Question: (b) The future value of saving $1.920 a year for five years at an annual interest rate of 6 percent. Use Exhibit 18 (Round time

 (b) The future value of saving $1.920 a year for five
years at an annual interest rate of 6 percent. Use Exhibit 18

(b) The future value of saving $1.920 a year for five years at an annual interest rate of 6 percent. Use Exhibit 18 (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Answer is complete but not entirely correct. Future value 5 13.392 61 Exhibit 1-B Future value (compounded sum) of $1 paid in at the end of each period for a given n Period 1% 2% 3% 4% 5% 6% 1 1.000 1.000 1.000 1.000 1.000 1.000 2 2.010 2.020 2.030 2.040 2.050 2.060 3 3.030 3.060 3.091 3.122 3.153 3.184 4 4.060 4.122 4.184 4.246 4.310 4.375 5 5.101 5.204 5.309 59416 5.526 5.637 6 6.152 6.308 6.468 6.633 6.802 6.975 7 7.214 7.434 7.662 7.898 8.142 8.394 R R286 RSA O2 no

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