Fufure Value Factors Future Value Formula On Kate's first birthday, her parents deposited $12,500 into a savings account that eams a foxed rate of 8.00% and compounds interest annually, By Kate's 23 rd birthday, her account will have accurnulated (Hint: Round your answer to the nearest cent.) What-1f Scenario If Kate's parents had waited until her 10 th birthday to make their initial deposit of $12,500 into the same account, by Kate's 23 red birthday, the balance would have been (Hint: Round your answer to the nearest cent.)