K This question: 5 point(s) possible compounded quarterly? Submit test Bob estimates that his daughter's college needs, beginning in 8 years, will be $3400 at the end of each quarter for 4 years. (a) Find the total amount needed in 8 years, assuming 10% compounded quarterly (b) Will he have enough money available in 8 years if he invests $1 100 at the end of each quarter for the ned 8 years at 10% Click here to view page 1 of the present value of an annuity table Click here to view page 2 of the present value of an annuity table. Click here to view the amount of an annuity table. (a) The total amount needed in 8 years is approximately $ Round to the nearest cent as needed.) (b) if Bob invests $1100 at the end of each quarter for 8 years, will he have enough money? O No O Yes Page 2 of the present value of an annuity table - X Present Value of Annuity Table m Interest rate per period (1) period (0 ) 1 - 9 2% 2- 3% 4% 6%% 8% 109 22 79520386 2 21.39883172 20.12103576 18.95081114 17 8768-4242 15.98276918 14.37518530 13.00316818 10 80997795 9.16094547 23.55960759 22.00761746 20.70689780 19.48401097 18.32703147 16.32958575 5 14.64303302 13 21093414 10.93518477 9.23722316 28 24 37644316 22.72671871 21.28127236 19.9548886 18 784 10823 16.66508322 14 89812720 13.40816428 11.05107848 9.30656851 25.06578530 23.97607558 20.45354991 18. 18845459 16.98371463 16.14107358 13.59072102 11.15840601 8 36960591 25.80770822 22 39645955 20.9302 19.60044 135 17 29203330 0 19.37245103 13.76483176 11.25778334 9 42691447 26.54221537 2 22.93770152 20.00042843 17 58849356 1 16 59281050 13.92908599 11.34979939 9.47801315 27 2695894 23,46833482 17 87355150 15.80267867 14,08404339 11.43499944 9.52837559 27.9896925 25.8789 5 22 2918809 18.14764567 16.00254921 14.23022961 11.51388837 9 56843236 28.70265589 26.4817 22.72378828 18.41119776 16.18290409 14.36814114 11 59893307 9.60857487 29.4 27.07 23.14515734 21.48722007 18.654613 16.37419429 14.46824638 15 85456822 9.644 15897 30.10750 .55625107 29 83225250 16.94685171 14.62098719 11.71719270 9 87650816 30.79950 731812 22. 16723544 18.71128734 14.73678031 9.70591851 31 ABABE 22 49248139 14 84601916 9.73265137 32.16303298 22 80821513 19.58448484 17.017050 15 87858240 9.75695579 32 83468611 23. 11477197 19.79277398 15.04629687 11.92461333 9.77905072 33.45 30 45 19.89305181 15. 13801592 $1 96723457 ZOLE1 682 6 30.9840 20.18562674 15.22454332 12 0036918 9.81739728 1.52123157 28 68 23.98190213 20.37079494 17 54591198 15.303 17294 12.04323951 83399753 LOEBBELO BZ 24 25427392 20.54084129 17 68277931 1538318202 12.07707352 9 84908807 36.09450844 8 29.49 24.5187125 4 20.72603970 17 77406982 12. 10840150 9.86280788 6.72723608 29 89231360 27 15416062 24.77544907 20.8846535S 15.5243 12 13740880 9.87527989 37.35 33.5 30.28658196 27 48748256 25 02470783 21.04293012 17.98101571 1 1 15.58902821 12.16426741 9.88561808 37.97 34 04255385 30.673:1957 27 77316371 25.28670684 21 16513088 18.07715782 15.65002661 12.18913849 $626068 6 18 58807871 34 52468339 31.05207801 28 07136947 25 50165693 21.34147200 18.16872173 15.70757227 7 12 21210341 9.90829594 34.89968807 2 18 25592546 15.78186064 12 28348464 9.9148 1449 39 19811753 31 42460589 28 36231168 25.72578401 21.48218462 Print Done Time Remaining: 01:11:12 Show work Next