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Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 1 1.03000 0.97087 FVA $1 1.0000 2
Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 1 1.03000 0.97087 FVA $1 1.0000 2 1.06090 0.94260 2.0300 PVA $1 0.97087 1.91347 FVAD $1 PVAD $1 3 1.09273 0.91514 3.0909 2.82861 4 1.12551 0.88849 4.1836 5 1.15927 0.86261 5.3091 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 1.0300 2.0909 1.97087 3.1836 2.91347 3.71710 4.3091 3.82861 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 10.4639 8.01969 1.00000 10 1.34392 0.74409 11 15 16 11.4639 8.53020 11.8078 8.78611 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 At the end of each quarter, Patti deposits $2,100 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years? Multiple Choice $43,586. $42,077. $42,329. $43,058.
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