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Present and future value tables of $1 at 3% are presented below: 24 nim 5 N FV $1 PV $1 1 1.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 10.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.46853 10.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 FVA $1 PVA $1 1.0000 0.97087 2.0300 1.91347 3.0909 2.82861 4.1836 3.71710 5.3091 4.57971 6.4684 5.41719 7.6625 6.23028 8.8923 7.01969 10.1591 7.78611 11.4639 8.53020 12.8078 9.25262 14.1920 9.95400 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 FVAD $1 PVAD $1 1.0300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 Carol wants to invest money in a 6%CD account that compounds semiannually. Carol would like the account to have a balance of $80,000 6 years from now. How much must Carol deposit to accomplish her goal? Multiple Choice $58,516 $56,110. O $74,515 $54,060 Present and future value tables of $1 at 9% are presented below. N FVA $1 1.0000 2.0900 1 2 3 4 FV $1 PV $1 1.09000 0.91743 1.18810 (0.84168 1.29503 0.77218 1.41158 0.70843 1.53862 0.64993 1.67710 0.59627 3.2781 4.5731 5.9847 7.5233 FVAD $1 1.0900 2.2781 3.5731 4.9847 6.5233 8.2004 PVA $1 0.91743 1.75911 2.53129 3.23972 3.88965 4.48592 PVAD $1 1.00000 1.91743 2.75911 3.53129 4.23972 4.88965 5 6 You want to invest $7,800 annually beginning now in order to accumulate $38,140 for a down payment on a house. If you can invest at an interest rate of 9% compounded annually, about how many years will it take to accumulate the required amount

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