8% 10% 11% 12% Periods 9% 1.09000 1.18810 1.11000 1 1.10000 1.21000 2 1.08000 1.16640 1.25971 1.36049 1.46933 15% 1.15000 1.32250 1.52088 1.74901 2.01136 1.29503 1.41158 1.53862 3 1.12000 1.25440 1.40493 1.57352 1.76234 1.23210 1.36763 1.51807 1.68506 1.33100 1.46410 1.61051 4 5 6 1.58687 1.71382 1.85093 1.99900 2.15892 1.67710 1.82804 1.99256 2.17189 2.36736 1.77156 1.94872 2.14359 2.35795 2.59374 1.87041 2.07616 2.30454 2.55803 2.83942 1.97382 2.21068 2.47596 2.77308 3.10585 2.31306 2.66002 3.05902 3-51788 4.04556 7 8 9 10 11 12 2.33164 2.51817 2.71962 2.93719 3.17217 2.58043 2.81267 3.06581 3-34173 3.64248 2.85312 3.13843 3-45227 3.79750 4.17725 3.15176 3.49845 3.88328 4.31044 4.78459 3-47855 3.89598 4.36349 4.88711 5.47357 4.65239 5.35025 6.15279 7.07571 8.13706 13 14 15 16 3.42594 3.70002 3.99602 4-31570 4.66096 3.97031 4.32763 4.71712 5.14166 5.60441 4-59497 5.05447 5-55992 6.11591 6.72750 5-31089 5.89509 6.54355 7.26334 8.06231 6.13039 6.86604 7.68997 8.61276 9.64629 9.35762 10.76126 12.37545 14.23177 16.36654 17 18 19 20 8.94917 21 5.03383 5.43654 6.10881 6.65860 7.40025 8.14028 10.80385 12.10031 18.82152 21.64475 9.93357 22 1. Future Value of 1 Table. Contains the amounts to which 1 will accumulate if deposited now at a specified rate and left for a specified number of periods (Table 6.1). TABLE 6.1 Future Value of 1 (Future Value of a Single Sum) FVFn,i = (1 + i)" (n) Periods 2% 212% 3% 4% 5% 6% 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 3 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 4 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 5 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1 2 6 7 8 1.12616 1.14869 1.17166 1.19509 1.21899 1.15969 1.18869 1.21840 1.24886 1.28008 1.19405 1.22987 1.26677 1.30477 1.34392 1.26532 1.31593 1.36857 1.42331 1.48024 1.34010 1.40710 1.47746 1.55133 1.62889 1.41852 1.50363 1.59385 1.68948 1.79085 9 10 11 1.89830 2.01220 12 13 1.24337 1.26824 1.29361 1.31948 1.34587 1.31209 1.34489 1.37851 1.41297 1.44830 1.38423 1.42576 1.46853 1.51259 1.55797 1.53945 1.60103 1.66507 1.73168 1.80094 1.71034 1.79586 1.88565 1.97993 2.07893 14 15 2.13293 2.26090 2.39656 16 17 18 1.37279 1.40024 1.42825 1.45681 1.48595 1.48451 1.52162 1.55966 1.59865 1.63862 1.60471 1.65285 1.70243 1.75351 1.80611 1.87298 1.94790 2.02582 2.10685 2.19112 2.18287 2.29202 2.40662 2.52695 2.65330 2.54035 2.69277 2.85434 3.02560 3.20714 19 20 Stacy Willis will invest $29,400 today. She needs $31,200 in 3 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to 0 decimal places, eg. 7%.) Interest rate %
