Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 30% down payment. For example, to buy a $100,000 home, a person would need to save $30,000. At the end of each year for six years, the women make the following investments: Person Annuity Payment Type of Account Expected Annual Return Mary Kate $ 3,500 Savings 3 % Ashley 4,500 CDs 5 Dakota 5,500 Bonds 8 Elle 5,500 Stocks 10 Problem C-1B Part 1 Required: 1. Calculate how much each woman is expected to accumulate in the investment account by the end of the sixth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)

Required information Problem C-1B Calculate the future value of an annuity (LOC-3) [The following information applies to the question displayed below.] Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 30% down payment. For example, to buy a $100,000 home, a person would need to save $30,000. At the end of each year for six years, the women make the following investments: Annuity Type of Account Expected Annual Return Payment $3,500 Savings 3% Person Mary Kate Ashley Dakota Elle 4,500 CDs 5 5,500 Bonds 8 5,500 Stocks 10 Problem C-1B Part 1 Required: 1. Calculate how much each woman is expected to accumulate in the investment account by the end of the sixth year. (FV of $1. PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Person six-year Accumulated Investment Mary Kate Ashley Dakota Elle