00848 63002 06 69 31 9 278 88 704 95 2 025 11122 23456 78 3 8 239 4 7 19 36 01 72 11 26 1-7 8-13692 71742 125 1-1 1 1 1 2 23345 678 0 488 6-1 3581 48284 19892 1-1 1 1 12 22334 55679 19 2 295 52327 68218 550 827 882 9 469 1 8421 8 6 542 416 76 717 3746 090 2-12457 9247-48 599 %, 0 0 3 6 1 2448 94 38597 27 0-1 2346 135 81471 7 06009 74199 28072 18 $ 686666 2 2 567 801 34 2 66 07 59-01-22 4456 77890 633 025 7 569 91521 1631 3 4455 8042 11223 0012 69259 38 2479-46 96 6118 8 2 91 0289 0 0 12345 12345 6789 . Reference Future Value of Annuity of $1 Periods 10% 12% 14% 1.000 2.140 3.440 4.921 6.610 8.536 16% 1.000 20% 1.000 2.020 3.060 1.000 2.030 3.091 .000 2.040 1.000 2.060 1.000 2.080 3.246 4.506 5.867 7.336 8.923 0.637 11.436 12.300 13.233 14.2405.327 16.499 12.488 13.579 14.776 16.08517.519 19.08620.799 2.010 2.050 2.120 3.374 4.779 6.353 2.200 3.640 5.368 7.442 9.930 11.41412.142 12.916 3.310 4.641 3.506 5.066 6.877 8.977 4.375 5.637 6.975 8.394 9.897 711.491 4 4.246 5.416 6.633 7.898 9.214 4.310 5.215 5.309 6.468 7.662 8.892 0.159 10.583 11.02 5.204 6.308 7.434 8.583 5.526 6.802 9.549 7.716 9.487 9.442 7.214 8.286 10.46210.95011.464 12.006 12.57813.18114.487 15.93717.54919.33721.321 23.521 25.959 11.567 12.169 12.808 13.486 12.683 13.41214.192 15.026 15.917 6.87018.977 21.384 24.13327.27130.850 34.93139.581 13.809 14.680 15.618 14.947 5.97417.086 18.29219.59921.01524.215 27.97532.39337.58143.672 50.818 59.196 16.097 17.29318.59920.024 21.57923.27627.152 31.772 37.280 43.84251.660 60.965 72.035 14.207 14.972 16.645 18.531 20.655 23.04525.733 28.755 32.150 13 18 16.627 17.713 18.882 21.495 24.523 28.029 32.08936.786 42.21948.497 15 20 25 30 40 22.019 24.297 26.870 29.77833.066 36.78645.76257.275 72.05291.025 115.380 146.628186.688 28.243 32.030 36.45941.646 47.727 54.865 73.106 98.347 133.334 181.871 249.214 342.603471.981 34.78540.568 47.57556.085 66.43979.058113.283 164.494 241.333 356.787530.312 790.948 1,181.882 48.886 60.402 75.401 01 95.026120.800154.762259.057 442.593 767.0911,342.0252,360.757 4,163.2137,343.858 Print Done Reference Present Value of Annuity of $1 Periods 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 1 0.990 0.9800.9710.9620.9520.943 0.926 0.909 0.8930.877 0.862 0.847 0.833 2 1.9701.942 1.913 1.8861.8591.8331.783 1.736 1.690 1.647 1.6051.5661.528 3 2.9412.884 2.829 2.775 2.723 2.6732.577 2.487 2.402 2.322 2.246 2.174 2.106 43.902 3.808 3.7173.6303.5463.465 3.312 3.170 3.037 2.914 2.7982.690 2.589 54.853 4.7134.5804.4524.329 4.212 3.9933.7913.605 3.4333.2743.127 2.991 65.7955.6015.417 5.2425.0764.917 4.6234.3554.1113.8893.6853.4983.326 7 6.7286.472 6.230 6.002 5.7865.5825.2064.868 4.5644.288 4.039 3.812 3.605 8 7.652 7.3257.0206.7336.4636.210 5.7475.3354.9684.639 4.3444.0783.837 98.5668.162 7.7867.435 7.108 6.802 6.2475.7595.3284.946 4.6074.303 4.031 10 9.4718.9838.5308.1117.7227.360 6.7106.1455.650 5.216 4.8334.4944.192 1110.368 9.7879.2538.7608.306 7.887 7.139 6.495 5.9385.4535.0294.656 4.327 12 11.255 10.575 9.9549.3858.8638.3847.5366.8146.1945.6605.1974.7934.439 13 12.134 11.348 10.635 9.9869.3948.8537.9047.103 6.424 5.842 5.342 4.910 4.533 14 13.004 12.106 11.296 10.5639.8999.2958.2447.3676.6286.0025.4685.0084.611 15 13.865 12.849 11.938 11.118 10.3809.712 8.5597.606 6.811 6.142 5.5755.092 4.675 20 18.046 16.351 14.877 13.590 12.462 11.470 9.8188.514 7.4696.623 5.9295.3534.870 25 22.023 19.523 17.41315.622 14.094 12.783 10.675 9.077 7.843 6.873 6.097 5.4674.948 30 25.808 22.396 19.600 17.29215.372 13.765 11.2589.4278.055 7.003 6.1775.517 4.979 4032.83527.35523.115 19.793 17.15915.046 11.9259.7798.244 7.105 6.2335.5484.997 Print Done Assume you make the following investments: a. You invest a lump sum of $8,250 for three years at 14% interest. What is the investment's value at the end of three years? b, In a different account earning 14% interest, you invest $2,750 at the end of each year for three years. What is the investment's value at the end of three years? c. What general rule of thumb explains the difference in the investments' future values? (Click the icon to view the future value factor table.) (Click the icon to view the present value factor table.) Click the icon to view the present value annuity factor table.) (Click the icon to view the future value annuity factor table.) a. You invest a lump sum of $8,250 for three years at 14% interest. What is the investment's value at the end of three years? (Round your answer to the nearest whole dollar.) Investment's value
