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Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 FV $1 1.03000 106090 1.09273 1.12551 1.15927
Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 FV $1 1.03000 106090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 130477 1.34392 1.38423 PV $1 0.97087 0.94260 0.91514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 072242 FVA $1 1.0000 20300 3.0909 4.1836 5.3091 6.4684 76625 8.8923 10.1591 11.4639 12.8078 PVA $1 0.97087 1.91347 2.82861 3.71710 4.57971 5,41719 6.23028 701969 778611 8.53020 9.25262 FVAD $1 1.0300 20909 3.1836 4.3091 5.4684 6.6625 7.8923 9.1591 10,4639 11.8078 13.1920 6 PVAD $1 1.00000 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 723028 8.01969 8.78611 9.53020 10.25262 7 8 9 10 11 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.95400 13 1.46853 0.68095 15.6178 10.63496 16.0863 14 15 1.51259 1.55797 160471 0.66112 0.64186 0.62317 170863 18.5989 20.1569 11.29607 11.93794 12.56110 17.5989 19.1569 20.7616 11.63496 12.29607 12.93794 16 Sondra deposits $2,500 in an IRA account on April 15, 2016. Assume the account will earn 3% annually. If she repeats this for the next 12 years, how much will she have on deposit on April 14, 2028? Multiple Choice $32,980
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