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Use the table below to answer the following question: Present Value of an Annuity of 1...

Use the table below to answer the following question: Present Value of an Annuity of 1 Future Value of an Annuity of 1 Period 3% 4% 6% 8% 3% 4% 6% 8% 3 2.8286 2.7751 2.6730 2.5771 3.0909 3.1216 3.1836 3.2464 4 3.7171 3.6299 3.4651 3.3121 4.1836 4.2465 4.3746 4.5061 5 4.5797 4.4518 4.2124 3.9927 5.3091 5.4163 5.6371 5.8666 6 5.4172 5.2421 4.9173 4.6229 6.4684 6.6330 6.9753 7.3359 7 6.2303 6.0021 5.5824 5.2064 7.6625 7.8983 8.3938 8.9228 8 7.0197 6.7327 6.2098 5.7466 8.8923 9.2142 9.8975 10.6366 9 7.7861 7.4353 6.8017 6.2469 10.1591 10.5828 11.4913 12.4876 10 8.5302 8.1109 7.3601 6.7101 11.4639 12.0061 13.1808 14.4866 Alicia gets a yearly alimony payment from her ex-husband and wants to saves enough to put a 20% down payment on a home in 3 years. Median homes go for $650000. How much should Alicia put away into an investment each year if she can get a 6% return a year?

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