Homework: Chapte... Question 13, BE7-13 (bo... Part 1 of 2 > HW Score: 10%, 2 of 20 points O Points: 0 of 1 Save Mariah Carey invests $20,000 each year in a fund that earns 8% annual interest compounded annually. If the first payment into the fund occurs at the beginning of the year, what amount will be in the fund after eight years? Draw a timeline to illustrate the problem (Click the icon to view the Future Value of $1 table ) (Click the icon to view the Present Value of $1 table) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Ordinary Annuity table) (Click the icon to view the Future Value of an Annuity Due table ) (Click the icon to view the Present Value of an Annuity Due table.) What amount will be in the fund after eight years? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, XXXXXX Round your final answer to the nearest cent, $X.XX.) After eight years the fund will have $