1. Your grandparents put $1,000 into a saving account for you when you were born 25 years ago. This account has been earning interest at a compound rate of 8%. Fill out the table below. What is its value today?

	Amount	Interest	End of year
Year	Deposited	Earned	Balance
0	1,000.00	0.00	1,000.00
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
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18
19
20
21
22
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25

The amount saved should be about $6,848.48