Greg is entering high school and is determined to save money for college Greg feels he can save $5,500 each year for the next four years from his part-time job if Greg is able to invest al 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table) (Click the icon to view Prosent Value of Ordinary Annuity of $1 tablo (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of S1 table) Period 1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0 980 0.9710 962 0 952 0.9430.935 0.926 09170 909 0 893 087708700 862 08470.833 Period 2 0.980 0961 0.943 0925 0907 0.890 0.873 0 857 0 842 10 826 0.797 0.769 0756 07430718 0694 Period 3 0.971 0942 0.915 08890 8640 840 0816 0.794 0.772 0.7510712 0.675 0 6580 641 0.6090 579 Period 4 0961 0 924 0888 0.855 0.823 0.792 0.763 0.735 0.708 0683 0.636 0.5920572 0.552 0516 0.482 Period 5 0.951 -0.906 0.863 0822 0784 0.747 0713 0.681 0.650 06210.567 0.519 0.497 0.4760437 0 402 Period 6 0 942 0898 0.837 0790 0.746 0705 0.666 0.6300 596 0 564 0 5070456 0.432 04100 3700335 Period 7 0.933 0.871 0 813 0.760 07110 665 0623 0 58305470513 0.452 0.400 0.376 035403140 279 Period 8 0.923 0.853 0.789073106770627 05820540 0.502 0467 0.404 0.351 0327 0305 0 266 0 233 Period 9 0 9140837 0.766 0.703 0.645 0.592 0544 0.500 0.460 0.4240361 03080284 0.263 02250 194 Period 10 0 905 0.820 0.744 0.676 0614 0.558 0508 0.463 042203860.322 0 2700 2470 227 0 191 0.162 Period 11 0896 0804 0.722 0 650 0585 0527 0.475 0.429 0388 03500 287 0237 0215 0.1950 1620 135 Period 12 0887 0.783 0701 0.625 05570497 0.444 0.397 0.356 0319 0257 0208 0.1870 1680.1370 112 Period 13 0 870 0773 0681 0.60105300 469 0415 0368 03260 2900 229 0 1820 163 0.145 0.116 0.093 Period 14 0 870 0.758 0 661 0577 0505 0.442 0388 0340 0 2090 263 0 205 0 1600.141 0.125 0.0990078 Period 15 0 861 0.7430 642 0555 0.481 04170362 0315 02750 239 0.183 0 1400 123 0.1080084 0.065 Period 16 0.853 0.728 0 623 0534 0 458 0 3940339 0292 0252 02180163 0 123 0.1070093 00710054 Period 17 10.844 0.714 0 605 051304360371 0.317 0270 0.231 0 198 0 146 0 108 0.093 0000 0000 0.045 Period 18 0.830 0 7000 587049404160350 0295 0.250 0 2120 180 0.130 0 095008100590051 0.038 Period 19 0828 0 6860 5700475 0.3960331 0277 0232 0 1940. 1640 116 00830070005000430031 Period 20 0.820 0.67305540456 0377 0312 0.258 0215 0.1780 1490 104 0073 0.0510 051 0037 0.028 Period 21 0811 0 6600538 04390359 0294 0242 0 1990.1640 1350093 0064 0053 0044 0031 0.022 Dari Ini 27 1.22 na nanlal nam Present Value of Ordinary Annuity of $1 Penods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.9900 9800971 0.962 0 952 0.943 0.9350 926 0.917 0 909 0.8930 877 0.870 0.862 0 847 0.833 Period 2 1 970 1942 1913 1 886 1859 1833 1808 1783 1759 1736 1690 1 647 1 626 1.605 1 5651 528 Period 3 2.9412.884 2829 2.775 27232673 2624 2577 2 531 2487 24022322 2283 2246 2174 2 106 Period 4 3.902 3.808 3.717 3.630 3.546 34653387 3312 3240 3.170 3037 2 914 2855 2.798 2690 2589 Period 5 4 853 4713 4.580 4.452 4329 4212 4.100 3 9933 890 3.791 3 605 3.433 3352 3 274 3.127 2 991 Period 6 5795 5.601 5.417 5242 5076 4 917 4 767 4623 4 486 4355 4 111 3 889 3784 3685 3.498 3326 Period 7 6.728 6.472 6.230 6.002 5786 5.582 5.3895206 | 5033 4 868 45644 288 4160 4.039 3.812 3 605 Period 8 7 652 7.325 7020 6.733 6.463 6210 5.971 57475.535 5335 4.968 4 639 4487 4 344 4 078 3 837 Period 9 8.566 8. 1627786 7435 7.108 6.802 6 515 6 247 5.995 5759 5328 4946 47724607 4 303 4.031 Period 10 9471 8.9838 530 8. 111 7.722 7360 7024 6.710 6 418 6.145 5.650 5 216 5019 4.833 4.494 4.192 Period 11 10 368 9.787 9253 8.760 8306 7 887 7.499 7 1396 805 6.495 5938 5453 5 2345029 46564327 Period 12 11 255 10.575 9.954 9 385 8.863 8 384 7943 7 5367 1616 814 6 1945 660 5421 5 197 4.793 4.439 Period 13 12 134 11 348 10 635 9.986 93948 853 8.358 790474877 10364245 842 5.583 5342 4910 1533 Period 14 13.004 12 100 11 296 10 563 9899 9.295 8 745 8246778673676 628 6 002 5.7245 468 50084611 Period 15 13.865 12 849 11 938 11.118 10.3809712 9.108 8559 8.0617 606 6811 6 142 5.8475575 50024675 Period 16 14 710 13 578 12 561 11 652 10 838 10.106 94478 851 8 313 7 824 6.9746265 5.954 5669 5.102 4730 Period 17 15 562 14 292 13 166 12 166 11 274 10.477 9763 912285448022712063738047 5.749 6222 4775 Period 18 16 398 1499213 75412 659 11 690 10 820 10 050 93728.756 8.201 7.250 6 467 6.128 5818 5.273 4812 Period 19 17 226 15 678 14 324 13 134 12085 11.158 10 338 9.604 8950 83657366 65506198 587753164 844 Perlod 20 18 040 16 351 14 877 13.590 12 462 11.470 10 594 98189 129 8514 7 4096 623 5259 5 929 5.3534870 Period 21 18 857 17 01115415140201282111 764 10 838100171 292 8.6497562 6637 63125973 5344091 42 141 111 nila 1772 1741 A101 A1 51 Future Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2020 2030 2040 2050 2060 2.070 2080 2.090 2.100 2.120 2.140 2.150 Period 3 3.030 3.060 3.091 3.122 3.153 3.1843.215 3.246 3 278 3.310 3.374 3.440 3.473 Period 4 4.060 4.122 4.1844 246 4310 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 Period 5 5.101 5.204 5309 5.416 5.526 5.637 5.751 5 867 5 985 6.105 6.353 6.610 6.742 Period 6 6.152 6.308 6.468 6633 6 802 6.975 7.153 7336 7523 7.716 8.115 8.536 8.754 Period 7 7214743476627 898 8 142 8.394 8.654 8.923 9 200 9.487 10.09 10.73 11.07 Period 8 8.286 8.5838.892 9.214 9.549 9.897 10.260 10.64 | 11.03 11.44 12.30 13 23 13.73 Period 9 9 369 9755 10.16 10.58 11.03 11.49 11.98 12 49 13.02 13.58 14.78 16.09 16.79 Period 10 1046 10.95 11.46 12.01 1258 13.18 13.82 14.49 15 19 15.94 17 55 19 34 20 30 Period 11 11.57 12 17 12 81 13.49 14 21 1497 15.78 16 65 1756 18 53 20.65 23.04 24 35 Period 12 1268 13.41 14 19 15 03 15.92 16.87 17 89 18.98 20 14 2138 24 13 27 27 29.00 Period 13 13 81 14 68 15 62 16 63 17.71 18 88 20.14 21.50 22.95 24 52 28.0332 0934 35 Period 14 1495 15.97 17 09 18 29 19.60 21.022255 24 21 26.02 27.98 3239 37.58 40.50 Period 15 16.10 17 29 18.60 20.02 21.58 2328 25.13 27.15 29.36 3177 37.28 43 84 47.58 Period 16 17 26 18.64 20.16 21.8223 66 2567 27 89 30.32 33 00 35 95 42 75 50 98 55.72 Period 17 18.43 20.01 21.76 23.70 25.84 28 21 30 84 33.75 36.97 40 54 48 88 59 1265.08 Period 18 19.61 21.41 23 41 25.65 28 13 30.91 3400 37 45 | 41.30 45 60 55 75 68 39 75 84 Period 19 20.81 2284 25.12 27 67 30 54 33.76 37 38 41.45 | 46.02 51 16 63 44 78.97 88 21 Period 20 22 02 24 30 26.87 29.78 33.07 36 79 4100 45 78 51 16 57 28 72.05 9102 1024 9007 9572 39 99 4487 50.42 58 76 84.00 81.70 1048 118.8 00 Future Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1020 1030 1.040 1.050 1.060 1.070 1080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1260 1.295 1.331 1.405 1.482 1.521 1.041 1.082 1.126 1.170 1.216 1262 1.311 1.360 1.4121.464 1.574 1.689 1.749 1.051 1104 1.159 1217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2011 1.062 1.126 1 194 1265 1.340 1.419 1.501 1.587 1.677 1772 1.9742.195 2.313 1.072 1.149 1.230 1 316 1.407 1.504 1.606 1714 1.828 1.949 2211 2.502 2.660 1,083 1.172 1.267 1.369 1.4771594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.094 1.1951.305 1423 1.551 1.689 1838 1.999 2.172 2.358 27733.252 3.518 1.105 1.219 1.344 1.480 1.629 1791 1.967 2.159 2.367 2 594 3.106 3.707 4046 1.116 1.243 1 3841539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4,652 1.127 1.268 1.426 1.601 1.796 2012 2.252 2518 2.813 3.138 3.896 4.818 5.350 1.138 1.294 1.469 1.665 1.886 2.133 2.4102.720 3.066 3.452 4363 5.492 6.153 1.149 1.319 1.513 1.732 1.980 2261 25792937 3.342 3.798 4.8876.2617.076 1.161 1346 1.558 1.8012.079 2.397 2759 3.172 3.642 4.177 5.474 7 1388.137 1.1731 373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.1379.358 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.8669.276 10.76 1.196 1.428 1.702 2.026 2407 2854 3.380 3.996 4.717 5.560 7 690 10.58 12.38 1 208 1.457 1.754 | 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 1206 14.23 1.220 1 486 1.806 2.191 2.653 3.207 3.870 4.6615.604 6.727 9.646 13.74 16 37 1.232 1.516 1.860 2.279 2.786 3.400 4.141 50346.109 7.400 10.80 15.67 18.82 1 245 1546 1916 2.270 20251 264 4420 5.437 16 85 A 140 12.10 17.86 21.04 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Perind 22