Aubrey deposits $550 at the beginning of each year into a bank account that pays 6% interest. At the end of 13 years, how much does she have in this account? Time Valie of Money ITVMI Framework - cN compounding - N number of time periods - iN interest rate - PVN present value or the amount at time t=0 - PMTN annuity value - FV n future value or the amount at the end or final time period - type " "ordinary annuity" = PMT at beginning of each period vs "annuity due" = PMT at end of each period - CPT the value that is computed What Excel function and arguments to that function would you use to compute this value? =function( rate, nper. pmt. [PV], [type]) What is the compounding factor that would be used to compute the growth of the principal after one year