Ty is entering high school and is determined to save money for college. Ty feels he can save $2,500 each year for the next four years from his part-time job. If Ty is able to invest at 8%, how much will he have when he starts college?

S12A-15 (similar to) Question Help Ty is entering high school and is determined to save money for college. Ty feels he can save $2,500 each year for the next four years from his part-time job. If Ty is able to invest at 8%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.). (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) (Round your answer to the nearest dollar.) Ty will have $ when he starts college. O Reference 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 Periods 1% 0.990 0.980 0.971 10.961 5 0.951 0.942 0.933 8 0.923 9 0.914 0.905 0.896 12 0.887 0.879 0.870 0.861 0.853 0.844 18 0.836 19 0.828 20 0.820 21 0.811 16% 0.862 0.8 0.743 0.7 0.6410.6 0.552 0.5 0.476 0.4 0.410 0.3 0.354 0.305 2% 3% 0.980 0.971 0.961 0.943 0.942 0.915 0.924 0.888 0.906 0.863 0.888 0.837 0.871 0.813 0.853 0.789 0.837 0.766 0.820 0.744 0.8040.722 0.788 0.701 0.773 0.681 0.758 0.661 0.743 0.642 0.7280.623 0.714 0.605 0.700 0.587 0.686 0.570 0.673 0.554 0.660 0.538 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.439 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 Present Value of $1 5% 6% 7% 8% 12% 0.952 0.943 0.935 0.926 0.917 0.9090.893 0.9070.890 0.873 0.8570.842 0.826 0.797 0.864 0.840 0.816 0.7940.772 0.751 0.712 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.677 0.627 0.5820.540 0.502 0.467 0.404 0.645 0.592 0.544 0.500 0.460 0.424 0.361 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.557 0.497 0.444 0.397 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.458 0.394 0.3390.292 0.252 0.218 0.163 0.436 0.371 0.317 | 0.270 0.231 0.198 0.146 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.377 0.3120.258 0.215 0.178 0.149 0.104 0.359 0.2940.242 0.1990.1640.135 0.093 0.247 0.215 13 0.182 0.163 0.1600.141 0.140 0.123 0.123 0.107 0.108 0.093 0.095 0.081 0.083 0.070 0.073 0.061 0.064 0.053 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 0.044 od Print [Done ] Print Done Tear Ar - TUUR AISW / / i Reference / / 1 189 / se 5% e Periods 1 2 3 4 5 6 7 8 9 1% 1.010 1.020 1.020 1.040 1.030 1.061 1.041 1.082 1.051 1.104 1.062 1.126 1.072 1.149 1.083 1.172 1.094 1.195 1.105 | 1.219 1.116 1.243 1.127 1.268 1.138 1.294 1.319 1.161 1.346 1.173 1.373 1.184 1.400 1.196 1.428 1.208 1.457 1.220 1.486 1.232 1.516 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 1.860 Future Value of $1 6% 7% 8% 9% 10% 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.0821.103 1.1241.145 1.166 1.188 1.210 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.170 1.216 1.262 1.311 1.360 1412 1.464 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.316 1.407 1.504 1.606 1.7141.828 1.949 1.369 1.4771.594 1.7181.851 1.993 2.144 1.423 1.551 1.689 1.838 1.999 2.172 2.358 1.480 1.629 1.7911.967 2.159 2.367 2.594 1.539 1.7101.898 2.105 2.332 2.580 2.853 1.601 1.796 2.012 2.252 2.518 2.813 3.138 1.665 1.886 2.133 | 2.410 2.720 3.066 3.452 1.732 1.980 2.261 2.579 2.937 3.342 3.798 1.801 2.079 2.397 2.759 3.1723.642 4.177 1.873 2.183 2.183 2.540 2.540 2.952 2.952 3.426 3.970 4.595 1.948 2.292 2.693 3.159 3.700 4.328 5.054 2.026 2.407 2.854 3.380 3.996 4.717 5.560 2.107 2.527 3.026 3.617 4.316 5.142 6.116 2.191 2.653 3.207 3.870 4.661 5.604 6.727 2.279 2.786 3.400 4.141 5.034 6.109 | 7.400 12% 14% 1.120 1.140 1.254 1.300 1.405 1.482 1.574 1.689 1.762 1.925 1.974 2.195 2.211 2.502 2.476 2.853 2.773 3.252 3.106 3.707 3.479 4.226 3.896 4.818 4.363 5.492 4.8876.261 5.474 7.138 6.130 8.137 6.866 9.276 7.690 10.58 8.613 12.06 9.646 13.74 10.80 15.67 15% 1.150 1.323 1.521 1.749 2.011 2.313 2.660 3.059 3.518 4.046 4.652 5.350 6.153 7.076 8.137 9.358 10.76 12.38 14.23 16.37 18.82 15 16 17 18 19 20 Done * Reference Periods 15% 0.870 1.626 2.283 16% 0.862 1.605 18 0.8 1.5 2.6 3.1 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 1.970 1.942 1.913 1.886 1.859 1.833 1,808 1.783 1.759 1.736 1.6901.647 2.9412.8842.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.3123.240 3.170 3.037 2.914 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 | 3.605 3.433 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.4864355 4.111 3.889 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.8684,564 4288 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.535 5.335 4.968 4.639 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 10.368 9.7879.253 8.760 8.3067.8877.499 7.139 6.805 6.495 5.938 5.453 11.255 10.575 9.954 9.385 8.8638.384 7.943 7.536 7.1616.814 6.194 5.660 12.134 11.348 10.635 9.986 9.3948.853 8.358 7.904 7487 7.103 6.424 5.842 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 15.562 14.292 13.166 12.166 11.274 10.4779.763 9.122 8.5448.022 7.120 6.373 16.398 14.992 13.754 12.659 11.690 10.828 10.0599.372 8.756 8.2017.250 6.467 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 18.046 16.351 14.877 13.590 12.462 11.470 10.5949.818 9.129 8.514 7.469 6.623 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.6497.562 6.687 3.352 3.784 4.160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5.847 5.954 6.047 6.128 6.198 6.259 6.312 3.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.669 5.749 5.818 5.877 5.929 5.973 Print Done CE&A Reference Periods 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.46 11.57 12.68 13.81 14.95 16.10 17.26 18.43 19.61 20.81 22.02 23.24 Future Value of Ordinary Annuity of $1 2% 3% 4% 5% 6% 7% 8% 9% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 3.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 4.122 4.184 | 4.246 4.3104.375 4.440 4.506 4.573 5.204 5.309 5.416 5.526 5.637 5.7515.867 5.985 6.308 6.468 6.633 6.8026.975 7.1537.336 7.523 7.4347.662 7.898 8.142 8.394 8.654 8.923 9.200 8.583 8.8929.214 9.549 9.897 10.260 10.64 11.03 9.755 10.16 10.58 11.03 | 11.49 11.98 12.49 13.02 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 14.68 15.62 16.63 17.71 20.14 21.50 22.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 17.29 18.60 20.02 21.58 23.28 27.15 29.36 18.64 20.16 21.82 23.66 30.32 33.00 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 25.7828.68 31.97 35.72 39.99 44.87 50.42 56.76 10% 1.000 2.100 3.310 4.641 6.105 7.716 9.487 11.44 13.58 15.94 18.53 21.38 24.52 27.98 31.77 35.95 40.54 45.60 51.16 57.28 64.00 12% 1.000 2.120 3.374 4.779 6.353 8.115 10.09 12.30 14.78 17.55 20.65 24.13 28.03 32.39 37.28 42.75 48.88 55.75 63.44 72.05 81.70 14% 1.000 2.140 3.440 4.921 6.610 8.536 10.73 13.23 16.09 19.34 23.04 27.27 32.09 37.58 43.84 50.98 59.12 68.39 78.97 91.02 104.8 15% 1.000 2.150 3.473 4.993 6.742 8.754 11.07 13.73 16.79 20.30 24.35 29.00 34.35 40.50 18.88 512 25.67 27.89 55.72 65.08 75.84 88.21 102.4 118.8 Print Done Clear All ULTUUN ASWE