.59385 1.718191.85093 1.99256 2.143592.30454 2.47596 3.05902 1.42331 1.551331.68948 1.83846 1.99900 2.171892.35795 2.558032.77308 3.51788 1.480241.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.105854.04556 1.539451.71034 1.89830 2.10485 2.33164 2.580432.85312 3.15176 3.478554.65239 1.60103 1.79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 1.665071.88565 2.13293 2.40985 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 1.731681.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.310444.88711 7.07571 1.800942.078932.39656 2.75903 3.17217 3.64248 4.17725 4.78459 5.47357 8.13706 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 9.35762 1.94790 2.29202 2.69277 3.158823.70002 4.32763 5.05447 5.89509 6.86604 10.76126 182.02582 2.40662 2.85434 3.37993 3.99602 4.71712 5.55992 6.543557.68997 12.37545 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 14.23177 2.19112 2.65330 3.20714 3.86968 4.660965.60441 6.72750 8.06231 9.64629 16.36654 4 12 13 14 15 17 20