Problem $1-10$ Using the Time Value of Money for Retirement Planning $[$LO$1-4]$

Carla Lopez deposits $$3,000$ a year into her retirement account. If these funds have an average earning of $5$ percent over the $50$

years until her retirement, what will be the value of her retirement account? $($Exhibit $1-$A$,$ Exhibit $1-$B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round time value factor to $3$ decimal places and final answer to the

nearest whole number.

Future value of retirement account