Problem $9-20(Algo)$ Future value $[LO9-2]$

Kai Chang made $a$ $$6,000$ deposit $in$ her savings account $on$ her $21st$ birthday, and she has made

another $$6,000$ deposit $on$ every birthday since then. Her account earns $7$ percent compounded

annually.

How much will she have $in$ the account after she makes the deposit $on$ her $32nd$ birthday? Use Appendix

$C_{?}$ for $an$ approximate answer, but calculate your final answer using the formula and financial calculator

methods.

Note: $Do$ not round intermediate calculations. Round your final answer $to2$ decimal places.

Future value