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PVAD $1 1.00000 Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 FVA $1 PVA $1 FVAD
PVAD $1 1.00000 Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 2 1.06090 0.94260 2.0300 1.91347 2.0909 3 1.09273 0.91514 3.0909 2.82861 3.1836 4 1.12551 @.88849 4.1836 3.71710 4.3091 5 1.15927 0.86261 5.3091 4.57971 5.4684 6 1.19405 0.83748 6.4684 5.41719 6.6625 7 1.22987 0.81309 7.6625 6.23028 7.8923 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 8 1.26677 0.78941 8.8923 7.01969 9.1591 7.23028 9 1.30477 0.76642 10.1591 7.78611 8.01969 8.78611 10 1.34392 0.74409 11.4639 10.4639 11.8078 13.1920 8.53020 11 1.38423 0.72242 9.53020 12 0.70138 1.42576 1.46853 12.8078 14.1920 15.6178 14.6178 16.0863 10.25262 10.95400 13 0.68095 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 14 1.51259 0.66112 17.5989 11.63496 17.0863 18.5989 15 1.55797 0.64186 19.1569 12.29607 16 1.60471 0.62317 20.1569 20.7616 12.93794 u want to invest $22,000 today to accumulate $24,760 to buy a car. If you can invest at an interest rate of 3% compounded annually, how many years will it take accumulate the required amount
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