Question: 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

Tom and Suri decide to take a worldwide cruise. To do

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? Complete this question by entering your answers in the tabs below. Calculate the future value of the investment. (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)

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