Present and future value tables of $1 at 3% are presented below. N 1 2. 3 4 5 6 7 8 9 le FV $1 PV $1 1.03000 0.97087 1.06090 0.94260 1.09273 0.91514 1.12551 0.88849 1.15927 0.86261 1.19405 0.83748 1.22987 0.81309 1.26677 0.78941 1.38477 0.76642 1.34392 0.74409 1.38423 0.72242 1.42576 0.70138 1.468530.68095 1.51259 0.66112 1.55797 0.64186 1.60471 0.62317 FVA $1 1.8900 2.300 3.6909 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.0863 18.5989 20.1569 PVA $1 0.97887 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63495 11.29607 11.93794 12.56110 FVAD $1 1.0300 2.0909 3.1836 4.3891 5.4684 6.6625 7.8923 9.1591 10.4639 11.8078 13.1920 14.6178 16.0863 17.5989 19.1569 20.7616 PVAD $1 1. eeeee 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 7.23028 8.01959 8.78611 9.53020 10.25262 10.95400 11.63496 12.29607 12.93794 11 12 13 14 15 16 You want to invest $20,000 today to accumulate $22,500 to buy a car. If you can invest at an interest rate of 3% compounded annually, how many years wil it take to accumulate the required amount