Exercise C-4 (Algo) Calculate the future value of a single amount (LO C-2) You are saving for a new boat. You place $55,000 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 \$1. PV of \$1. EVA of S1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.)