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Present and future value tables of $1 at 3% are presented below: N FV $1 1 1.03000 PV $1 0.97087 FVA $1 1.0000 PVA
Present and future value tables of $1 at 3% are presented below: N FV $1 1 1.03000 PV $1 0.97087 FVA $1 1.0000 PVA $1 0.97087 FVAD $1 1.0300 PVAD $1 1.00000 2 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347 4 1.12551 0.88849 5 4.1836 1.15927 0.86261 5.3091 3.71710 4.3091 3.82861 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 7 8 9 11 1.38423 0.72242 1.22987 0.81309 1.26677 0.78941 8.8923 1.30477 0.76642 10.1591 10 1.34392 0.74409 11.4639 12.8078 14.1920 7.6625 6.23028 7.8923 6.41719 7.01969 9.1591 7.23028 7.78611 10.4639 8.01969 8.53020 11.8078 8.78611 9.25262 13.1920 9.53020 12 1.42576 0.70138 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 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Shelly wants to deposits $3,100 in a savings account on July 31, 2021. Assume the account will earn 3% annually. If she repeats this for the next 12 years, how much will she have on deposit on July 30, 2033?
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