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Use the table below to answer the following question: Present Value of an Annuity of 1 3% 4% 6% 8% 2.8286 2.7751 2.6730 2.5771 3.0909 3.1216 3.1836 3.2464 3.7171 3.6299 3.4651 3.3121 4.1836 4.2465 4.3746 4.5061 4.5797 4.4518 4.2124 3.9927 5.3091 5.4163 5.6371 5.8666 5.4172 5.2421 4.9173 4.6229 6.4684 6.6330 6.9753 7.3359 6.2303 6.0021 5.5824 5.2064 7.6625 7.8983 8.3938 8.9228 7.0197 6.7327 6.2098 5.7466 8.8923 9.2142 9.8975 10.6366 7.7861 7.4353 6.8017 6.2469 10.1591 10.5828 11.4913 12.4876 Future Value of an Annuity of 1 3% 4% 6% 8% Period 10 8.5302 8.1109 7.3601 6.7101 11.4639 12.0061 13.1808 14.4866 Alicia gets a yearly alimony payment from her ex-husband and wants to save enough to put a 20% down payment on a home in 3 years. Median homes go for $650,000 and are expected to appreciate at the inflation rate of 3%. How much should Alicia put away into an investment each year if she can get a 6% return a year? О $44.621 O $26,223 О $21.961 О $53,144

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. E AutoSum ー E ゴWrap Text в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard Alignment Number Cells Edting CU178 CR CS CT CU CV CW CX CY CZ DA DB DC 166 167 168 169 170 ALICIA VALUE OF HOUSE DOWN PAYMENT = 20% ALIMONY 710272.55 [ 650000*(1+0.03)^3] (3 % INFLATION) 14205451 [ 20% X 710272.551 PRESENT VALUE OF ANNUITY-PMT X PVI FA @ 6%, 3 YEARS 142054.51 PMT X 2.673 PMT SEE THE TABLE GIVEN IN SUM] 172 173 174 175 176 53144.22 -142054.51/2.673] ANSWER = 53144 178 179 180 181 182 183 184、5 /4 | CAL CULATOR LOAN OPTIONS CAP STRU VALUE BOX DILUTION DOLLAR COST AVGMORTGAGE EXPO Sheeti Sheet2 ShelI rences: x261 福 130% 11:06 16-01-2019

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