7. Problem 707 20 areas Problem 707 An investment will generate 55.000 a year for 20 years. If you can earn percent on your funds and the investment at $80,000, calculate the present value of investment. Use Appendixoto answer the question. Round your answer to the nearest dollar, 5 Should you by Catevate the present value of timent, if you could eam any percent. And to now the question and your owwer to the nearest dollar Shout you buy it in this case? NM Interest Factors for the Present Value of an Annuity of One Dollar Time Period (eg year) 2% 3% 5% 6% 7% 9% 10% 12% 14% 16% 18% 20% 24% 28% 32% 36% 1 0990 0,980 0,971 0.962 0.952 0.943 0.935 0.926 0.912 0.909 0.893 0.877 0.862 0.847 0833 0.806 0.781 0.758 0.735 1970 1942 1913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1,647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 3 2.9412.884 2.829 2.775 2.723 2673 2624 2.577 2.531 2487 2402 2.322 2.246 2.174 2106 1.981 1.868 1766 1674 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1966 5 4.853 4.713 4.580 4452 4.329 4212 4.100 3993 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2532 2345 2.181 65.795 5.601 5.417 5.242 5.076 4.917 4.766 4.623 4.486 4.355 4.111 3.889 3.685 3.498 3.326 3.020 2.759 2.534 2399 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4868 4564 4.288 4039 3.812 3.605 3.242 2937 2.678 2.455 8 2652 7.325 7020 6.733 6.463 6.210 5.971 5.7475.535 5335 4968 4639 4 344 4.078 3.837 3.421 3.076 2.786 2540 9 8.566 8.162 7.786 7435 7.108 6.802 6,515 6.247 5985 5.759 5.328 49464.607 4 303 4.031 3.566 3.184 2.868 2,603 10 9.471 8.983 8.530 8.111 2.722 7.360 7024 6710 6.418 6.145 5.650 5 216 4.833 4.494 4.193 3.682 3.269 2930 2.650 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6 805 6.495 5.988 5.453 5.029 4656 4.327 3.776 3.335 2.978 2.683 12 11.255 10.575 9.954 9.385 8.863 8.384 7943 7536 7.161 6.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3,013 2.708 13 12.134 11.348 10.635 9986 9.394 8.534 8.358 7904 7487 7103 6.424 5.842 5.342 4910 4.533 3.912 3.427 3.040 2.727 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7367 6 628 6.002 5.468 5.008 4.611 3.962 3459 3.061 2.740 15 13.865 12.849 11.938 11.118 10 380 9.712 9.108 8.559 8.060 7606 6,811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 16 14.718 13.578 12.561 11652 10.878 10.106 9.447 8.851 8.312 7824 6.974 6 265 5.669 5.162 4.730 4.003 3.503 3.088 2.758 17 15.562 14 292 13.166 12 166 11.274 10.477 9763 9.122 8544 8.00271206.372 5.749 5222 4775 4,059 3.518 3.097 2763 18 16.398 14992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 5 818 5.273 4812 4.080 3529 3.104 2.767 19 17.226 15.678 14 324 13.134 12.085 11.158 10.336 9.604 8950 8.365 2366 6550 5.877 5.316 4.844 4097 3539 3.109 2770 20 18.046 16.351 14 877 13.590 12.462 11.470 10.5949.818 9.128. 8514 7.469 6.623 5.929 5.353 4.870 4.110 3.546 3.113 2772 25 22.023 19.523 17 413 15 622 14.094 12783 11.654 10.675 9.823 9.077 7.843 6873 6.097 5.467 4 948 4.147 3564 3.122 2776 30 25.808 22.937 19.600 17.292 15 373 13.765 12 409 11.258 10.274 9.427 8.055 7003 6177 5517 4.979 4.160 3569 3.124 2.778