Knowledge Check

Davis Depot plans to invest $$5,000$ in a savings account paying $5\%$ interest at the end of each year for $4$ years to fund the replacement of a forklift. How much will be available to buy the forklift? $($For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places $(\text{'}$e$.$g$.,52\mathrm{.}75).)$

Table $2$: Future Value of an Annuity of $1$

$\backslash$table$[[\backslash$table$[[($in$)],[$Payments$]],4\%,5\%,6\%,7\%,8\%$