Question: You just found out that you had a very eccentric uncle who lived quietly in Manhattan. He left you $25,000. You just saw the

You just found out that you had a very eccentric uncle who lived quietly in Manhattan. He left you $25,000. You just saw the

You just found out that you had a very eccentric uncle who lived quietly in Manhattan. He left you $25,000. You just saw the movie The Bucket List and have decided that you want to put some money away so that in 10 years, you can start fulfilling items on that list. With whatever money you have left, you'll pay off some bills. You have found an investment instrument that will pay 5% interest annually. Use the scenarios along with the following factor table data to answer each of the questions. Note that the complete Future Value and Future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text. interest Rate Year 3% 5% 7% 8% 9% 6 .837 .746 .666 .630 .596 8 .789 .677 .582 .540 .502 10 .744 614 508 463 422 12 .701 .557 444 .397 .356 15 642 481 .362 .315 .275 20 554 377 258 215 178

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