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 at 10%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 2 (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) (Round your answer to the nearest dollar.) Greg will have $ [ when he starts college. 3/2/2020 Reference Periods 0.711 0.547 0.513 1% 2% 0.990 0.980 0.980 0.961 0.971 0.942 0.961 0.924 0.951 0.906 0.942 0.888 0.933 0.871 0.923 0.853 0.914 0.837 0.905 0.820 0.896 0.804 0.887 0.788 0.879 0.773 0.870 0.758 0.861 0.743 0.853 0.728 0.844 0.714 0.836 0.700 0.828 0.686 0.820 0.673 0.811 0.660 0.803 0.647 0.795 0.634 0.788 0.622 0.780 0.610 0.772 0.598 0.764 0.586 0.757 0.574 0.7490.563 0.742 0.552 0.672 0.453 0.608 0.372 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.538 0.522 0.507 0.492 0.478 0.464 0.450 0.437 0.424 0.412 0.307 0.228 4% 5% 0.962 0.952 0.925 0.907 0.889 0.864 0.855 0.823 0.822 0.784 0.790 0.746 0.760 0.731 0.677 0.703 0.645 0.676 0.614 0.650 0.585 0.625 0.557 0.601 0.530 0.577 0.505 0.555 0.481 0.534 0.458 0.513 0.436 0.494 0.416 0.475 0.396 0.456 0.377 0.439 0.359 0.422 0.342 0.406 0.326 0.390 0.310 0.375 0.295 0.361 0.281 0.347 0.268 0.333 0.255 0.321 0.243 0.308 0.231 0.208 0.142 0.141 0.087 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.294 0.278 0.262 0.247 0.233 0.220 0.207 0.196 0.185 Present Value of $1 7% 8% 9% 10% 0.935 0.926 0.917 0.909 0.873 0.857 0.8420.826 0.816 0.794 0.772 | 0.751 0.763 0.735 0.708 0.683 0.713 0.681 0.650 0.621 0.666 0.630 0.596 0.564 0.623 0.583 0.582 0.540 0.502 0.467 0.544 0.500 0.460 0.424 0.508 0.463 0.422 0.386 0.475 0.429 0.388 0.350 0.444 | 0.397 0.356 0.319 0.415 0.368 0.326 0.290 0.388 0.340 0.299 0.263 0.362 0.315 0.275 0.239 0.339 0.292 0.252 0.218 0.317 0.270 | 0.231 0.198 0.296 0.250 0.212 0.180 0.277 0.232 0.194 0.164 0.258 0.215 0.178 0.149 0.242 0.199 0.164 0.135 0.226 0.184 0.150 0.123 0.211 0.170 0.138 0.112 0.197 0.158 0.126 0.102 0.184 0.146 0.116 0.092 0.172 0.135 0.106 0.084 0.161 0.125 0.098 0.076 0.150 0.116 0.090 0.069 0.141 0.107 0.082 0.063 0.131 0.099 0.075 0.057 0.067 0.046 0.032 0.022 0.034 0.021 0.013 0.009 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.093 0.083 0.074 0.066 0.059 0.053 14% 15% 0.877 0.870 0.769 0.756 0.675 0.658 0.572 0.519 0.497 0.456 0.432 0.400 0.376 0.351 0.327 0.308 0.284 0.270 0.247 0.237 0.215 0.208 0.187 0.182 0.163 0.160 0.141 0.140 0.123 0.123 0.107 0.108 0.093 0.095 0.081 0.083 0.070 0.073 0.061 0.064 0.053 0.056 0.046 0.049 0.040 0.043 0.035 0.038 0.030 0.033 0.026 0.029 0.023 0.026 0.020 0.022 0.017 0.0200.015 0.005 0.001 0.001 16% 18% 20% 0.862 0.847 0.833 0.743 0.7180.694 0.641 0.609 0.579 0.552 0.516 0.482 0.476 0.437 0.402 0.410 0.370 0.335 0.354 0.314 0.279 0.305 0.266 0.233 0.263 0.225 0.194 0.227 0.191 0.162 0.195 0.162 0.135 0.168 0.137 0.112 0.145 0.116 0.093 0.125 0.099 0.078 0.108 0.084 0.065 0.093 | 0.071 0.054 0.080 0.060 0.045 0.069 0.051 0.038 0.060 0.043 0.031 0.051 | 0.037 0.026 0.044 0.031 0.022 0.038 0.026 0.018 0.033 0.022 0.015 0.028 0.019 0.013 0.024 | 0.016 0.010 0.021 0.014 0.009 0.0180.011 0.007 0.0160.010 0.006 0.014 0.008 0.005 0.0120.007 0.004 0.003 0.001 0.001 0.001 0.174 0.042 0.037 0.033 0.011 0.003 50 0.097 0.054 3/2/2020 Reference Periods 3.433 16% 0.862 1.605 2.246 2.798 3.274 3.685 4.039 4.344 4.607 4.288 3.837 5.216 4.833 7.904 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 | 0.909 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.487 7.103 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.2019.442 8.772 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 21.243 18.914 16.936 15.247 13.799 12.550 | 11.469 | 10.529 9.707 8.985 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 22.795 20.121 | 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 24.316 21.281 18.764 16.663 14.898 13.406 12.137 11.051 10.116 9.307 25.066 21.844 19.188 16.984 15.141 13.591 | 12.278 11.158 10.198 25.808 22.396 19.600 17.292 15.372 13.765 12.409 | 11.258 10.2749.427 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 7.562 7.645 7.718 7.784 7.843 7.896 7.943 7.984 8.022 8.055 6.142 14% 15% 0.877 | 0.870 1.647 1.626 2.322 2.283 2.914 2.855 3.352 3.889 3.784 4.160 4.639 4.487 4.946 4.772 5.019 5.453 5.234 5.660 5.421 5.842 5.583 6.002 5.724 5.847 6.265 5.954 6.373 6.047 6.467 6.128 6.550 6.198 6.623 6.259 6.687 6.312 6.743 6.359 6.792 6.399 6.835 6.434 6.873 6.464 6.906 6.491 6.935 6.514 6.961 6.534 6.983 6.551 7.003 6.566 7.105 6.642 7.133 6.661 5.029 5.197 5.342 5.468 5.575 5.669 5.749 5.818 5.877 5.929 5.973 6.011 6.044 6.073 6.097 6.118 6.136 18% 20% 0.847 0.833 1.566 1.528 2.174 2.106 2.690 2.589 3.127 2.991 3.498 3.326 3.812 3.605 4.078 4.303 4.031 4.494 4.192 4.656 4.327 4.793 4.439 4.910 4.533 5.008 4.611 5.092 4.675 5.162 4.730 5.222 4.775 5.273 4.812 5.316 4.844 5.353 4.870 5.384 4.891 5.410 4.909 5.432 4.925 5.451 4.937 5.467 4.948 5.480 4.956 5.492 4.964 5.502 4.970 5.510 4.975 4.979 5.548 4.997 5.554 | 4.999 6.152 5.517 6.166 6.177 6.233 6.246 50 8.304 3/2/2020 Reference 1.762 2.211 2.660 | 1.423 2.159 1.346 7.138 | Future Value of $1 | Periods) 1% | 2% 3% 4% 5% 6% 7% 8% 9% 1 0 % 12% 4% 15% 1.010 | 1.020 | 1.030 | 1.040 | 1.050 11.060 | 1.070 | 1.080 | 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 | 1.260 1.295 1.331 1.405 1.482 11.521 1.041 1.082 1.126 | 1.170 | 1.216 | 1.262 | 1. 31 | 1.360 1.412 1.464 1.574 1.689 1.749 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.925 2.011 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1772 1.974 2.195 2.313 1.072 1.149 | 1.230 1.316 | 1.407 | 1.504 | 1.606 1.714 1.828 1.949 2.502 1.083 | 1.172 | 1.267 | 1.369 1.47 | 1.594 | 1.718 1.851 1.993 2.144 2.476 2.853 | 3.059 1.094 | 1.195 1.305 | 1.551 | 1.689 | 1.838 1.999 2.172 2.358 2.773 3.252 3.518 1.105 | 1.219 1.344 | 1.480 1.629 | 1.791 | 1.967 2.367 2.594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1710 11.898 2.105 2.332 2.580 2.853 3.479 14.226 4.652 1.127 | 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 15.492 6.153 1.149 | 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 13.798 4.887 6.261 7.076 1.161 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 5.474 8.137 1.173 | 1.373 1.605 1.873 2.183 | 2.540 2.952 3.426 3.970 4.595 16.130 18.137 9.358 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.866 9.276 10.76 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 1.208 1.457 | 1.754 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.727 9.646 13.74 16.37 1.232 1.516 | 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 | 8.140 12.10 17.86 21.64 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24.89 1.270 1.608 12.033 2.563 3.225 4.049 5.072 6.341 7.911 19.850 15.18 23.21 28.63 1.282 1.641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 10.83 17.00 26.46 32.92 1.295 1.673 2.157 2.772 3.556 4.549 5.807 7.396 9.399 11.92 19.04 30.17 37.86 1.308 1.707 12.221 2.883 3.733 14.822 6.214 7.988 10.25 13.11 21.32 34.39 43.54 1.321 | 1.741 2.288 12.999 3.920 15.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 1.776 2.357 3.119 4.116 5.418 7.114 12.17 15.86 26.75 44.69 57.58 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.06 17.45 29.96 50.95 66.21 1.489 2.208 3.262 4.801 10.29 14.97 21.72 31.41 193.05 | 188.9 267.9 150 | 1.645 | 2.692 | 4.384 17.107 | 11.47 | 18.42 | 29.46 | 46.90 | 74.36 | 117.4 | 289.0 | 700.2 | 1,084 2.107 1.257 1.335 9.317 13.27 45.26 3/2/2020 Reference 5.204 5.416 5.867 5.985 12.56 15.19 17.89 21.58 Future Value of Ordinary Annuity of $1 Periods) 1% | 2% 1 3% | 4% 1 5 % | 6% | 7% | 8% | 9% | 10% | 12% | 14% | 15% 1.000 | 1.000 11.000 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 2.010 | 2.020 12.030 12.040 | 12.050 | 2.060 | 2.070 | 2.080 | 2.090 | 2.100 | 2.120 | 12.140 | 2.150 3.030 13.060 3.091 13.122 13.153 | 3.184 13.215 | 3.246 3.278 13.310 3.374 13.440 | 3.473 4.060 4.122 4.184 4.246 4.310 14.375 4.440 4.506 4.573 4.641 4.779 | 4.921 | 4.993 5.101 5.309 5.526 5.637 5.751 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 7.214 7.434 7.662 17.898 8.142 8.394 8.654 8.923 9.200 9.487 10.09 10.73 | 11.07 8.286 | 8.583 8.892 19.214 9.549 19897 10.260 | 10.64 11.03 11.44 12.30 13.23 13.73 9.369 19.755 10.16 | 10.58 1.03 | 11.49 | 11.98 | 12.49 13.02 13.58 14.78 16.09 16.79 10.46 10.95 11.46 12.01 | 13.18 | 13.82 | 14.49 15.94 17.55 19.34 20.30 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 12.68 13.41 14.19 15.03 15.92 16.87 18.98 20.14 21.38 24.13 27.27 29.00 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34.35 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 17.26 18.64 20.16 [21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45.60 55.75 68.39 75.84 20.81 22.84 25.12 30.54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 23.24 25.78 28.68 31.97 35.72 39.99 44.87 50.42 56.76 64.00 81.70 | 104.8 118.8 24.47 27.30 30.54 34.25 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 137.6 28.85 32.45 36.62 41.43 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 26.97 30.42 34.43 39.08 44.50 50.82 58.18 66.76 76.79 88.50 118.2 158.7 184.2 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.11 84.70 98.35 133.3 181.9 212.8 29.53 33.67 38.55 44.31 51.11 59.16 68.68 79.95 93.32 109.2 150.3 208.3 245.7 30.82 35.34 40.71 47.08 54.67 63.71 74.48 87.35 102.7 121.1 169.4 238.5 283.6 32.13 37.05 42.93 49.97 58.40 68.53 180.70 195.34 113.0 134.2 190.7 272.9 327.1 33.45 38.79 45.22 52.97 62.32 73.64 87.35 104.0 124.1 148.6 214.6 312.1 34.78 40.57 47.58 56.08 66.4 | 79.06 94.46 113.3 136.3 164.5 241.3 356.8 1434.7 48.89 60.40 75.40 95.03 120.8 | 199.6 259.1 337.9 42.6 1767.1 | 1,342 1,779 50 | 64.46 | 84.58 | 112.8 | 152.7 | 209.3 | 2903 | 4065 | 573.8 | 815.1 | 1,164 | 2400 | 4.995 | 7.218 27.67 25.72 377.2