Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

17. [ 10 points] a. Write the equation to calculate the Future worth of the cash flow using ONLY the Compound Interest tables Formula using

image text in transcribed
image text in transcribed
17. [ 10 points] a. Write the equation to calculate the Future worth of the cash flow using ONLY the Compound Interest tables Formula using the format T = W(X/H,i.n). b. Calculate the Future worth. F-20% n 5% 6% F/P P/F F/P P/F 1 1.050 0.9524 1595900.9434 2 1.103$1,000070 1.1.24 0.8900 3 1.158 0.8638 1.191 0.8396 4 1.216 0.8227 1.262 0.7921 5 + 1.276 0.7835 1.638 6.7473 61 1.8403 0.7462 1.419 6.7050 7 1.407 0.7197 = 100%,504 0.6651 F PAIN 0.6768 1.594 0.6274 9 1.551 0.6446 i 4.689 gef19 $11,098 1.629 0.6139 9.791 0.5584 11 1.710 0.5847 1.898 0.5268 12 1.796 0.5568 2.012 0.4970 13 :71886 0.5303 2.183 0.4688 Fn = P0+ .980 0.5051 la 3.161 09423 15 2.079 0.4810 2.397 0.41192 16 2.183 0.4581 2.540 0.3936 17 2.292 0.4363 2.693 0.3714 18 F2171)0.4155 2.854 0.3503 19 2.527 0.3957 3.026 0.3305 20 2.653 0.3769 3.207 0.3118 21 2.786 0.3589 3.400 0.2942 2.925 0.3418 3.604 0.2775 23 3.072 0.3256 3.820 0.2618 24 3.225 0.3101 4.049 0.2470 25 3.386 0.2953 4.292 0.2330 26 3.556 0.2812 4.549 0.2198 27 3.733 0.2678 4.822 0.2074 28 3.920 0.2551 5.112 0.1956 29 4.116 0.2429 5.418 0.1846 30 4.322 0.2314 5.743 0.1741 F/P P/F 1.100 0.90909 1.210 0.82645 1.331 0.75131 1.464 0.68301 You may use the following equations 1.611, 0.62092 1.772 0.56447 1.949 0.513161 2.144 0.46651 1358 0.42410 2.594 0.38554 2.853 0.35049 3.138 0.31863 m 3.452 0.28966 3.7971 0.26333 4.177 0.23939 4.595 0.21763 5.054 0.19784 5.560 0.17986 6.116 0.16351 6.727 0.14864 7.400 0.13513 8.140 0.12285 8.954 0.11168 9.850 0.10153 10.835 0.09230 11.918 0.08391 13.110 0.07628 14.421 0.06934 15.863 0.06304 17.449 0.05731 P 22 17. [ 10 points] a. Write the equation to calculate the Future worth of the cash flow using ONLY the Compound Interest tables Formula using the format T = W(X/H,i.n). b. Calculate the Future worth. F-20% n 5% 6% F/P P/F F/P P/F 1 1.050 0.9524 1595900.9434 2 1.103$1,000070 1.1.24 0.8900 3 1.158 0.8638 1.191 0.8396 4 1.216 0.8227 1.262 0.7921 5 + 1.276 0.7835 1.638 6.7473 61 1.8403 0.7462 1.419 6.7050 7 1.407 0.7197 = 100%,504 0.6651 F PAIN 0.6768 1.594 0.6274 9 1.551 0.6446 i 4.689 gef19 $11,098 1.629 0.6139 9.791 0.5584 11 1.710 0.5847 1.898 0.5268 12 1.796 0.5568 2.012 0.4970 13 :71886 0.5303 2.183 0.4688 Fn = P0+ .980 0.5051 la 3.161 09423 15 2.079 0.4810 2.397 0.41192 16 2.183 0.4581 2.540 0.3936 17 2.292 0.4363 2.693 0.3714 18 F2171)0.4155 2.854 0.3503 19 2.527 0.3957 3.026 0.3305 20 2.653 0.3769 3.207 0.3118 21 2.786 0.3589 3.400 0.2942 2.925 0.3418 3.604 0.2775 23 3.072 0.3256 3.820 0.2618 24 3.225 0.3101 4.049 0.2470 25 3.386 0.2953 4.292 0.2330 26 3.556 0.2812 4.549 0.2198 27 3.733 0.2678 4.822 0.2074 28 3.920 0.2551 5.112 0.1956 29 4.116 0.2429 5.418 0.1846 30 4.322 0.2314 5.743 0.1741 F/P P/F 1.100 0.90909 1.210 0.82645 1.331 0.75131 1.464 0.68301 You may use the following equations 1.611, 0.62092 1.772 0.56447 1.949 0.513161 2.144 0.46651 1358 0.42410 2.594 0.38554 2.853 0.35049 3.138 0.31863 m 3.452 0.28966 3.7971 0.26333 4.177 0.23939 4.595 0.21763 5.054 0.19784 5.560 0.17986 6.116 0.16351 6.727 0.14864 7.400 0.13513 8.140 0.12285 8.954 0.11168 9.850 0.10153 10.835 0.09230 11.918 0.08391 13.110 0.07628 14.421 0.06934 15.863 0.06304 17.449 0.05731 P 22

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Mathematics For Economic Analysis

Authors: Knut Sydsaeter, Peter Hammond, Arne Strom

4th Edition

0273760688, 9780273760689

More Books

Students also viewed these Finance questions