Ronnie Cox has just inherited $27,000. How much of this money should he set aside today to have $18,000 to pay cash for a Ventura Van, which he plans to purchase in one year? He can invest at 1.3% annually, compounded annually. The amount of money to be set aside is S. (Round to the nearest cent as needed.)

Debra Moore needs $20,000 3 years from now. How much should she invest today in order to reach her goal if she can earn an annual rate of 6% compounded semiannually? Round answers to the nearest dollar.

Suppose a husband wants to take his wife on a trip three years from now to Europe to celebrate their 40th anniversary. He has just received a $24,000 inheritance from an uncle and intends to invest it for the trip. The husband estimates the trip will cost $31,000 and he believes he can earn 8% interest, compounded annually, on his investment. Complete the following table to calculate the future value. Will he be able to pay for the trip with the accumulated investment amount? Note: Use tables, Excel, or a financial calculator. Round your final answers to the nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

Brian would like to accumulate $130,000 for his retirement in 9 years. If he is promised a rate of 4.32% compounded semi-annually by his local bank, how much should he invest today? Round to the nearest cent

AI Derover wants to buy a used jeep in five years. He estimates the cost will be $13,000 If he invests $8,500 now at a rate of 10% compounded semiannually, will he have enough money to buy the jeep at the end of five years? Show your work (Round your answer to the nearest cent.) Yes he will have 13,845 60

Mickey & Minnie have $47 million in cash. Before they retire, they want the $47 million to grow to $112 million. How many years before Mickey & Minnie can retire if they earn 11.0% per annum on their stash of cash? Assume annual compounding. (Enter your answer in years to 2 decimal places, e.g., 12.34)