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Mr. Front Line estimates that he will need $13,000 every year for 6 years to...

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Accounting

Mr. Front Line estimates that he will need $13,000 every year for 6 years to fund his son's education. He is earning 4% annual on savings. How much will Steve need to have saved by the time the son goes to college to fund these six years (assume annual compounding)?
Time Value of Money Table Factors:
present value of annuity, period =6, interest rate =4%:5.24214
present value of $1, period =6, interest rate =4%:.79031
future value of annuity, period =6, interest rate =4%:6.6330
future value of $1, period =6, interest rate =4%:1.26532
present value of annuity, period =12, interest rate =2%:10.57534
present value of $1, period =12 interest rate =2%:.78849
future value of annuity, period =12, interest rate =2%:13.4121
future value of $1, period =12, interest rate =2%:1.26824
'Round your answer to a whole number.
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