4. Doris plans to save $4,000 per year for the next 31 years. Her money will be deposited in a stock market index fund that has a 0.4% annual management fee. If this fund earns 5% per year, how much will Doris save by investing in this fund instead of an actively managed mutual fund that has a 1% annual fee? Compute your answer as a future amount at the end of year 31. Assume that payments are made at the end of year. 3 Click the icon to view the interest and annuity table for discrete compounding when i = 5% per year. The future equivalent of savings amount at the end of year 31 is $ thousand. (Round to two decimal places.) 3: More Info Discrete Compounding; i = 5% Single Payment Uniform Series Compound Compound Amount Present Amount Present Factor Worth Factor Factor Worth Factor Sinking Fund Factor Capital Recovery Factor To Find F To Find P To Find F To Find P To Find A Given P Given F Given A Given A Given F To Find A Given P N F/P P/F F/A A/F A/P 3333333333 31 4.5380 0.2204 70.7608 15.5928 0.0141 0.0641 32 4.7649 0.2099 75.2988 15.8027 0.0133 0.0633 5.0032 0.1999 80.0638 16.0025 0.0125 0.0625 34 5.2533 0.1904 85.0670 16.1929 0.0118 0.0618 35 5.5160 0.1813 90.3203 16.3742 0.0111 0.0611 36 5.7918 0.1727 95.8363 16.5469 0.0104 0.0604 37 6.0814 0.1644 101.6281 16.7113 0.0098 0.0598 38 6.3855 0.1566 107.7095 16.8679 0.0093 0.0593 39 6.7048 0.1491 114.0950 17.0170 0.0088 0.0588 40 7.0400 0.1420 120.7998 17.1591 0.0083 0.0583