Question: 4 Please fill in exactly the same way as this form Suppose a husband wants to take his wife on a trip three years from

4 Please fill in exactly the same way as this form

Suppose a husband wants to take his wife on a trip three years from now to Europe to celebrate their 40 th anniversary. He has just received a $22,000 inheritance from an uncle and intends to invest it for the trip. The husband estimates the trip will cost $27,500 and he believes he can earn 7% 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 financial calculator. Round your final answers to the nearest whole dollar amount. (FV of $1, PV of $1. FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1 1)

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