Exercise C-4 (Algo) Calculate the future value of a single amount (LO C-2) You are saving for a new boat. You place $60,000 in an investment account today that earns 7% compounded annually. How much will be in the account after (a) three years, (b) four years, or (c) five years? (FV of \$11, PV of \$1, EVA of S1, and PVA of \$1) (Use tables, Excel, or a financial calculator, Round your answers to 2 decimal places.) Table 1 Future Value of 51 FV=1!1+m Table 2 Present Value of \$1 PV=$1/(1+i)n F+k=31[1+if1A Table 4 Present Valoe of an Ordinary Annuity of $1 PVA=11(1+ihi