formula approach?

Begin by selecting the future value formula.

$PV(1+\frac{\text{I}}{Y}{)}^{{?}^{{?}^{?}}}N$

Now, compute the future value of the single sum using the future value formula. $($Use factor amounts rounded to four decimal places, X$.$XXXX$.$ Round your final answer to the nearest whole dollar.$)$

The future value of the single sum is