Kevin, age 25, is starting his savings plan this year by putting away $1,750.00 at the end of every year until he reaches age 65. He will deposit this money at his local savings and loan at an interest rate of 6%. The future value annuity interest factor is 154.7620. You can also use the excel future value (FV) function to solve this problem. =FV(rate,nper,pmt,[pv],[type]) rate: The interest rate per period. This input is required. nper: The total number of payment periods. This input is required. pmt: The constant payment made in each period. This input is required if pmt is omitted. pv: The present value or lump-sum amount. This input is required if pmt is omitted. type: A 0 or 1 depending on if payments are due at the beginning or end of the period. This input is optional and 0 will be used if it is omitted. Based on the information provided, by the time Kevin turns 65, he will have