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Present and future values of $1 at 3% are presented below. N FV $1 ed 1 123456 1.03000 PV $1 0.97087 FVA $1 1.0000 PVA

image text in transcribed Present and future values of $1 at 3% are presented below. N FV $1 ed 1 123456 1.03000 PV $1 0.97087 FVA $1 1.0000 PVA $1 0.97087 FVAD $1 1.0300 PVAD $1 1.00000 1.06090 0.94260 2.0300 1.91347 1.09273 0.91514 3.0909 2.82861 2.0909 1.97087 3.1836 2.91347 B 9 1.12551 0.88849 1.15927 0.86261 1.19405 0.83748 7 1.22987 0.81309 1.26677 0.78941 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 4.1836 3.71710 4.3091 3.82861 12.8078 14.1920 5.3091 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 11.4639 8.53020 11.8078 8.78611 9.25262 13.1920 9.95400 14.6178 10.25262 9.53020 16 1.60471 0.62317 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 Today, $160,000 is deposited in an investment account paying 3% interest compounding quarterly. How much will accumulate in the investment account at the end of four years

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