In an attempt to have funds for a down payment. Jan Carlson plans to save $3.950 a year for the next five years. With an interest rate of 5 percent, what amount will Jon have available for a down payment after the five years? Use Exhibit 1-8. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Down payment 946 1.000 EP BUS 1/-310 Exhibit 1-8 Future value (compounded sum) of $1 paid in at the end of each period for a given number of time periods (an annuity) 4 3% Panod 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2030 2010 220-40 27020 2050 2.060 2 0902 2.070 2.000 2 3.030 3.000 3 3.091 3.122 3.153 3.246 1843215 3278 4.184 310 4.440 4.240 41573 4.500 060 5 55101 5.3091 5.204 5.965 5526 5.416 5.63 5./515.867 6 6,152 7336 6300 6.466 6.802 0.633 0.075 7.153 7.5231 72434 7.6621 7.898 8.142 8.94 8.654 8.923 9.200 8286 3.50 092 9214 11.020 9.697 9.549 10.200 10.637 9 9369 9.7551 10.159 10.50 11.027 11.491 11.978 12.088 13.021 10 10.402 10.950 11.44 12.000 12.570 13.161 13.016 14.487 15,193 11.567 12.169 512808 13.486 14.207 14.972 15.784 16.645 17:560 12 14.192 102412 13.02 15.017 16.670 17.68 20.141 16.977 13 13.309 14.680 15.610 16.627 17./13 16.802 20.141 227953 14.042 15.974 17.00 10202 19,590 21.015 22.550 24.215 26.019 15 16.097 17.293 18.599 20.024 21.579 23276 25,129 27.1521 29,361 10 17.256 18.639 20.157 21.325 23.657 25.073 27.BD 30,324 33.003 18.430 20.012 21.762 23.698 25.840 28.213 J0.800 33.750 365974 18 19,613 21.412 25.645 28.132 30.900 33.999 37/450 45 301 19 20.811 22.841 25.117 27671 30.539 33.760 37.379 46.018 20 22.010 20.870 29.7781 33.066 36.786 40.995 45.762 51 160 25 28.243 32.030 36.459 41.640 4/2/27 54.365 63.240 73.100 84.701 34.783 40.568 47.573 56.0 60.439 79.058 9461 113.283 1376.08 40 48.886 60/402 75.401 93.026 120.800 154.762 199.635 259.05 337.882 50 64465 84579 112.7971 152.667 209,348 200136 406320 373.770 15.084 10% 1.0001 2100 3310 4.641 6.105 7.710 9.487 11.636 13.79 15.937 18.331 21:38 24.523 27.075 31.772 35.950 40.545 1.000 2.110 3.342 1/10 6.228 7:913 9.783 11 839 14.164 16,722 19.561 22713 20,212 30.095 34.405 39,190 44.33011 30,390 56,939 61.203 114.413 199,021 581.826 24 297 51.159 57 275 98.347 164.494 442.593 1102.909 125 Period 1 2 WOL 0001 1.000 31539 15 0 8.323 0202 B 3.37 4.719 653 0.115 TO.089 12300 14./70 17549 20.6551 24135 286029 123931 97.280 42753 48.850 55.750 01.440 172052 133 3301 201333 76709 2400.00 10 11 13% 1.000 1.000 2150 2.1401 3.407 3.440 4921 6.480 6.610 3250 10,405 10.730 12,757 13.233 15.010 16.085 10.420 19 21,814 237045 25.050 27:21 29.965 32.009 83 37501 40,417 43.842 46,672 50.080 52739 59.118 01725 68304 70.749 78.969 30.9291025 155.620 T81871 293.17 350782 1013109 1312.025 3459,502 409521 2.190 3.606 5:291 7.297 9.663 12:3231 15.902 199231 24.700 30.404 37.100 45.244 16% 16% 17% 18% 1.000 1.0001 1.000 1.000 2 150 2.160 20170 12.180 3.4731 3.506 31572 4.993 5.066 15.191 5 215 6.7421 6.8221 7,014 8.754 8.977 9.442 11.06 11.414 11.7721 12.142 13.727 14 240 14.723 15.022 16,7861 17 519 18.2.5 19.000 20.300 21.320 22393 23.521 24.349 25.735 1200 28755 29.002 30.830 32.824 34.931 34.3521 36.780 39,400 42.2191 0505 03.6/21 47.00 30,810 47.500 51.660 56. 1101 60.965 55:717 60.925 66.009 279319 65.075 1.0378.97987060 75.836 84141 93.400 103.740 88.212 98.603 110.265 123.414 102.144 115.30 130.033 146.628 2122793 249.214 292 105 342.003 434.145 330.312 647430 790.948 1779.000 2360.757 314.522 41631213 7217.710 15089.502 21813.094 20% 1.000 2200 3,640 5:36 7.442 9.930 122016 16,499 20.799 25.959 32.150 19.50 48.497 59.1961 72.035 071442 1053931 128.117 154.780 106.08 471.981 1181.882 73437850 45497 191 25% 30% 1.000 1.000 2.250 3.813 3.990 5,706 6.187 3.202 9.043 11.259 12750 15.073 17.5801 19.842 23,658 25.802 32.015 33.253 47.610 42.566 56.405 54,200 74.327 68.760 97.625 86,949 127.913 109.687 167286 138 109 216.472 173.636 285,014 218.045 3711518 273.956 683.973 142045 30.165 1054791 2340.003 322174 0729.935 30068.655 120392.883 200255,693 1659700:23 15 10 20 25 30 40 06:261 79.850 96.0221 115.260 136.166 105,418 402.042 960.712 5529.829 JIS130