1 Reference Periods 1 2 3 3% 0.971 0.943 0.915 0.888 0.863 4% 5% 0.962 0.952 0.925 0.907 0.889 0.864 0.855 0.823 0.822 0.784 6% 0.943 0.890 0.840 0.792 0.747 Present Value of $1 7% 8% 9% 10% 0.935 0.926 0.917 0.909 0.873 0.857 0.842 0.826 0.816 0.794 0.772 0.751 0.763 0.735 0.708 0.683 0.713 0.681 0.650 0.621 15% 0.870 0.756 0.658 0.572 0.497 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 4 an 8 m (F 1% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 0.914 0.905 0.896 0.887 0.879 0.870 0.861 6 7 8 9 10 0.837 0.813 0.789 0.766 0.744 0.790 0.760 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.665 0.627 0.592 0.558 0.630 0.583 0.540 0.500 0.463 0.596 0.547 0.502 0.460 0.422 0.564 0.513 0.467 0.424 0.386 12% 14% 0.893 0.877 0.797 0.769 0.712 0.675 0.636 0.592 0.567 0.519 0.507 0.456 0.452 0.400 0.404 0.351 0.361 0.308 0.322 0.270 0.287 0.237 0.257 0.208 0229 0.182 0.205 0.160 0.183 0.140 0.163 0.123 0.146 0.108 0.130 0.095 0.116 0.083 0.104 0.073 0.432 0.376 0.327 0.284 0.247 0.666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 16% 18% 20% 0.862 0.847 0.833 0.743 0.718 0.694 0.641 0.609 0.579 0.552 0.516 0.482 0.476 0.437 0.402 0.410 0.370 0.335 0.354 0.314 0.279 0.305 0.266 0.233 0.263 0.225 0.194 0.227 0.191 0.162 0.195 0.162 0.135 0.168 0.137 0.112 0.145 0.116 0.093 0.125 0.099 0.078 0.108 0.084 0.065 0.093 0.071 0.054 0.080 0.060 0.045 0.069 0.051 0.038 0.060 0.043 0.031 0.051 0.037 0.026 494 na's 11 12 13 14 15 0.804 0.788 0.773 0.758 0.743 0.585 0.557 0.530 0.505 0.481 0.527 0.497 0.469 0.442 0.417 0.429 0.397 0.368 0.340 0.315 0.388 0.356 0.326 0.299 0.275 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.215 0.187 0.163 0.141 0.123 0.107 0.093 0.081 0.070 0.061 16 17 18 19 20 0.853 0.844 0.836 0.828 0.820 0.728 0.714 0.700 0.686 0.673 0.458 0.436 0.416 0.396 0.377 0.394 0.371 0.350 0.331 0.312 0.339 0.317 0.296 0.277 0.258 0.292 0.270 0.250 0.232 0.215 0.252 0.231 0.212 0.194 0.178 any Print Done Reference Future Value of $1 Periods 1 1% 1.010 1.020 1.030 1.041 1.051 2 3 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 7% 1.070 1.145 1.225 1.311 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 2% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1.219 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 4 5 6 ft oy 7 8 9 10 1.062 1.072 1.083 1.094 1.105 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.501 1.606 1.718 1.838 1.967 1.587 1.714 1.851 1.999 2.159 1.772 1.949 2.144 2.358 2.594 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 1.419 1.504 1.594 1.689 1.791 1.898 2.012 2.133 2.261 2.397 st 2.313 2.660 3.059 3.518 4.046 4.652 5.350 6.153 7.076 8.137 1.677 1.828 1.993 2.172 2.367 2.580 2.813 3.066 3.342 3.642 gs 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 2.105 2.252 2.410 2.579 2.759 2.332 2.518 2.720 2.937 3.172 2.853 3.138 3.452 3.798 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.818 5.492 6.261 7.138 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 1.539 1.601 1.665 1.732 1.801 1.873 1.948 2.026 2.107 2.191 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.407 2.527 2.653 16 17 18 19 20 1.173 1.184 1.196 1.208 1.220 1.373 1.400 1.428 1.457 1.486 2.540 2.693 2.854 3.026 3.207 2.952 3.159 3.380 3.617 3.870 3.426 3.700 3.996 4.316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.727 6.130 6.866 7.690 8.613 9.646 8.137 9.276 10.58 12.06 13.74 9.358 10.76 12.38 14.23 16.37 hberi Print Done Reference sk ed 1 16% 0.862 1.605 2.248 2.798 3.274 18% 0.847 1.566 2.174 2.690 3.127 20% 0.833 1.528 2.108 2.589 2.991 em ne 8 Krem -8? (A 8 Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 5% 6% 7% 8% 9% 10% 12% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 2 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 3 2.941 2884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 5 4.853 4.713 4.5804452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 7.6527325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 9 8.566 8.162 7.786 7.435 7,108 6.802 6.515 6.247 5.995 5.759 5.328 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 11 10.3689.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 12. 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 14 13.004 12.106 11 296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 17 15,562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 18 16.398 14.992 13.754 12.659 11.690 10.828 10.0599.372 8.756 8.201 7.250 19 17.226 15.678 14.32413.13412.085 11.15810.336 9.604 8950 8.365 7.366 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 14% 15% 0.877 0.870 1.647 1.626 2.322 2.283 2.914 2.855 3.433 3.352 3.889 3.784 4.288 4.160 4.639 4.487 4.946 4.772 5.216 5.019 5.453 5.234 5.660 5.421 5.8425,583 6.002 5.724 6.142 5.847 6.265 5.954 6.373 6.047 6.467 6.128 6.550 6.198 6.623 6.259 a 49 artha's 3.685 3.498 3.326 4.039 3.812 3.605 4.344 4.078 3.837 4.607 4.303 4.031 4.833 4.494 4.192 5.029 4.656 4.327 5.197 4.793 4.439 5.342 4.910 4.533 5.468 5.008 4.611 5.575 5.092 4.675 5.669 6.162 4.730 5.749 5 222 4.775 5.818 5.273 4.812 5.877 5.316 4.844 5.929 5.353 4.870 Print Done nter any Reference Periods 1 1% 1.000 2.010 3.030 4.060 5.101 2 3 4 2% 1.000 2.020 3.060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.779 6.353 Hd 15% 1.000 2.150 3.473 4.993 6.742 5 14% 1.000 2.140 3.440 4.921 6.610 8.536 10.73 13.23 16.09 19.34 res Aft you 6 7 8 9 10 6.152 7.214 8.286 9.369 10.46 6.308 7.434 8.583 9.755 10.95 Future Value of Ordinary Annuity of $1 4% 5% 6% 7% 8% 9% 1.000 1.000 1.000 1.000 1.000 1.000 2.040 2.050 2.060 2.070 2.080 2.090 3.122 3.153 3.184 3.215 3.246 3.278 4.246 4.310 4.375 4.440 4.506 4.573 5.416 5.526 5.637 5.751 5.867 5.985 6.633 6.802 6.975 7.153 7.336 7.523 7.898 8.142 8.394 8.654 8.923 9.200 9.214 9.549 9.897 10.260 10.64 11.03 10.58 11.03 11.49 11.98 12.49 13.02 12.01 12.58 13.18 13.82 14.49 15.19 13.49 1421 14.97 15.78 16.65 17.56 15.03 15.92 16.87 17.89 18.98 20.14 16.63 17.71 18.88 20.14 21.50 22.95 18.29 19.60 21.02 22.55 24.21 26.02 20.02 21.58 23.28 25.13 27.15 29.36 21.82 23.66 25.67 27.89 30.32 33.00 23.70 25.84 28.21 30.84 33.75 36.97 25.65 28.13 30.91 34.00 3745 41.30 27.67 30.54 33.76 37.38 41.45 46.02 29.78 33.07 36.79 41.00 45.76 51.16 6.468 7.662 8.892 10.16 11.46 8.115 10.09 12.30 14.78 17.55 8.754 11.07 13.73 16.79 20.30 est 7.716 9.487 11.44 13.58 15.94 18.53 21.38 24.52 27.98 31.77 24.35 29.00 ngs 11 12 13 14 15 11.57 12.68 13.81 14.95 16.10 12.17 13.41 14.68 15.97 17.29 23.04 27.27 32.09 37.58 43.84 34.35 12.81 14.19 15.62 17.09 18.60 20.16 21.76 23.41 25.12 26.87 20.65 24.13 28.03 32.39 37.28 42.75 48.88 55.75 63.44 72.05 16 17 18 19 20 17.26 18.43 19.61 20.81 22.02 18.64 20.01 21.41 22.84 24.30 35.95 40.54 45.60 51.16 57.28 50.98 59.12 68.39 78.97 91.02 40.50 47.58 55.72 65.08 75.84 88.21 1024 mber Print Done * Requirements 1. How much money does Martha need now to fund her travels? 2. After speaking with a number of banks, Martha learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? ul w Print Done Martha wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $28,000 (if she needs more, she will work odd jobs). Martha believes she can invest her savings at 8% until she depletes her funds. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of S1 table.) Read the requirements Requirement 1. How much money does Martha need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 8% interest rate, Martha needs $ Requirement 2. After speaking with a number of banks, Martha learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? (Round your answer to the nearest whole dollar.) With a 4% interest rate, Martha would need $ of Martha's savings are earning a lower interest rato (4%), she will need to save to be able to withdraw $28,000 per year