You have an eccentric aunt who has promised to deposit $$7,375$ in a savings account in your name. She has stated that you will not

have access to the money for four years but that the money will be earning $5\%$ interest. At the designated future date, the principal and

interest will be yours to purchase a new car.

First gather the relevant data by completing the following table.

Present Value:

Period:

Rate of Interest:

Future Value Factor:

Next use the following table of future value factors or your financial calculator to calculate the future value of this money in four years.

The account will have a balance of

in four years $($rounded to two decimal places$).$