Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 16%, compounded quarterly. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.)

How much will Leslie accumulate in three years by depositing $760 at thebeginningof each of the next 12 quarters?(Round your interest rate to 1 decimal place.)

Table or Calculator function: PVAD of $1

Payment: $760

n= 12

i= ?

Future Value: ?