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Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6%
Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6% per period Periods FV of $1 1 1.0600 2 1.1236 3 1.1910 4 1.2625 5 1.3382 PV of $1 9434 .8900 .8396 .7921 .7473 FVA of $1 2.0600 3.1836 4.3746 5.6371 6.9753 PVA of $1 0.9434 1.8334 2.6730 3.4651 4.2124 If $5,200 is put in a savings account each year paying interest of 6% compounded annually, what amount will be in the account at the end of 4 years?
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