It is now January $1,2016.$ Today you will deposit $$1,000$ into a savings account that pays $8\%.$

If the bank compounds interest annually, how much will you have in your account on January $1,$

$2019?$

a$.$ Use the equation to solve the question.

b$.$ Use the Financial Calculator to solve the question. Write down your input and output in

the table.

Inputs

N I$/$YR PV PMT FV

Output