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Suppose a husband wants to take his wfe on a tip three years from now...

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Accounting

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Suppose a husband wants to take his wfe on a tip three years from now to Europe to celebrate their 40 th anniversary. He has just received a $21,000 inheritance from an uncle and intends to invest it for the trip. The husband estimates the trip will cost $26,000 and he believes he can earn 6% interest, compounded annually, on his investment. Complete the following table to calculate the future value. Will he be able to pay for the trip with the accumulated investment amount? Note: Use tables, Excel, or a finenclal calculator. Round your final answers to nearest whole dollar amount. (FV of \$1. PV of \$1. FVA of S1. PVA of S1. EVAD of \$1 and PVAD of \$1)

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