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After paying off a car loan or credit card, dont remove this amount from your budget. Instead, invest in your future by applying some of
After paying off a car loan or credit card, dont remove this amount from your budget. Instead, invest in your future by applying some of it to your retirement account. How much would $520 invested at the end of each quarter be worth in 12 years at 6% interest? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
Amount of after 12 years $
Future value interest factor of an ordinary annuity of $1 per period at i% for n periods. FVIFA(im) 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.00001.00OD 1.0000 1.0000 1.00001.0000 1.0000 1.0000 1.0000 1.000 2 2.0050 20100 2.0150 2.0200 2.0250 2.03002.0350 2.04002.0450 2.0500 20550 2.0600 20650 207002.0750 2.0800 2.0850 2.0900 2.0950 3 3.0150 3.0301 3.0452 3.0604 30756 3.09093.1062 3.1216 3.1370 3.15253.1680 3.18363.1992 321493.2306 324643.2622 3.2781 3.2940 4 4.0301 4.0604 4.0909 4.1216 4.1525 4.1836 4.2149 42465 4.2782 4.3101 43423 4.37464.4072 4.4399 4.4729 4.5061 4.5395 4.5731 4.6070 5 5.0503 5.1010 5.1523 5.2040 5.2563 5.30915.3625 5.41635.4707 5.52565.5811 5.6371 5.6936 5.75075.8084 5.8666 5.9254 5.9847 6.0446 6 6.0755 6.1520 6.2296 6.3081 6.3877 6.46846.5502 6.63306.7169 6.801961 6.97537.06377.1533 2440 7.335974290 7.52337.6189 7 7.1059 7.2135 7.3230 7.4343 7.5474 7.66257.7794 7.89838.0192 814208.269 8.3938 8.5229 8.65408.7873 8.92289.0605 9.20049.342 8 8.1414 8.2857 8.4328 8.5830 8.7361 8.89239.0517 9.21429.3800 9.5491 9.7216 9.8975 10.0769 10.2598 10.4464 10.6366 10.8306 11.0285 11.2302 11.4359 9 9.1821 9.3685 9.5593 9.7546 9.9545 10.1591 10.3685 10.5828 10.8021 11.0266 11.2563 11.4913 11.7319 11.9780 12.2298 124876 12.7512 13.0210 13.2971 13.5795 10 10.2280 104822 10.7027 10.949711.2034 11.4639 11.7314 12.006112 2882 125779 12 8754 13.1808 13 4944 13.8164 14.1471 14.4866 14.8351 15.1929 15.5603 15.9374 11 11.2792 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 14.2068 14.5835 14.9716 15.3716 15.7836 16.2081 16.6455 17.0961 17.5603 18.0385 18.5312 12 12.3356 126825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 15.9171 16.3856 16.869917.3707 17.888518.4237 18.9771 19.5492 20.1407 20.7522 21.3843 13 13.3972 13.8093 14.2368 14.6803 |15.1404 15.6178 16.1130 16.6268 17.1599 17130 18 2868 18.8821 19.4998 201406 20.8055 21.4953 22 210 22.9534 23.7236 24 5227 14 14.4642 14.9474 15.4504 15.9739 16.5190 17.0863 17.6770 18.2919 18.9321 19.5986 20.2926 21.0151 21.7673 225505 23.3659 24.2149 25.0989 26.0192 26.9774 27.9750 15 15.5365 16.0969 16.6821 17.2934 |17.9319 18.5989 19.295 20.0236 20.7841 21.5786 22 4087 23.2760 24.1822 25.1290 26.1184 27.1521 28.2323 29.3609 30.5402 31.7725 16 16.6142 17 2579 17.9324 18.6393 19.3802 20.1569 20.9710 218245 22.7193 23.657524.6411 25.6725 26.7540 27.8881 29.0772 30.3243 31.6320 33.0034 34.4416 35.9497 17 17.6973 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 24.7417 25.8404 26.9964 28.2129 29.4930 30.8402 32.2580 33.7502 35.3207 36.9737 38.7135 40.5447 18 18.7858 19.6147 |20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 26.8551 28.1324 29.4812 30.9057 324101 33.9990 35.6774 37.4502 39.3230 41.3013 43.3913 45.5992 19 19.8797 20.8109 21.7967 22.8406 |23.9460 25.1169 26.3572 27.6712 29.0636 30.5390 32 102 33760035.516 37.379039.3532 41.4463 43.6654 46.0185 48.5135 51.1591 20 20.9791 220190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 31.3714 33.0660 348683 36.7856 38.8253 40.9955 43.3047 45.7620 48.3770 51.1601 54.1222 57.2750 21 22.0840 23.2392 24.4705 25.7833 27.1833 28.6765 30.2695 31.9692 33.78335.7193 37.7861 39.9927 423490 44.8652 47.5525 50.4229 53.4891 56.7645 60.2638 64.0025 22 23.1944 24.4716 258376 27.2990 28.8629 30.5368 32.3289 34.2480 36.3034 38.5052 40.8643 43.392346.1016 49.005752.1190 55.4568 59.0356 62.8733 66.9889 71.4027 23 24.3104 25.7163 27.2251 28.8450 30,5844 324529 34.4604 36.6179 38.9370 414305 44.1118 46.9958500982 53 4361 57.0279 60.8933 65.0537 69.5319 74.3529 79.5430 6.888 25 26.5591 28.2432 30.0630 32.030334.1578 36.459338.9499 41.6459 44.5652 47.7271 51.1526 54.864558.887T 63.2490 67.9779 73.1059 78.6678 84.7009 91.2459 98.3471 26 27.6919 29.5255 31.5140 33.6709 36.0117 38.553041.3131 443117 47.5706 51.1135 54 9660 59.156463.7154 68.676574.0762 79.9544 86.3546 93.3240 100.9143 109 148 41 7435 246.3246 285.7493 332.0645 386.5056 450.5304 525.8587 614.5194 718.9048 46 51.5758 58.0459 65.5684 74.3306 84.5540 96.5015 110.4840 126.8706 146.0982 168.6852 195 2457 226.5081 263.3357 306.7518 357.9694 1.9406 794Step by Step Solution
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