Leon and Heidi decided to invest $3,250 annually for only the first nine years of their marriage. The first payment was made at age 20 . If the annual interest rate is 8%, how much accumulated interest and principal will they have at age 70 ? Click the icon to view the interest and annuity table for discrete compounding when i=8% per year. The accumulated interest and principal will equal $ (Round to the nearest dollar.) The future value of the annual deposits in this situation equals the product of the annual deposit amount and the corresponding (F/A,i%,N1) and (F/P,i%,N2) factors. Recall that discrete compounding-interest factors for single cash flows are calculated with (FIP,i%,N)=(1+i)N,(PIF,i%,N)=(1+i)N1, and discrete compounding-interest factors for uniform series are given by (F/A,i%,N)=i(1+i)N1,(P/A,i%,N)=i(1+i)N(1+i)N1,(AIF,i%,N)=(1+i)N1i,(AIP,i%,N)=(1+i)N1i(1+i)N, where i equals the effective interest rate per interest period and N is the number of interest periods. Note that after the final annual deposit made the total amount will be saved in deposit for N2 number of years