Question: Brief Exercise 5-13 (Static) Future value; annuity due [LO5-7] You would like to contribute to a savings account over the next three years in

Brief Exercise 5-13 (Static) Future value; annuity due [LO5-7] You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to Europe. Assume an interest rate of 4%, compounded quarterly. How much will accumulate in three years by depositing $500 at the beginning of each of the next 12 quarters? Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) Table, Excel, or calculator function: Payment Future Value:

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