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Davis Depot invested $ 1 1 , 5 0 0 in a savings account paying 5 % interest on January 1 , 2 0 2

Davis Depot invested $11,500 in a savings account paying 5% interest on January 1,2025, to accumulate funds to buy a new forklift on January 1,2030. What amount will be in the savings account as of January 1,2030?(For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g.,52.75).)
Table 1: Future Value of a Single Amount
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