You have an eccentric aunt who has promised to deposit $5,125 in a savings account in your name. She has stated that you will not have access to the money for six years but that the money will be earning 7% 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 six years. Period 1% 2% 3% 4% 5% 6% 7% 8% 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 N 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 5 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 6 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 The account will have a balance of in six years (rounded to two decimal places)