Knowledge Check

Davis Depot invested $$13,000$ in a savings account paying $6\%$ interest on January $1,2025,$ to accumulate funds to buy a new forklift on January $1,2030.$ What amount will be in the savings account as of January $1,2030?($For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places $($e$.$g$.,52\mathrm{.}75).)$

Table $1$: Future Value of a Single Amount

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