Question: Tom and Suri decide to take a worldwide cruise. To do so , they need to save $ 3 0 , 0 0 0 .

Tom and Suri decide to take a worldwide cruise. To do so, they need to save $30,000. They plan to invest $4,000 at the end of each year for the next seven years to earn 8% compounded annually.
Required:
1-a. Calculate the future value of the investment. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1-b. Will Tom and Suri reach their goal of $30,000 in seven years?

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