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Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 6 FV $1 1.03000 1.06090 1.09273 1.12551
Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 6 FV $1 1.03000 1.06090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 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 0.72242 FVA $1 1.0000 2.0300 3.0909 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 PVA $1 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 FVAD $1 1.0300 2.0909 3.1836 4.3091 5.4684 6.6625 7.8923 9.1591 10.4639 11.8078 13.1920 PVAD $1 1.00000 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 9.53020 10.252621 7 8 9 10 11 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.954001 13 1.46853 0.68095 15.6178 10.63496 16.0863 14 15 16 1.51259 1.55797 1.60471 0.66112 0.64186 0.62317 17.0863 18.5989 20.1569 11.29607 11.93794 12.56110 17.5989 19.1569 20.7616 11.63496 12.29607 12.93794 At the end of each quarter, Patti deposits $1,800 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 2 years? Multiple Choice $17,263 $16,006. $15,754. $16,735
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