In an attempt to have funds for a down payment in four years, James Dupont plans to save $4,150 a year for the next four years. With an interest rate of 5 percent, what amount will James have available for a down payment after the four years? Use Exhibit 1-B.

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 1% & 2% & 3% & 4% & 5% & 6% & 7% & 8% & 9% & 10% & 11% \\ \hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 \\ \hline 2 & 2.010 & 2.020 & 2.030 & 2.040 & 2.050 & 2.060 & 2.070 & 2.080 & 2.090 & 2.100 & 2.110 \\ \hline 3 & 3.030 & 3.060 & 3.091 & 3.122 & 3.153 & 3.184 & 3.215 & 3.246 & 3.278 & 3.310 & 3.342 \\ \hline 4 & 4.060 & 4.122 & 4.184 & 4.246 & 4.310 & 4.375 & 4.440 & 4.506 & 4.573 & 4.641 & 4.710 \\ \hline 5 & 5.101 & 5.204 & 5.309 & 5.416 & 5.526 & 5.637 & 5.751 & 5.867 & 5.985 & 6.105 & 6.228 \\ \hline 6 & 6.152 & 6.308 & 6.468 & 6.633 & 6.802 & 6.975 & 7.153 & 7.336 & 7.523 & 7.716 & 7.913 \\ \hline 7 & 7.214 & 7.434 & 7.662 & 7.898 & 8.142 & 8.394 & 8.654 & 8.923 & 9.200 & 9.487 & 9.783 \\ \hline 8 & 8.286 & 8.583 & 8.892 & 9.214 & 9.549 & 9.897 & 10.260 & 10.637 & 11.028 & 11.436 & 11.859 \\ \hline 9 & 9.369 & 9.755 & 10.159 & 10.583 & 11.027 & 11.491 & 11.978 & 12.488 & 13.021 & 13.579 & 14.164 \\ \hline 10 & 10.462 & 10.950 & 11.464 & 12.006 & 12.578 & 13.181 & 13.816 & 14.487 & 15.193 & 15.937 & 16.722 \\ \hline 11 & 11.567 & 12.169 & 12.808 & 13.486 & 14.207 & 14.972 & 15.784 & 16.645 & 17.560 & 18.531 & 19.561 \\ \hline 12 & 12.683 & 13.412 & 14.192 & 15.026 & 15.917 & 16.870 & 17.888 & 18.977 & 20.141 & 21.384 & 22.713 \\ \hline 13 & 13.809 & 14.680 & 15.618 & 16.627 & 17.713 & 18.882 & 20.141 & 21.495 & 22.953 & 24.523 & 26.212 \\ \hline 14 & 14.947 & 15.974 & 17.086 & 18.292 & 19.599 & 21.015 & 22.550 & 24.215 & 26.019 & 27.975 & 30.095 \\ \hline 15 & 16.097 & 17.293 & 18.599 & 20.024 & 21.579 & 23.276 & 25.129 & 27.152 & 29.361 & 31.772 & 34.405 \\ \hline 16 & 17.258 & 18.639 & 20.157 & 21.825 & 23.657 & 25.673 & 27.888 & 30.324 & 33.003 & 35.950 & 39.190 \\ \hline 17 & 18.430 & 20.012 & 21.762 & 23.698 & 25.840 & 28.213 & 30.840 & 33.750 & 36.974 & 40.545 & 44.501 \\ \hline 18 & 19.615 & 21.412 & 23.414 & 25.645 & 28.132 & 30.906 & 33.999 & 37.450 & 41.301 & 45.599 & 50.396 \\ \hline 19 & 20.811 & 22.841 & 25.117 & 27.671 & 30.539 & 33.760 & 37.379 & 41.446 & 46.018 & 51.159 & 56.939 \\ \hline 20 & 22.019 & 24.297 & 26.870 & 29.778 & 33.066 & 36.786 & 40.995 & 45.762 & 51.160 & 57.275 & 64.203 \\ \hline 25 & 28.243 & 32.030 & 36.459 & 41.646 & 47.727 & 54.865 & 63.249 & 73.106 & 84.701 & 98.347 & 114.410 \\ \hline 30 & 34.785 & 40.588 & 47.575 & 56.085 & 66.439 & 79.058 & 94.461 & 113.280 & 136.310 & 164.490 & 199.020 \\ \hline 40 & 48.886 & 60.402 & 75.401 & 95.026 & 120.800 & 154.760 & 199.640 & 259.060 & 337.890 & 442.590 & 581.830 \\ \hline 50 & 64.463 & 84.579 & 112.800 & 152.670 & 209.350 & 290.340 & 406.530 & 573.770 & 815.080 & 1,163.900 & 1,668.800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 12% & 13% & 14% & 15% & 16% & 17% & 18% & 19% & 20% & 25% & 30% \\ \hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 \\ \hline 2 & 2.120 & 2.130 & 2.140 & 2.150 & 2.160 & 2.170 & 2.180 & 2.190 & 2.200 & 2.250 & 2.300 \\ \hline 3 & 3.374 & 3.407 & 3.440 & 3.473 & 3.506 & 3.539 & 3.572 & 3.606 & 3.640 & 3.813 & 3.990 \\ \hline 4 & 4.779 & 4.850 & 4.921 & 4.993 & 5.066 & 5.141 & 5.215 & 5.291 & 5.368 & 5.766 & 6.187 \\ \hline 5 & 6.353 & 6.480 & 6.610 & 6.742 & 6.877 & 7.014 & 7.154 & 7.297 & 7.442 & 8.207 & 9.043 \\ \hline 6 & 8.115 & 8.323 & 8.536 & 8.754 & 8.977 & 9.207 & 9.442 & 9.683 & 9.930 & 11.259 & 12.756 \\ \hline 7 & 10.089 & 10.405 & 10.730 & 11.067 & 11.414 & 11.772 & 12.142 & 12.523 & 12.916 & 15.073 & 17.583 \\ \hline 8 & 12.300 & 12.757 & 13.233 & 13.727 & 14.240 & 14.773 & 15.327 & 15.902 & 16.499 & 19.842 & 23.858 \\ \hline 9 & 14.776 & 15.416 & 16.085 & 16.786 & 17.519 & 18.285 & 19.086 & 19.923 & 20.799 & 25.802 & 32.015 \\ \hline 10 & 17.549 & 18.420 & 19.337 & 20.304 & 21.321 & 22.393 & 23.521 & 24.701 & 25.959 & 33.253 & 42.619 \\ \hline 11 & 20.655 & 21.814 & 23.045 & 24.349 & 25.733 & 27.200 & 28.755 & 30.404 & 32.150 & 42.566 & 56.405 \\ \hline 12 & 24.133 & 25.650 & 27.271 & 29.002 & 30.850 & 32.824 & 34.931 & 37.180 & 39.581 & 54.208 & 74.327 \\ \hline 13 & 28.029 & 29.985 & 32.089 & 34.352 & 36.786 & 39.404 & 42.219 & 45.244 & 48.497 & 68.760 & 97.625 \\ \hline 14 & 32.393 & 34.883 & 37.581 & 40.505 & 43.672 & 47.103 & 50.818 & 54.841 & 59.196 & 86.949 & 127.910 \\ \hline 15 & 37.280 & 40.417 & 43.842 & 47.580 & 51.660 & 56.110 & 60.965 & 66.261 & 72.035 & 109.690 & 167.290 \\ \hline 16 & 42.753 & 46.672 & 50.980 & 55.717 & 60.925 & 66.649 & 72.939 & 79.850 & 87.442 & 138.110 & 218.470 \\ \hline 17 & 48.884 & 53.739 & 59.118 & 65.075 & 71.673 & 78.979 & 87.068 & 96.022 & 105.930 & 173.640 & 285.010 \\ \hline 18 & 55.750 & 61.725 & 68.394 & 75.836 & 84.141 & 93.406 & 103.740 & 115.270 & 128.120 & 218.050 & 371.520 \\ \hline 19 & 63.440 & 70.749 & 78.969 & 88.212 & 98.603 & 110.290 & 123.410 & 138.170 & 154.740 & 273.560 & 483.970 \\ \hline 20 & 72.052 & 80.947 & 91.025 & 102.440 & 115.380 & 130.030 & 146.630 & 165.420 & 186.690 & 342.950 & 630.170 \\ \hline 25 & 133.330 & 155.620 & 181.870 & 212.790 & 249.210 & 292.110 & 342.600 & 402.040 & 471.980 & 1,054.800 & 2,348.800 \\ \hline 30 & 241.330 & 293.200 & 356.790 & 434.750 & 530.310 & 647.440 & 790.950 & 966.700 & 1,181.900 & 3,227.200 & 8,730.000 \\ \hline 40 & 767.090 & 1,013.700 & 1,342.000 & 1,779.100 & 2,360.800 & 3,134.500 & 4,163.210 & 5,529.800 & 7,343.900 & 30,089.000 & 120,393.000 \\ \hline 50 & 2,400.000 & 3,459.500 & 4,994.500 & 7,217.700 & 10,436.000 & 15,090.000 & 21,813.000 & 31,515.000 & 45,497.000 & 80,256.000 & 165,976.000 \\ \hline \end{tabular}