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  3. andrew and emma garfield invested $9,500 in a savi

Andrew and Emma Garfield invested $9,500 in a savings account paying 7% annual interest when...

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Accounting

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Andrew and Emma Garfield invested $9,500 in a savings account paying 7% annual interest when their daughter, Angela, was born They also deposited $2,500 on each of her birthdays until she was 17 (including her 17th birthday). Click below to view the factor tables. Table 1. Future Value of 1 Table 2. Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 17th birthday (after the last deposit)? (Round answer to 2 decimal places, eg, 25.25.) Amount on 17th birthday $

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