FV=PV(1+i)tFV=PV(1+i)nFV=PVn(1+i)FV=(PVi)n Use either the table of future value factors, your financial calculator, or the future value formula to answer the questions that follow. Teresa On Teresa's first birthday, her parents deposited $12,000 Into a savings account that earns a fixed rate of 8.50% and compounds interest annually. By Teresa's 21st birthday, her account will have accumulated . (Hint: Round your answer to the nearest cent.) What-If Scenario If Teresa's parents had waited until her 10 th birthday to make their initial deposit of $12,000 into the same account, by Teresa's 21 st birthday, the balance would have been . (Hint: Round your answer to the nearest cent.)