Problem 7-11 (LO7.3) In an attempt to have funds for a down payment in six years, James Dupont plans to save $3,900 a year for the next six years. With an interest rate of 4 percent, what amount will James have available for a down payment after the six years? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value down payment 1 11.000 1.000 1000 1.000 1.000 1.000 1.000 loc 1000 1,000 1.000 22010 2.020 200020402050 20002070 2000 20002100 2110 3.000 3.000 3.091 3.122 3.153 3.184 3.215 3246 3.278 3.310 3.342 4.000 122 4.184 244.310 43754.440 4500 4.573 4.6414710 5 5.101 5.204 530 5416 5526 56375.751 5.867 5.9851056.228 6 6.152 6.308 6468 6.633 6.802 6975 7.153 7.336 752 7.716 7.913 7.214 7434 7.662 7.898 8.142 8394 8.654 .923 9200 9A87 8 8280 8.5838.892 9214 540 9897 10260 10.637 11.0281.436 1.859 9360 9755 10.1510 583 11.027 11 491 11.978 12.488 13 02113.57014.164 10 10.462 1095011.464 12000 12.578 3.181 13.81614.487 15.193 15.93716 722 1111.567 12.16 12.808 13.486 14.207 14972 15.784 10.04517 500 18.331 13 1 15 16.097 17.293 18.599 20.02421.579 19.56 12 12.683 13.412 14.192 15,02615.917 16 870 17888 18.977 2014 21.384 22.713 13.800 14.680 15618 16.627 17 71318 882 20. 14121 49522 95324 52326.212 14 14.947 1.974 17.086 18.292 19.599 21 015 22 550 24.21526 01927 9750095 23 27625 12927.152 29 30 31.27234.405 16 17 258 18.639 20.157 21.825 23657 25673 27888 30.32433 00335 950 39 180 17 18430 20.012 21.762 23 608 25.840 2213 30 840 33.750 36 974 18 19615 21412 23.414 25.045 20.132 30900 33937 450 41301 45 39950 300 10 20.811 22841 25.11727671 30.539 33 760 37 379 41 440 46018 51.159 56.939 20 22019 24 297 26870 20778 33.000 367840995 45.762 SI 160 57.275 04.20a 28243 32030 36459 41 646 47727 54 865 63 249 7p 106 8470 98347 114.410 1 34.785 40.588 47 575 56 085 6 439 79058 9441 113280 136 31o 164 490 199.020 75.401 95 026 120.800 154 700 199 640 259060 33 800 442 590 381.830 668.800 50 04.463 84 5712 800 152 670 209 350 290 340 406 530 573.770 815080 1143900 1