Your rich auntie promised to give you money in 3 years if you graduate from Cal Poly by then. After taking enough FRL3000 lectures you know that a wise thing to do would be to invest money and let it grow! And so your plan is to take the money that your auntie will give you and invest it for 6 years at an annual rate of 5.3%. So, how much money should you ask your rich auntie to give you if your goal is to have $12,000 in your bank account 9 years from today??

In this problem, you will be calculating... __________________(Pick the number that corresponds to the correct answer in the list below.)

1	...Future Value of a single cash flow
2	...Future Value of an annuity
3	...Present Value of an annuity
4	...Present Value of a single cash flow

In this problem, you will use________________ for the number of time periods in your formula (or in the financial calculator).

Your numerical answer to this problem is _________________. (Pick the number that corresponds to the correct answer in the list below.) (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, $10,000.23.)

1	$7,539.21
2	$7,910.31
3	$7,986.23
4	$8,411.80
5	$8,802.60
6	$9,560.46