Exercise C-4 (Algo) Calculate the future value of a single amount (LO C-2) 3 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 $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) 2 points Print References a. b. C. Investment Interest Amount Rate $ 60,000 60,000 60,000 7% 7% 7% Compounding Annually Annually Annually Period Invested 3 years 4 years 5 years Future Value

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