Using the chart below, excel, or your calculator: If Fred deposits $12,650 into a savings account today and this savings account compounds at 5% interest per year, how much money will he have at the end of 11 years? Round your answer to the nearest dollar. FV SS, TABLE 6.1 Future Value of 1 (Future Value of a Single Sum) PFod= (1 nghi ng (n) Periods 1 67899 10 11 12 $6,976 $8,546 O $26,636 $21,636 2% 1,02000 1.04040 1.06121 1.08243 1.10408 1.12616 1.14869 1.17166 1.19509 1.21899 1.24337 1.26824 2%% 1.02500 1.05063 1.07689 1.10381 1.13141 1.15969 1.18869 1,21840 1.24886 1.28008 1.31209 1.34489 3% 1.03000 1.06090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 1.34392 1.38423 1.42576 4% 1.04000 1.08160 1.12486 1.16986 1.21665 1.26532 1.31593 1.38857 1.42331 1.48024 1.53945 1.60103 5% 1.05000 1.10250 1.15763 1.21551 1.27628 1.34010 1.40710 1.47746 1.55133 1.62889 1.71034 1.79586 6% 1.06000 1.12360 1.19102 1.26248 1.33823 1.41852 1.50363 1.59385 1.68948 1.79085 1.89830 2.01220

Using the chart below, excel, or your calculator: if Fred deposits $12,650 into a savings account todwy and this savings account compounds at 5% interest per year, how much money will he have at the end of 11 years? Round your answer to the nearest dollar: 16,976 $26,636 $21,636