$40,000 is put in a savings account paying interest of 4% compounded annually. How much will be in the account at the end of 5 years? Show calculations. Future Value of $1 Per. 1% 2% 3% 5% 6% 7% 8% 9% 10% 11% 12% 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.110 1. 120 2 1 020 1.040 1.061 1 082 1 103 1.124 1.145 1.166 1.188 1 210 1.232 1 254 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.368 1.405 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.518 1.574 5 1051 1.104 1.159 1 217 1.276 1 338 1.403 1.469 1.539 1.611 1 685 1 762 6 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.870 1 974 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2076 2 211 8 1.083 1.172 1.267 1 369 1477 1.594 1.718 1.851 1.993 2.144 2.305 2.476 9 1.094 1.195 1.305 1.423 1.551 1 689 1.838 1.999 2.172 2.358 2.558 2.773 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 2.839 3.106 18 1.196 1.428 1.702 2 026 2.407 2.854 3.380 3.996 4.717 5.560 6.544 7.690 Future Value of an ordinary Annuity of $1 per period Per 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2 2010 2.020 2.030 2040 2.050 2.060 2.070 2.080 2.090 2.100 2.110 2.120 3 3030 3.060 3.091 3 122 3 153 3.184 3.215 3.246 3.278 3.310 3.342 3.374 4 4.060 4.122 4.184 4.246 4.310 4.375 4 440 4.506 4.573 4.641 4.710 4.779 5 5 101 5.204 5.309 5416 5526 5.637 5.751 5 867 5.985 6.105 6 228 6.353 6 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7336 7.523 7.716 7.913 8.115 7 7214 7.434 7.662 7 898 8.142 8.394 8654 8.923 9.200 9.487 9.783 10.089 8 8 286 8.583 8.892 9 214 9.549 9 897 10 200 10 637 11.028 11.436 11 859 12 300 9 9369 9.755 10.159 10 583 11.027 11 491 11.978 12.488 13.021 13.579 14.164 14 776 10 10.462 10.950 11.464 12 006 12.578 13.181 13.816 14.487 15.193 15.937 16.722 17.549 1