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Christy Reed has been depositing $3,100 in her savings account every December since 2001. Her account earns 5 percent compounded annually. How much will she

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Christy Reed has been depositing $3,100 in her savings account every December since 2001. Her account earns 5 percent compounded annually. How much will she have in December 2015? (Assume that a deposit is made in December of 2015 Make sure to count the years carefully.) Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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