6% 8% 9% TABLE 1 Future Value of 1 (n) Periods 4% 5% 0 1.00000 1.00000 1 1.04000 1.05000 2 1.08160 1.10250 3 1.12486 1.15763 4 1.16986 1.21551 5 1.21665 1.27628 1.00000 1.06000 1.12360 7% 1.00000 1.07000 1.14490 1.22504 1.00000 1.08000 10% 1.00000 1.10000 1.21000 12% 1.00000 1.12000 1.00000 1.09000 1.18810 1.29503 1.16640 11% 1.00000 1.11000 1.23210 1.36763 1.51807 1.68506 1.25440 15% 1.00000 1.15000 1.32250 1.52088 1.74901 2.01136 1.19102 1.25971 1.33100 1.40493 1.26248 1.31080 1.36049 1.41158 1.46410 1.57352 1.33823 1.40255 1.46933 1.53862 1.61051 1.76234 6 1.26532 1.67710 1.97382 1.34010 1.40710 1.41852 1.50363 1.50073 1.60578 1.58687 1.71382 1.77156 1.94872 7 1.31593 1.82804 1.87041 2.07616 2.30454 2.21068 8 1.47746 1.71819 1.85093 1.99256 2.14359 2.47596 1.36857 1.42331 1.48024 9 2.31306 2.66002 3.05902 3.51788 4.04556 1.59385 1.68948 1.79085 2.17189 2.35795 1.55133 1.62889 2.55803 1.83846 1.96715 1.99900 2.15892 2.77308 3.10585 10 2.36736 2.59374 2.83942 11 1.53945 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 1.89830 2.01220 12 1.60103 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 13 1.66507 1.71034 1.79586 1.88565 1.97993 2.07893 2.13293 2.40985 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 14 2.26090 4.31044 4.88711 1.73168 1.80094 2.57853 2.75903 2.93719 3.17217 3.34173 3.64248 3.79750 4.17725 7.07571 8.13706 15 2.39656 4.78459 5.47357 16 2.54035 4.59497 5.31089 6.13039 2.95216 3.15882 3.97031 4.32763 17 2.69277 3.42594 3.70002 3.99602 5.05447 5.89509 1.87298 1.94790 2.02582 2.10685 6.86604 2.18287 2.29202 2.40662 2.52695 9.35762 10.76126 12.37545 14.23177 18 2.85434 3.37993 4.71712 5.55992 6.54355 7.68997 19 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 20 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 16.36654 TABLE 2 Future Value of an Annuity of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Payments 1 1.00000 1.0000 1.00000 1.00000 1.00000 1.00000 1.00000 2.04000 1.00000 2.05000 2 2.06000 2.08000 2.09000 1.00000 2.10000 3.31000 2.0700 3.2149 1.00000 2.11000 3.34210 2.12000 2.15000 3.47250 3 3.12160 3.15250 3.18360 3.24640 3.27810 3.37440 4 4.24646 4.31013 4.37462 4.4399 4.50611 4.57313 4.64100 4.70973 4.77933 4.99338 5 5.41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 6 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 7.91286 8.11519 8.75374 7 7.89829 8.14201 8.39384 8,6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 8 9.21423 9.54911 9.89747 10.2598 10.63663 11.02847 11.43589 11.85943 12.29969 13.72682 9 10.58280 11.02656 11.49132 11.9780 12.48756 13.02104 13.57948 14.16397 14.77566 16.78584 10 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 15.93743 16.72201 17.54874 20.30372 11 17.56029 24.34928 13.48635 15.02581 14.20679 15.91713 14.97164 16.86994 15.7836 17.8885 16.64549 18.97713 18.53117 21.38428 19.56143 22.71319 20.65458 24.13313 12 20.14072 29.00167 13 16.62684 17.71298 18.88214 20.1406 21.49530 22.95339 24.52271 26.21164 28.02911 34.35192 14 19.59863 21.01507 22.5505 24.21492 26.01919 27.97498 30.09492 32.39260 40.50471 18.29191 20.02359 15 21.57856 23.27597 25.1290 27.15211 29.36092 31.77248 34.40536 37.27972 47.58041 16 33.00340 35.94973 40.54470 39.18995 44.50084 42.75328 48.88367 55.71747 65.07509 17 36.97351 18 21.82453 23.65749 23.69751 25.84037 25.64541 28.13238 27.67123 30.53900 29.77808 33.06595 25.67253 28.21288 30.90565 33.75999 36.78559 27.8881 30.8402 33.9990 37.3790 40.9955 30.32428 33.75023 37.45024 41.44626 45.76196 41.30134 45.59917 55.74972 75.83636 88.21181 19 46.01846 50.39593 56.93949 64.20283 51.15909 57.27500 63.43968 20 51.16012 72.05244 102.44358 TABLE 3 Present Value of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 1 .96154 .95238 .94340 .93458 .92593 91743 90909 .90090 .89286 .86957 2 .92456 .90703 .89000 .87344 .85734 .84168 .81162 .79719 .75614 .82645 .75132 3 .88900 .86384 .83962 .81630 .79383 .77218 .73119 .71178 .65752 4 .85480 .82270 .79209 .76290 .73503 .70843 .68301 .65873 .63552 .57175 5 .82193 .78353 .74726 .71299 .68058 .64993 .62092 .59345 .56743 49718 6 .79031 .74622 .70496 .66634 .63017 .59627 .56447 .53464 .50663 43233 7 .75992 71068 .66506 .62275 -58349 54703 .51316 .48166 .45235 37594 8 .73069 .67684 .62741 .54027 .50187 46651 .43393 40388 .32690 9 .70259 .64461 .59190 .58201 .54393 .50835 .50025 46043 .42410 .39092 .36061 .28426 .24719 10 .67556 .61391 55839 -46319 42241 .38554 .35218 .32197 11 .64958 .58468 .52679 .47509 .42888 .38753 35049 .31728 .28748 -21494 12 .62460 .55684 .49697 .44401 .39711 35554 .31863 28584 25668 .18691 13 .60057 .53032 .46884 .41496 .36770 .32618 .28966 25751 .22917 .16253 14 .57748 .50507 .44230 .38782 .34046 .29925 .26333 .23199 20462 .14133 15 .55526 48102 .41727 .36245 31524 27454 23939 20900 .18270 .12289 16 .53391 .29189 .18829 .16312 .45811 .43630 .33873 .31657 .25187 .23107 21763 .19785 17 .51337 27027 .16963 .14564 18 .49363 41552 .39365 .37136 .35034 .33051 .31180 29586 .25025 21199 .17986 .15282 .13004 .10687 .09293 .08081 .07027 06110 19 .47464 .23171 .19449 .16351 .13768 .39573 .37689 .27615 .25842 .11611 .10367 20 45639 21455 .17843 .14864 .12403 TABLE 4 Present Value of an Annuity of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Payments 1 .96154 .95238 .94340 .93458 .92593 91743 .90909 2 1.88609 1.83339 1.80802 1.78326 1.75911 .90090 1.71252 2.44371 .89286 1.69005 2.40183 3.03735 3 .86957 1.62571 2.28323 2.85498 2.77509 2.67301 1.85941 2.72325 3.54595 4.32948 2.57710 1.73554 2.48685 3.16986 2.53130 2.62432 3.38721 4 3.62990 3.46511 3.31213 3.23972 3.10245 5 4.45182 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 6 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 7 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 8 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 6.73274 7.43533 9 6.80169 6.51523 6.24689 5.99525 5.32825 7.10782 7.72173 5.75902 6.14457 5.53705 5.88923 4.48732 4.77158 5.01877 10 8.11090 7.36009 7.02358 6.71008 6.41766 5.65022 11 8.76048 8.30641 7.88687 6.20652 5.93770 5.23371 7.49867 7.94269 7.13896 7.53608 6.80519 7.16073 12 9.38507 8.86325 8.38384 6.49236 6.19437 5.42062 13 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 6.49506 6.81369 7.10336 7.36669 7.60608 6.74987 6.42355 5.58315 14 9.89864 9.29498 8.74547 8.24424 7.78615 6.98187 6.62817 5.72448 10.56312 11.11839 15 10.37966 9.71225 9.10791 8.55948 8.06069 7.19087 6.81086 5.84737 16 8.85137 7.37916 7.82371 8.02155 6.97399 7.11963 17 11.65230 12.16567 12.65930 13.13394 13.59033 10.83777 11.27407 11.68959 12.08532 12.46221 10.10590 10.47726 10.82760 11.15812 11.46992 8.31256 8,54363 8.75563 9.44665 9.76322 10.05909 10.33560 10.59401 9.12164 9.37189 18 7.54879 7.70162 5.95424 6.04716 6.12797 8.20141 7.24967 19 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 20 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 Edward and Ruth Garfield invested $9,000 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,000 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 14th birthday $