Question: Brief Exercise C-3 Calculate the future value of a single amount (LOC-2) Arnold and Helene would like to visit Austria in two years to celebrate

Brief Exercise C-3 Calculate the future value of a single amount (LOC-2) Arnold and Helene would like to visit Austria in two years to celebrate their 25th wedding anniversary. Currently, the couple has saved $27,000, but they expect the trip to cost $31,000. 1-a. If they put $27,000 in an account that earns 7% interest, compounded annually, how much will they have in two years? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Future value

Brief Exercise C-3 Calculate the future value of a single amount (LOC-2) Arnold and Helene would like to visit Austria in two years to celebrate their 25th wedding anniversary. Currently, the couple has saved $27,000, but they expect the trip to cost $31,000. 1-a. If they put $27,000 in an account that earns 7% interest, compounded annually, how much will they have in two years? (FV of $1, PV of $1, FVA of $1, and PVA of \$1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)

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