Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. If you invest 24000 each year for 15 years at 9 % interest, at the end of 15 years you will have? 4. if

3. If you invest 24000 each year for 15 years at 9 % interest, at the end of 15 years you will have?

4. if you invest 12000 each year for 17 years at 6 % interest at the end of 7 years you will have?

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

TABLE 1 Future Value of 1 Periods 4% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 1.08160 1.10250 1.123601.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 1.12486 1.15763 1.19102.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.52088 1.16986 1.21551 1.262481.31080 1.36049 1.41158 1.46410 1.518071.57352 1.74901 1.21665 1.27628 1.338231.40255 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 1.26532 1.34010 1.41852 .50073 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 1.31593 1.40710 1.50363 1.60578 1.71382 1.828041.94872 2.07616 2.21068 2.66002 1.36857 1.47746 1.593851.718191.85093 1.99256 2.14359 2.30454 2.47596 3.05902 1.42331 1.55133 1.689481.83846 1.99900 2.17189 2.35795 2.55803 2.77308 3.51788 1.48024 1.628891.790851.96715 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 1.53945 1.71034 1.898302.10485 2.33164 2.58043 2.85312 3.151763.47855 4.65239 1.60103 1.79586 2.01220 2.252192.51817 2.81267 3.13843 3.49845 3.89598 5.35025 1.665071.88565 2.132932.40985 2.71962 3.06581 3.45227 3.883284.36349 6.15279 1.73168 1.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.887117.07571 1.80094 2.078932.396562.75903 3.17217 3.64248 4.177254.78459 5.47357 8.13706 1.87298 2.182872.54035 2.95216 3.425943.97031 4.59497 5.31089 6.13039 9.35762 1.94790 2.29202 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 10.76126 2.02582 2.40662 2.85434 3.37993 3.99602 4.71712 5.559926.54355 7.68997 12.37545 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 14.23177 2.19112 2.65330 3.207143.86968 4.66096 5.60441 6.72750 8.06231 9.64629 16.36654 5% 6% 790 8% 9% 10% 11% 12% 15% 4 12 13 15 17 18 20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions