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aunty paying $1,200 in interest on his credit cards annually. If, instead of paying interest, he saved this amount every year, how much would

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aunty paying $1,200 in interest on his credit cards annually. If, instead of paying interest, he saved this amount every year, how much would he accumulate in a tax-deferred account earning 7 percent over 11, 16. or 21 years? Click on the table icon to view the FVIFA table: If, instead of paying interest, this amount was saved every year in a tax-deferred account earning 7% over 11 years, the amount accumulated would be $ instead of paying interest, this amount was saved every year in a tax-deferred account earning 7% over 16 years, the amount accumulated would be $ instead of paying interest, this amount was saved every year in a tax-deferred account eaming 7% over 21 years, the amount accumulated would be $ (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.)

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