1) The Entrepreneurial class of the spring 2020 semester graduates from Slippery Rock University. As a result of hard lessons resulting from the economic downturn and the Covid-19 lockdown, at the age of 25 they start a retirement account. Each student places $5,000 in a 401k at the beginning of year one, $8,000 at the beginning of year two, $11,000 at the beginning of year three, $14,000 at the beginning of year four, and then $15,000 per year until they retire at the age of 60. If money earns 8 percent per year, how much will each student have in their retirement account at age 60?

Set up a table with proper labels for each column to show your answer. Age, Amount, FVF, & FV. Please show work.