For the following question, identify the components and then calculate the future value.

Alyssa deposits $$400\mathrm{.}00$ at the end of each month into a savings account that earns $13\mathrm{.}2\%$ compounded monthly for $17$ years.

a$)$ Identify the value of $PV,PMT,R,T,i,$ and $n.$ Record those values in the appropriate blocks below. Besure to enter $R$ as a percent and $i$ as a decimal and not as a percentage.

$PV=$

$PMT=$$

$R=$ubrace$(1$ubrace${)}_{1}0$

$T=$ years

number of periods per year $=$

$i=$

$$

$n=$

$$

b$)$ Fill in the values into the compound interest formula.

$FV=$

$$

Your answer that you type above should look something like

$FV=2500*\frac{(1+\mathrm{.}01{)}^{12}-1}{0\mathrm{.}02}$

c$)$ Calculate the future value. Round your final answer to two decimal places.

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