Question: Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is

Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6% per period Periods FV of $1 PV of $1 FVA of $1 PVA of $1 1 1.0600 .9434 2.0600 0.9434 2 1.1236 .8900 3.1836 1.8334 3 1.1910 .8396 4.3746 2.6730 4 1.2625 .7921 5.6371 3.4651 5 1.3382 .7473 6.9753 4.2124 If $4500 is put in a savings account paying interest of 6% compounded annually, what amount will be in the account at the end of 4 years? Selected Answer: [None Given] Correct Answer: 5,681 2

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