Josh is entering high school and is determined to save money for college. Josh feels he can save $$2,500$ each year for the next four years from his part$-$time job. If Josh is able to invest at $12\%,$ how much will he have when he starts college?

$($Click the icon to view Present Value of $$1$ table.$)$

$($Click the icon to view Present Value of Ordinary Annuity of $$1$ table.$)$

$($Click the icon to view Future Value of $$1$ table.$)$

$($Click the icon to view Future Value of Ordinary Annuity of $$1$ table.$)$

$($Round your answer to the nearest dolla

When Josh starts college he will have

Reference

Present Value of $$1$

$\backslash$table$[[$Periods$,1\%,2\%,3\%,4\%,5\%,6\%,7\%,8\%,9\%,10\%,12\%,14\%,15\%,16\%,18],[$Period $1,0\mathrm{.}990,0\mathrm{.}980,0\mathrm{.}971,0\mathrm{.}962,0\mathrm{.}952,0\mathrm{.}943,0\mathrm{.}935,0\mathrm{.}926,0\mathrm{.}917,0\mathrm{.}909,0\mathrm{.}893,0\mathrm{.}877,0\mathrm{.}870,0\mathrm{.}862,0\mathrm{.}8],[$Period $2,0\mathrm{.}980,0\mathrm{.}961,0\mathrm{.}943,0\mathrm{.}925,0\mathrm{.}907,0\mathrm{.}890,0\mathrm{.}873,0\mathrm{.}857,0\mathrm{.}842,0\mathrm{.}826,0\mathrm{.}797,0\mathrm{.}769,0\mathrm{.}756,0\mathrm{.}743,0\mathrm{.}7],[$Period $3,0\mathrm{.}971,0\mathrm{.}942,0\mathrm{.}915,0\mathrm{.}889,0\mathrm{.}864,0\mathrm{.}840,0\mathrm{.}816,0\mathrm{.}794,0\mathrm{.}772,0\mathrm{.}751,0\mathrm{.}712,0\mathrm{.}675,0\mathrm{.}658,0\mathrm{.}641,0\mathrm{.}61],[$Period $4,0\mathrm{.}961,0\mathrm{.}924,0\mathrm{.}888,0\mathrm{.}855,0\mathrm{.}823,0\mathrm{.}792,0\mathrm{.}763,0\mathrm{.}735,0\mathrm{.}708,0\mathrm{.}683,0\mathrm{.}636,0\mathrm{.}592,0\mathrm{.}572,0\mathrm{.}552,0\mathrm{.}5],[$Period $5,0\mathrm{.}951,0\mathrm{.}906,0\mathrm{.}863,0\mathrm{.}822,0\mathrm{.}784,0\mathrm{.}747,0\mathrm{.}713,0\mathrm{.}681,0\mathrm{.}650,0\mathrm{.}621,0\mathrm{.}567,0\mathrm{.}519,0\mathrm{.}497,0\mathrm{.}476,0\mathrm{.}4],[$Period $6,0\mathrm{.}942,0\mathrm{.}888,0\mathrm{.}837,0\mathrm{.}790,0\mathrm{.}746,0\mathrm{.}705,0\mathrm{.}666,0\mathrm{.}630,0\mathrm{.}596,0\mathrm{.}564,0\mathrm{.}507,0\mathrm{.}456,0\mathrm{.}432,0\mathrm{.}410,0\mathrm{.}3],[$Period $7,0\mathrm{.}933,0\mathrm{.}871,0\mathrm{.}813,0\mathrm{.}760,0\mathrm{.}711,0\mathrm{.}665,0\mathrm{.}623,0\mathrm{.}583,0\mathrm{.}547,0\mathrm{.}513,0\mathrm{.}452,0\mathrm{.}400,0\mathrm{.}376,0\mathrm{.}354,0\mathrm{.}3],[$Period $8,0\mathrm{.}923,0\mathrm{.}853,0\mathrm{.}789,0\mathrm{.}731,0\mathrm{.}677,0\mathrm{.}627,0\mathrm{.}582,0\mathrm{.}540,0\mathrm{.}502,0\mathrm{.}467,0\mathrm{.}404,0\mathrm{.}351,0\mathrm{.}327,0\mathrm{.}305,0\mathrm{.}21],[$Period $9,0\mathrm{.}914,0\mathrm{.}837,0\mathrm{.}766,0\mathrm{.}703,0\mathrm{.}645,0\mathrm{.}592,0\mathrm{.}544,0\mathrm{.}500,0\mathrm{.}460,0\mathrm{.}424,0\mathrm{.}361,0\mathrm{.}308,0\mathrm{.}284,0\mathrm{.}263,0\mathrm{.}2],[$Period $10,0\mathrm{.}905,0\mathrm{.}820,0\mathrm{.}744,0\mathrm{.}676,0\mathrm{.}614,0\mathrm{.}558,0\mathrm{.}508,0\mathrm{.}463,0\mathrm{.}422,0\mathrm{.}386,0\mathrm{.}322,0\mathrm{.}270,0\mathrm{.}247,0\mathrm{.}227,0\mathrm{.}11]]$