Homework Saved Help Save & Exit Submit Check my work Ronald has an investment opportunity that promises to pay him $48,000 in five years. He could earn a 8% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (FV of $1. PV of S1. EVA of $1, and PVA of $1 (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Present value UWUIR S Help Save & Ext Sube Check my work Tom and Suri decide to take a worldwide cruise. To do so, they need to save $21.000. They plan to invest $3100 at the end of each year for the next seven years to earn 8% compounded annually. 1-a. Calculate the future value of the investment. (FV of $1. PV of $1. FVA of $1, and PVA of $13 (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Future value 1-b. Will Tom and Suri reach their goal of $21,000 in seven years? O Yes No Next > 6 of 25 10 of 25 13 of 25 10