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Given below are the future value factors for 1 at 10% for one to five periods. Interest is compounded annually at 10%. Periods Future Value

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Given below are the future value factors for 1 at 10% for one to five periods. Interest is compounded annually at 10%. Periods Future Value of 1 at 10% 1 1.100 2 1.210 3 1.331 4 1.464 5 1.611 If $17000 is deposited in a savings account today, what amount will be available three years from today? $17000* 1.331 $17000+ 1.331 O $17000 x 1.100 x 3 ($17000 1.100)+($17000 1.210)+($17000 x 1.331)

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