Question: Dave has saved $31,000 for a down payment on a home and plans to save another $6100 at the end of each year for the

Dave has saved $31,000 for a down payment on a home and plans to save another $6100 at the end of each year for the next five years. He expects to earn 2.80% compounded annually on his savings. How much will he have in five years' time? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value?

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