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Alice Longtree has decided to invest $350 quarterly for 4 years in an ordinary annuity at 8%. As her financial adviser, calculate for Alice the
Alice Longtree has decided to invest $350 quarterly for 4 years in an ordinary annuity at 8%. As her financial adviser, calculate for Alice the total cash value of the annuity at the end of year 4 . (Please use the following provided Table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Future value interest factor of an ordinary annuity of $1 per period at i% for n periods, FVIFA(i,n). \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 0.5% & 1.0% & 1.5% & 2.0% & 2.5% & 3.0% & 3.5% & 4.0% & 4.5% & 5.0% & 5.5% & 6.0% & 6.5% & 7.0% & 7.5% & 8.0% & 8.5% & 9.0% & 95% & 10.0% \\ \hline 1 & .0000 & 0000 & 0000 & 1.0000 & 0000 & 0000 & 0000 & .0000 & .0000 & 0000 & .0000 & .0000 & 1.0000 & 1.0000 & 1.0000 & 1.0000 & 1.0000 & 1.0000 & 1.0000 & 1.0000 \\ \hline 2 & .0050 & 2.0100 & 2.0150 & 2.0200 & 2.0250 & 20300 & 0350 & .0400 & .0450 & 20500 & 2.0550 & 2.0600 & 2.0650 & 2.0700 & 2.0750 & 2.0800 & 2.0850 & 2.0900 & 2.0950 & 2.1000 \\ \hline 3 & 0150 & 3.0301 & 3.0452 & 3.0604 & 3.0756 & 30909 & 3.1062 & 3.1216 & 3.1370 & 3.1525 & 3.1680 & 3.1836 & 3.1992 & 3.2149 & 3.2306 & 3.2464 & 3.2622 & 3.2781 & 3.2940 & 3.3100 \\ \hline 4 & 0301 & 4.0604 & 4.0909 & 4.1216 & 4.1525 & 4.1836 & 4.2149 & .2465 & 2782 & 3101 & 4.3423 & 3746 & 4.4072 & 4.4399 & 4.4729 & 4_5061 & .5395 & .5731 & 4.6070 & 4.6410 \\ \hline 5 & 0503 & 5.1010 & 5.1523 & 5.2040 & 5.2563 & 5.3091 & 3625 & 4163 & .4707 & 5.5256 & 5.5811 & 5.6371 & 5.6936 & 5.7507 & 5.8084 & 5.8666 & 5.9254 & 5.9847 & 6.0446 & 6.1051 \\ \hline 6 & .0755 & 6.1520 & 6.2296 & 6.3081 & 6.3877 & 6.4684 & 6.5502 & 6.6330 & 6.7169 & 6.8019 & 6.8881 & 6.9753 & 7.0637 & 7.1533 & 7.2440 & 7.3359 & 7.4290 & 7.5233 & 7.6189 & 7.7156 \\ \hline 7 & 7.1059 & 7.2135 & 7.3230 & 7.4343 & 7.5474 & 7.6625 & 7.7794 & 7.8983 & 8.0192 & 8.1420 & 8.2669 & 8.3938 & 8.5229 & 8.6540 & 8.7873 & 8.9228 & 9.0605 & 9.2004 & 9.3426 & 9.4872 \\ \hline 8 & 8.1414 & 8.2857 & 8.4328 & 8.5830 & 8.7361 & 8.8923 & 9.0517 & 9.2142 & 9.3800 & 9.5491 & 9.7216 & 9.8975 & 10.0769 & 10.2598 & 10.4464 & 10.6366 & 10.8306 & 11.0285 & 11.2302 & 11.4359 \\ \hline 9 & 9.1821 & 9.3685 & 9.5593 & 9.7546 & 9.9545 & 10.1591 & 10.3685 & 10.5828 & 10.8021 & 11.0266 & 11.2563 & 11.4913 & 11.7319 & 11.9780 & 12.2298 & 12.4876 & 12.7512 & 13.0210 & 13.2971 & 13.5795 \\ \hline 10 & .2280 & 10.4622 & 10.7027 & 10.9497 & 11.2034 & 11.4639 & 11.7314 & 12.0061 & 12.2882 & 12.5779 & 12.8754 & 13.1808 & 13.4944 & 13.8164 & 14.1471 & 14.4866 & 14.8351 & 15.1929 & 15.5603 & 15.9374 \\ \hline 11 & .2792 & 11.5668 & 11.8633 & 12.1687 & 2.4835 & 12.8078 & 3.1420 & 3.4864 & 3.8412 & 14.2068 & 14.5835 & 14.9716 & 15.3716 & 15.7836 & 16.2081 & 16.6455 & 17.0961 & 17.5603 & 18.0385 & 18.5312 \\ \hline 12 & 2.3356 & 12.6825 & 13.0412 & 13.4121 & 13.7956 & 14.1920 & 14.6020 & 15.0258 & 15.4640 & 15.9171 & 16.3856 & 16.8699 & 17.3707 & 17.8885 & 18.4237 & 18.9771 & 19.5492 & 20.1407 & 20.7522 & 21.3843 \\ \hline 13 & 13.3972 & 13.8093 & 14.2368 & 14.6803 & 15.1404 & 15.6178 & 16.1130 & 16.6268 & 17.1599 & 17.7130 & 18.2868 & 18.8821 & 19.4998 & 20.1406 & 20.8055 & 21.4953 & 22.2109 & 22.9534 & 23.7236 & 24.5227 \\ \hline 14 & 14.4642 & 14.9474 & 15.4504 & 15.9739 & 16.5190 & 17.0863 & 17.6770 & 18.2919 & 18.9321 & 19.5986 & 20.2926 & 21.0151 & 21.7673 & 22.5505 & 23.3659 & 24.2149 & 25.0989 & 26.0192 & 26.9774 & 27.9750 \\ \hline 15 & 15.5365 & 16.0969 & 16.6821 & 17.2934 & 17.9319 & 18.5989 & 19.2957 & 20.0236 & 20.7841 & 21.5786 & 22.4087 & 23.2760 & 24.1822 & 25.1290 & 26.1184 & 27.1521 & 28.2323 & 29.3609 & 30.5402 & 31.7725 \\ \hline 16 & 6.6142 & 17.2579 & 17.9324 & 18.6393 & 19.3802 & 20.1569 & 20.9710 & 21.8245 & 22.7193 & 23.6575 & 24.6411 & 25.6725 & 26.7540 & 27.8881 & 29.0772 & 30.3243 & 31.6320 & 33.0034 & 34.4416 & 35.9497 \\ \hline 17 & 17.6973 & 18.4304 & 19.2014 & 20.0121 & 20.8647 & 21.7616 & 22.7050 & 23.6975 & 24.7417 & 25.8404 & 26.9964 & 28.2129 & 29.4930 & 30.8402 & 32.2580 & 33.7502 & 35.3207 & 36.9737 & 38.7135 & 40.5447 \\ \hline 18 & 8 & 19 & 20 & 21 & 33 & 44 & 7 & 4 & .8551 & 24 & 12 & 57 & 32.4101 & 33.9990 & 74 & 502 & 230 & 013 & 913 & 5992 \\ \hline 19 & 19.8797 & 20.8109 & 21.7967 & 22.8406 & 23.9460 & 25.1169 & 26.3572 & 27.6712 & 29.0636 & 30.5390 & 32.1027 & 33.7600 & 35.5167 & 37.3790 & 39.3532 & 41.4463 & 43.6654 & 46.0185 & 48.5135 & 51.1591 \\ \hline 20 & 20.9791 & 22.0190 & 23.1237 & 24.2974 & 25.5447 & 26.8704 & 28.2797 & 29.7781 & 31.3714 & 33.0660 & 34.8683 & 36.7856 & 38.8253 & 40.9955 & 43.3047 & 45.7620 & 48.3770 & 51.1601 & 54.1222 & 57.2750 \\ \hline 21 & 22.0840 & 23.2392 & 24.4705 & 25.7833 & 27.1833 & 28.6765 & 30.2695 & 31.9692 & 33.7831 & 35.7193 & 37.7861 & 39.9927 & 42.3490 & 44.8652 & 47.5525 & 50.4229 & 53.4891 & 56.7645 & 60.2638 & 64.0025 \\ \hline 22 & .1944 & .4716 & 25.8376 & 27.2990 & 28.8629 & 30.5368 & 32.3289 & 34.2480 & 36.3034 & 38.5052 & 40.8643 & 43.3923 & 46.1016 & 49.0057 & 52.1190 & 55.4568 & 59.0356 & 62.8733 & 66.9889 & 71.4027 \\ \hline 23 & & & & & & & & & & & & & & & & & & & & 430 \\ \hline 24 & .4320 & 26.9735 & 29.6335 & 30.4219 & 90 & .4265 & 5.6665 & 9.0926 & 1.6992 & 44.5020 & 390 & 50.9156 & 54.3546 & 59.1767 & 62.3050 & 66.7649 & 71.5932 & 76.79Q9 & 92.4164 & 99.4973 \\ \hline 25 & 26.5591 & 28.2432 & 30.0630 & 32.0303 & 34.1578 & 36.4593 & 38.9499 & 41.6459 & 44.5652 & 47.7271 & 51.1526 & 54.8645 & 58.8877 & 63.2490 & 67.9779 & 73.1059 & 78.6678 & 84.7009 & 91.2459 & 98.3471 \\ \hline 26 & 27.6919 & 29.5256 & 31.5140 & 33.6709 & 36.0117 & 38.5530 & 41.3131 & 44.3117 & 47.5706 & 51.1135 & 54.9660 & 59.1564 & 63.7154 & 68.6765 & 74.0762 & 79.9544 & 86.3546 & 93.3240 & 100.9143 & 109.1818 \\ \hline 27 & 28.8304 & 30.8209 & 32.9867 & 35.3443 & 37.9120 & 40.7096 & 43.7591 & 47.0842 & 50.7113 & 54.6691 & 58.9891 & 63.7058 & 68.8569 & 74.4838 & 80.6319 & 87.3508 & 94.6947 & 102.7231 & 111.5012 & 121.0999 \\ \hline 28 & 9745 & 2.1291 & 34.4815 & 37.0512 & 39.8598 & 42.9309 & 46.2906 & 49.9676 & 53.9933 & 58.4026 & 63.2335 & 68.5281 & 74.3326 & 80.6977 & 87.6793 & 95.3388 & 103.7437 & 112.9682 & 123.0938 & 134.2099 \\ \hline 29 & 31.1244 & 33.4504 & 35.9987 & 38.7922 & 41.8563 & 45.2189 & 48.9108 & 52.9663 & 57.4230 & 62.3227 & 67.7114 & 73.6398 & 80.1642 & 87.3465 & 95.2553 & 103.9659 & 113.5620 & 124.1354 & 135.7877 & 148.6309 \\ \hline 30 & 32.2800 & 34.7849 & 37_5387 & 40.5681 & 43.9027 & 47.5754 & 51.6227 & 56.0849 & 61.0071 & 66.4388 & 72.4355 & 79.0582 & 86.3749 & 94.4608 & 103.3994 & 113.2832 & 124.2147 & 136.30?5 & 149.6875 & 164.4940 \\ \hline 31 & 33.4414 & 36.1327 & 39.1018 & 42.3794 & 46.0003 & 50.0027 & 54.4295 & 59.3283 & 64.7524 & 70.7608 & 77.4194 & 84.8017 & 92.9892 & 102.0730 & 112.1544 & 123,3459 & 135.7730 & 149.5752 & 164.9078 & 181.9434 \\ \hline 32 & 34.6086 & 37.4941 & 40.6883 & 44.2270 & 48.1503 & 52.5028 & 57.3345 & 62.7015 & 68.6662 & 75.2988 & 82.6775 & 90.8898 & 100.0335 & 110.2182 & 121.5659 & 134.2135 & 148.3137 & 164.03?0 & 181.5741 & 201.1378 \\ \hline 33 & 7817 & 8690 & 42.2986 & 46.1116 & 50.3540 & 55.0778 & .3412 & .2095 & 2.7562 & 80.0638 & 8.2248 & 7.3432 & 07.5357 & 118.9334 & 131.6834 & 145.9506 & 161.9203 & 179.8003 & 199.8236 & 222.2515 \\ \hline 34 & .9606 & 40.2577 & 43.9331 & 48.0338 & 52.6129 & 57.7302 & 63.4532 & 69.8579 & 77.0303 & 85.0670 & 94.0771 & 104.1838 & 115.5255 & 128.2588 & 142.5596 & 158.6267 & 176.6836 & 196.9823 & 219.8068 & 245.4767 \\ \hline 35 & 8.1454 & 41.6603 & 45.5921 & 49.9945 & 54.9282 & 60.4621 & 66.6740 & 73.6522 & 81.4966 & 90.3203 & 100.2514 & 111.4348 & 124.0347 & 138.2369 & 154.2516 & 172.3168 & 192.7017 & 215.7108 & 241.6885 & 271.0244 \\ \hline 36 & 39.3361 & 43.0769 & 47.2760 & 51.9944 & 57.3014 & 63.2759 & 70.0076 & 77.5983 & 86.1640 & 95.8363 & 106.7652 & 119.1209 & 133.0969 & 148.9135 & 166.8205 & 187.1021 & 210.0813 & 236.1247 & 265.6489 & 299.1268 \\ \hline 37 & 40.5328 & 44.5076 & 48.9851 & 54.0343 & 59.7339 & 66.1742 & 73.4579 & 81.7022 & 91.0413 & 101.6281 & 113.6373 & 127.2681 & 142.7482 & 160.3374 & 180.3320 & 203.0703 & 228.9382 & 258.3759 & 291.8855 & 330.0395 \\ \hline 38 & 41.7354 & 45.9527 & 50.7199 & 56.1149 & 62.2273 & 69.1594 & 77.0289 & 85.9703 & 96.1382 & 107.7095 & 120.8873 & 135.9042 & 153.0269 & 172.5610 & 194.8569 & 220_3159 & 249.3980 & 282.6298 & 320.6147 & 364.0434 \\ \hline 39 & 2.9441 & 47.4123 & 52.4807 & 58.2372 & 4.7830 & 72.2342 & 80.7249 & 90.4091 & 101.4644 & 114.0950 & 128.5361 & 145.0585 & 163.9736 & 185.6403 & 210.4712 & 238.9412 & 271.5968 & 309.0665 & 352.0731 & 401.4478 \\ \hline 40 & 4.1588 & 48.8864 & 54.2679 & 60.4020 & 7.4026 & 75.4013 & 84.5503 & 95.0255 & 107.0303 & 20.7998 & 136.6056 & 154.7620 & 175.6319 & 199.6351 & 227.2565 & 259.0565 & 295.6825 & 337.8824 & 386.5200 & 442.5926 \\ \hline 41 & 45.3796 & 50,3752 & 56.0819 & 62.6100 & 70.0876 & 78.6633 & 88.5095 & 99.8265 & 112.8467 & 127.8398 & 145.1189 & 165.0477 & 188.0480 & 214.6096 & 245.3008 & 280.7810 & 321.8156 & 369.2919 & 424.2394 & 487.8518 \\ \hline 42 & 46.6065 & 51.8790 & 57.9231 & 64.8622 & 72.8398 & 82.0232 & 92.6074 & 104.8196 & 118.9248 & 135.2318 & 154.1005 & 175.9505 & 201.2711 & 230.6322 & 264.6983 & 304.2435 & 350.1699 & 403.5281 & 465.5421 & 537.6370 \\ \hline 43 & 47.8396 & 53.3978 & 59.7920 & 67.1595 & 75.6608 & 85.4839 & 96.8486 & 110.0124 & 125.2764 & 142.9933 & 163.5760 & 187.5076 & 215.3537 & 247.7765 & 285.5507 & 329.5830 & 380.9343 & 440.8457 & 510.7686 & 592.4007 \\ \hline 44 & 49.0788 & 54.9318 & 61.6889 & 69.5027 & 78.5523 & 89.0484 & 101.2383 & 115.4129 & 131.9138 & 151.1430 & 173.5727 & 199.7580 & 230.3517 & 266.1209 & 307.9670 & 356.9496 & 414.3137 & 481.5218 & 560.2917 & 652.6408 \\ \hline 45 & 50.3242 & 56.4811 & 63.6142 & 71.8927 & 81.5161 & 92.7199 & 105.7817 & 121.0294 & 138.8500 & 159.7002 & 184.1192 & 212.7435 & 246.3246 & 285.7493 & 332.0645 & 386_5056 & 450.5304 & 525.8587 & 614.5194 & 718.9048 \\ \hline 46 & 51.5758 & 58.0459 & 65_5684 & 74.3306 & 84.5540 & 96.5015 & 110.4840 & 126.8706 & 146.0982 & 168.6852 & 195.2457 & 226.5081 & 263.3357 & 306.7518 & 357.9694 & 418.4261 & 489.8255 & 574.1860 & 673.8987 & 791.7953 \\ \hline 47 & 52.8337 & 59.6263 & 67_5519 & 76.8172 & 87.6679 & 100.3965 & 115.3510 & 132.9454 & 153.6726 & 178.1194 & 206.9842 & 241.0986 & 281.4525 & 329.2244 & 385.8171 & 452.9002 & 532.4606 & 626.8628 & 738.9191 & 871.9749 \\ \hline 48 & 54.0979 & 61.2226 & 69.5652 & 79.3535 & 90.9596 & 104.4094 & 120.3993 & 139.2632 & 161.5979 & 199.0254 & 219.3694 & 256.5645 & 300.7A^169 & 353.2701 & 415.7533 & 490.1322 & 579.7199 & 694.2904 & 910.1164 & 960.1723 \\ \hline 49 & 55.3683 & 62.8348 & 71.6087 & 81.9406 & 94.1311 & 108.5406 & 125.6018 & 145.8337 & 169.8594 & 198.4267 & 232.4336 & 272.9584 & 321.2955 & 378.9990 & 447.9348 & 530_3427 & 628.9110 & 746.8656 & 888.0775 & 1,057.1896 \\ \hline 50 & 56.6452 & 64.4632 & 73.6828 & 84.5794 & 97.4843 & 112.7969 & 130.9979 & 152.6671 & 178.5030 & 2093480 & 246.2175 & 290.3359 & 343.1797 & 406.5289 & 482.5299 & 573.7702 & 683.3684 & 815.0836 & 973.4448 & 1,163.9085 \\ \hline \end{tabular}
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