6) Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
Julia wants to have $13,625 in 13 years. Calculate how much she should invest now at 6% interest, compounded quarterly in order to reach this goal.
a. $247.19
b. $6,257.96
c. $6,282.08
d. $9,251.65
9) Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
You wish to have $14,500 in 10 years. Find how much you should invest now at 6% interest, compounded quarterly in order to have $14,500, 10 years from now.
a. $5,027.44
b. $6,506.73
c. $7,993.27
d. $24,166.72
15) Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
Roby invests $21,250 at 8% interest, compounded quarterly for 7 years. Calculate the compound amount for his investment.
a. $15,746.89
b. $31,861.40
c. $33,150.00
d. $36,996.89
16) Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
Laura wants to have $5,000 in 10 years. Calculate how much she should invest now at 6% interest, compounded quarterly in order to reach this goal.
a. $1,733.60
b. $2,083.35
c. $2,243.70
d. $2,756.30
20. Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
Calculate the compound interest on an investment of $26,000 at 8% interest, compounded quarterly, for 3.5 years.
a. $7,280.00
b. $8,037.38
c. $8,306.48
d. $34,306.48
euurennuslaule 2.Jul TABLE 11-2 Present Value Table (Present Value of $1 at Compound Interest) Periods 9 1 % 1% 2% 3% 4% 5% 6% 7% 89 Periods 0.995020.99010 0.99007 0.98030 0.98515 0.97059 0.98025 0.96098 0.97537 0.95147 0.985220.98039 0.97087 0.97066 0.96117 094250 0.95632 0.94232 091514 0.94218 0.92385 0.88849 0.92826 0.905730.86261 0.96154 0.92456 0.88900 0.85480 0.82193 0.952380.94340 0.90703 0.89000 0.86384 0.83962 0.82270 0.79209 0.78353 0.74726 0.93458 0.87344 0.81630 0.76290 0.71299 0.92593 0.85734 0.79383 0.73503 0.68058 0.97052 0.96569 0.96089 0.95610 0.95135 0.94661 0.94191 0.93722 093256 0.92792 0.94205 0.93272 0.92348 0.91434 0.90529 0.89632 0.88745 0.87866 0.86996 0.86135 11 13 14 0.91454 0.90103 0.88771 0.87459 0.86167 0.84893 0.83639 0.82403 0.81185 0.79985 0.78803 0.77639 0.76491 0.75361 0.74247 0.73150 0.72069 0.71004 0.69954 0.68921 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.87056 0.81309 0.75992 0.71068 0.66506 0,62275 0.58349 0.85349 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.83676 0.76642 0.70259 0.644610.59190 0.54393 0.50025 0.82035 0.744090.67556 0.61391 0.55839 0.50835 0.46319 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.74301 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.72845 0.62317 0.53391 0.45811 0.39365 0.338730.29189 0.71416 0.605020 51337 0.43630 0.37136 0.31657 0.27027 0.70016 0.587390.49363 0.41552 0.35034 0.29586 0.25025 0.68643 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.67297 0.55368 0.45639 0.37689 0.31180 0.25842 0.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.19866 0.64684 0.52189 0.42196 034185 027751 0.22571 0.18394 0.63416 0.50669 0.40573 0.32557 0.26180 0.21095 0.17032 0.62172 0.49193 0.390120_31007 0.24698 0.19715 0.15770 0.609530.47761 0.37512 0.29530 0.233000.18425 0.14602 16 0.91871 0.91414 0.90959 0.90506 0.90056 0.89608 0.89162 0.88719 0.88277 0.84438 0.83602 0.82774 0.81954 0.81143 0.80340 0.79544 0.78757 0.77977 22 2 3 2 4 24 25 Periods Periods 9% 0.91743 0.84168 0.77218 0.70843 0.64993 1056 11% 0.90909 0.90090 0.82645 0.81162 0.75131 0.73119 0683016 0.68301 0.65873 0.62092 0.59345 125 0.89286 0.79719 0.71178 0.63552 0.56743 139 0.88496 0.78315 0.69305 0.61332 0.54276 145 0.87719 0.76947 0.67497 0.59208 051937 185 0.84746 0.71818 0.60863 0.51579 0.43711 5 0.59627 0.54703 0.50187 0.46043 0.42241 8 0.56447 0.51316 0.46651 0.42410 0.38554 0.53464 0.48166 0.43393 0.39092 0.35218 0.50663 0.45235 0 40388 0.36061 0.32197 0.48032 0.42506 0.37616 0.33288 0.29459 0.26070 0.23071 0.20416 0.18068 0.19989 15% 16% 17% 0.86957 0.86207 0.85470 0.75614 0.74316 0.73051 0.65752 0.64066 0.62437 0.57175 0.55229 0.53365 0.49718 0.47611 0.45611 0.43233 0.41044 0.38984 0.37594 0.35383 0.33320 0.32690 0.30503 0.28478 028426 0.26295 0.24340 0.24718 0.22668 0.20804 0.21494 0.19542 0.17781 0.186910.16846 0.15197 0.16253 0.145230.12989 0.14133 0.12520 0.11102 0.12289 0.10793 0.09489 0.45559 0.39964 0.35056 0.30751 0.26974 0.23662 0.20756 0.18207 0.15971 0.14010 0.37043 0.31393 0.26604 0.22546 0.19106 0.16192 0.13722 0.11629 0.09855 0,08352 13 0.38753 0.35553 0.32618 0.29925 0.27454 035049 0.31863 0.28966 0.26333 0.23939 031728 0.28584 0.25751 0.23199 0.20900 0.28748 0.25668 0.22917 0.20462 0.18270 15 MacBook Pro 2 3 4 5 6 7 - W E R T y u net/brecmbc9/11-table-1.pdf TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) Periods 1% 1.00500 1.01003 1.01508 102015 1.02525 2 1% 1.01000 1.02010 1.03030 1.04060 1.05101 1% 1.01500 1.03023 1.04568 1.06136 107728 2% 1.02000 1.04040 1.06121 1.08243 1.10408 3% 4% 1.03000 1.04000 06090 1.08160 1.092731.12486 1.12551 1.16986 2.15927 L21665 5% 105000 1.10250 1.15763 1.21551 1.27628 6% 1.06000 1.12360 1.19102 1.26248 1.33823 7% 1.07000 1.14490 1.22504 131080 1.40255 8% 1.08000 1.16640 125971 1.36049 146933 Perio 1 2 1.03038 1.03553 1.04071 1.04591 1.05114 1.06152 1.07214 1.08286 1.09369 1.10462 1.09344 1.10984 1.12549 1.14339 1.16054 1.34010 140710 1.47746 1.55133 L62889 1.41852 1.50073 1.50363160578 59385 1.71819 1.68948 83846 1.79085 196715 5 8687 1.71382 1.85099 1.99900 2.15892 10 1.12616 1.19405 1.26532 1.14869 1.22987 131593 1.17166 1.26677 1.19509130477 1.42331 1.21899 1.34392 1.48024 1.24337 1.38423 153945 1.26824 1.42576 1.60103 1.29361 1.468531.66507 1.31948 1.51259 1.73168 1.34587 1.55797130094 12 13 11 12 1.05640 1.06168 1.06699 1.07232 1.07768 1.11567 1.17795 1.12683 1.19562 1.13809 1.21355 1.14947 1.23176 2.16097125023 1.71034 1.89830 1.79586 201220 1.88565 2.13293 1.979932.26090 2.07893 2.39656 2.10485 233164 225219 251817 2.40985 2.71962 2.57853 2.93719 2759933.17217 13 1 4 15 17 18 1.08307 1.17258 1.08849 1.18430 1.093931.19615 1.09940 1.20811 1.10490 1.22019 1.26899 1.28802 1.30734 132695 134686 254035 2.69277 2.85434 3.02560 320714 2.95216 3.15882 3.37993 3.61653 3.86968 3.42594 3.70002 3.99502 4.31570 466096 19 19 1.37279 1.604711.87298 218287 1.40024 1.652852 94790 2.29202 1.42825 L70243 2.02582 2.40662 1.45681 1.75351 2.10685 252695 2.485951.80611219112 265330 1.51567 1.86029 2.27877 278596 1.54598 1.91610236992292526 1.576901.97359 245472 3.07152 1.60844 203279 256330 322510 1.64061209378 266584 3.38635 21 1.11042 1.11597 1.12155 1.12716 123239 1.24472 125716 1.26973 1.36706 1.38756 1.40838 1.42950 3.39956 4.14056 503383 3.60354 4.430405.43654 3.81975 4.740535.87146 404893 5.07237 634118 4291875.427436.84848 *UBE 25 Periods 115 Periods 99 10% 1.09000 1.18810 1.21000 1.29503133100 133100 1.41158 1.46410 1.53862 1.61051 23210 1.36763 151807 1.68506 129 1.12000 1.25140 1.40493 157352 1.76234 135 1.13000 1.27690 1.44290 1.63047 1.84244 145 14000 1.29960 1.48154 168896 1.92541 15% 1.15000 1 32250 1.52088 1.74901 201136 16% 1.16000 34560 1.56090 1.81064 2.10034 17% 185 1.17000 118000 136890 39240 160161 164303 2.873891.93878 2.19245 2.78776 1.67710 1.82804 199256 217189 236736 1.77156 1.87041 1.94872 207616 2.14359 230454 235795235804 259374 2.83942 1.97382 2.21068 2.47596 277308 3.10585 2.08195 235261 265844 300404 39457 2.19497 250227 285259 325195 3.70722 231306 2.66022 3.05902 3.51788 404556 24366 2926 3.27841 3.88296 414 256516 269955 3.00124 3551145 375885 4105404-3545 480683 523384 13 14 258043 281266 3.06580 3.34173 3.54248 2.85312 3.13843 3.4522 3.79750 4.17725 3.15176 3.49845 3.88328 431044 475+59 3.47855 3.83586 3.89598 433452 4363494.89801 4.88911 5.53475 5.47357 625427 423623 465239 481790 535025 6.15279 6.26135 707571 7.137948-13706 5.11725 593603 6.88579 7.98752 926552 5 62299 658007 769868 900745 10 5872 617593 728799 899936 10.1-724 11.92375 MacBook Pro GA 4 WE RT Y UI
