In an attempt to have funds for a down payment in five years, James Dupont plans to save $4,550 a year for the next five years. With an interest rate of 5 percent, what amount will James have available for a down payment after the five years? Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)

Future value down payment:

Exhibit 1-B Future Value (Compounded Sum) of $1 Paid In at the end of each period for a Given Number of Time Periods (an Annuity) Period 1% 2% 3% 4% % 5% 6% 7% 8% 9% 11% 10% 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 201 2.02 203 2.04 2.05 206 207 209 2.09 21 2 11 S 9.03 3.06 3.091 3.122 3.153 3.184 3.215 3.245 3.278 9.31 3.342 4 4 4.06 4.122 4.184 4.246 4.31 4.375 4.45 4.505 4.573 4.641 4.71 5 6101 5204 6.309 5416 5 526 5637 6751 5867 5.986 6 105 6228 6 6.152 6.309 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 7.913 7 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.923 9.487 9.783 2.206 9583 6.092 9.214 9.549 9 897 10 26 10.637 11.020 11 436 11 850 9 9369 9.705 10 159 10.083 11027 11.191 11.978 12.488 13021 135/9 14 164 10 10.462 10.95 11.464 12.006 12.578 13.181 13.816 14. 487 15 193 19.937 16.722 11 11.567 12. 160 12.008 13.406 14.207 14.072 15.784 16.645 17.56 16.531 19.561 12 12 683 13 412 14 192 15 026 15 912 16 87 17 898 18 972 20 141 21 394 22 713 13 13.809 14.68 15.618 16.627 17.713 18 882 20.141 21.493 22 989 24.525 25.212 14 14.947 15 974 17.006 18.292 19.599 21.015 22.55 24.215 26.019 27.975 30.095 15 16 007 17 293 16 500 20024 21 579 23 276 25.120 27 152 20 361 31 772 34 405 16 17 258 18 639 20 157 21 820 23 667 25673 27 898 901324 39.003 35.90 39.19 17 18.43 20.012 21.762 23.698 25.84 28.219 30.84 33.75 36.974 40.545 44.501 18 19.615 21.412 23.414 25.645 28.132 30.006 33.999 37.45 41 301 45 509 50.306 19 20 811 22 941 25 117 27 671 22 530 33 76 37 379 41 446 46 018 51 159 56 939 20 22.019 24 297 25.87 29.778 33,068 36.786 40.995 45.762 51.16 57.275 64.203 25 28.243 92.03 36.459 41.646 47.727 54.865 63.249 73.105 84.701 98.347 114.413 30 34 705 41 5G 47 578 56.085 GS439 79 050 94.461 113.203 136 301 164 494 199 021 40 18 88 60 402 75 101 85.026 1209 151762 199 636 259 057 337 982 142.593 581.825 50 64.463 84.579 112.797 152.667 209.348 290.33 406.529 573.77 815.084 1163.909 1668.771 Period 12% 13% 14% 15% 16% % 17% 18% 19% 20% 30% 25% 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 12 2.13 2.14 215 2.16 2.17 2 18 2.19 22 2.26 23 3 3.374 3.407 3.44 3.473 3.505 3.539 3.572 3.605 3.64 3.813 3.99 4 4 4.779 4.85 4.921 4.993 5.066 5.141 5.215 5.291 5.366 5.766 6.167 5 6.353 649 6.61 6742 6877 7014 7 154 7 297 7 442 8207 9043 6 8.115 8.323 8.536 8.754 8.977 9.207 9.442 9.683 9.93 11.259 12.756 7 10.089 10.405 10.73 11.067 11.414 11.772 12.142 12.523 12.916 15.073 17.583 B 123 12 757 13 233 13727 1424 14 773 15327 15.902 16 490 19 042 23.850 9 14.775 15.416 16.085 16786 17.519 18 285 19 086 19 923 20.799 26 802 32.015 42.619 10 17.549 18.42 19.937 20.304 21.321 22.393 23.521 24.709 25.959 38.253 11 20.655 21.014 23.045 24 349 25.733 27.2 28.755 30.404 32.15 42.556 56.405 12 24 123 25 65 27 271 20002 30.85 32 824 34 931 37 18 39 581 54 208 74327 13 28.029 29.985 32.089 34352 36.786 39 404 42.219 45.244 48.497 68.76 97.625 14 32.393 34.883 37.561 40.505 43.672 47.103 50.818 59.19 36.949 127.913 54.841 66.261 15 3728 40.417 43 042 47 56 51 GS 56.11 GO 986 72 038 109 687 167 206 16 12.753 46 672 5098 56.717 60 925 66 649 72.939 79.85 87 442 138 109 218 472 17 48.884 53.789 59.118 65.075 71.673 78.979 87.068 95.022 105.931 173.636 285.014 18 55.75 61.725 68.394 75.836 84.141 93.406 103.74 115.266 128. 117 218.045 371.518 19 63 44 70 740 78.069 88 212 99 603 110 286 123 414 139 10 154 74 273 556 483 973 20 72.002 80.947 91.025 102.444 115.38 130.033 146.628 165.418 186.688 342.945 630.165 25 133.334 155.62 181.871 212.793 249.214 292.105 342.603 402.042 471.981 1054.791 2348.800 30 241 333 203 100 356.787 434 745 530.312 647 430 790 940 OGS 712 1161 882 3227 174 8729.905 40 167 091 1013 704 1942.025 1/79.09 2360757 3134 022 4163 213 5629.829 7349 858 90088 656 120382 883 280256.693 1669760.743 50 2400.018 8459.507 4994.521 7217.716 10435.649 15089.502 21813.094 31515.335 45497.191