Al Rosen invests $29,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase in value 12 percent per year for the next 14 years. How much will his card be worth after 14 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Projected value Appendix A Future value of $1, FVF FV = PV(1 + i)" Percent Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.110 2 1.020 1.040 1.061 1.082 1.103 1.124 1.166 1.188 1.232 1.145 1.225 1.210 1.331 3 1.030 1.061 1.093 1.125 1.158 1.191 1.260 1.295 1.368 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.518 01 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.685 6 1.062 1.194 1.265 1.340 1.501 1.772 1.126 1.149 1.587 1.714 1.677 1.828 1.870 2.076 7 1.072 1.419 1.504 1.594 1.230 1.316 1.606 1.407 1.477 1.949 8 1.083 1.172 1.267 1.369 1.718 1.993 2.144 2.305 1.851 1.999 9 1.094 1.195 1.305 1.423 1.551 1.689 1.838 2.172 2.358 2.558 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 2.839 11 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.152 12 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.498 13 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 3.883 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.797 4.310 15 1.161 1.346 1.801 2.079 2.397 2.759 3.172 3.642 4.177 4.785 16 1.173 1.373 1.558 1.605 1.653 1.873 2.183 2.952 3.426 3.970 4.595 2.540 2.693 5.311 5.895 17 1.184 1.400 2.292 3.159 3.700 4.328 5.054 1.948 2.026 18 1.196 1.428 1.702 2.407 3.380 3.996 4.717 5.560 6.544 2.854 3.026 19 1.208 1.457 1.754 2.107 2.527 4.316 5.142 6.116 7.263 3.617 3.870 20 1.220 1.486 1.806 2.191 2.653 3.207 4.661 5.604 6.727 8.062 25 1.282 1.641 2.094 2.666 3.386 4.292 6.848 8.623 10.835 13.585 30 1.348 1.811 2.427 3.243 5.743 5.427 7.612 14.974 10.063 17.449 45.259 40 22.892 65.001 1.489 4.322 7.040 11.467 2.208 3.262 4.801 13.268 31.409 74.358 10.286 21.725 50 1.645 2.692 4.384 7.107 18.420 29.457 46.902 117.39 184.57 Appendix A (concluded) Future value of $1 Percent Period 12% 13% 14% 15% 16% 17% 18% 19% 20% 25% 30% 1 1.130 1.140 1.160 1.170 1.180 1.190 1.200 1.250 1.300 1.120 1.254 1.150 1.323 2 1.300 1.369 1.392 1.440 1.563 1.690 1.277 1.443 1.346 1.561 1.416 1.685 3 1.405 1.482 1.602 1.643 1.728 1.953 2.197 1.521 1.749 4 1.574 1.630 1.689 1.811 1.874 1.939 2.005 2.074 2.441 2.856 5 1.762 1.842 1.925 2.011 2.100 2.192 2.288 2.386 2.488 3.052 3.713 6 1.974 2.082 2.195 2.313 2.436 2.565 2.700 2.840 2.986 3.815 4.827 7 2.211 2.353 2.502 2.660 2.826 3.001 3.185 3.379 3.583 4.768 6.276 2.476 2.658 2.853 3.059 3.278 4.021 4.300 5.960 8.157 000 3.511 4.108 3.759 4.435 2.773 3.004 3.252 3.518 3.803 4.785 5.160 7.451 10.604 10 3.106 3.395 3.707 4.046 4.411 4.807 5.234 5.696 6.192 9.313 13.786 11 3.479 3.836 4.226 4.652 5.117 5.624 6.176 6.777 7.430 11.642 17.922 12 3.896 4.335 4.818 5.350 5.936 6.580 7.288 8.064 8.916 14.552 23.298 13 4.363 4.898 5.492 6.153 6.886 7.699 8.599 9.596 10.699 18.190 30.288 14 4.887 5.535 6.261 7.076 7.988 9.007 10.147 11.420 12.839 22.737 39.374 15 6.254 7.138 8.137 9.266 10.539 11.974 13.590 15.407 28.422 51.186 5.474 6.130 16 7.067 8.137 9.358 10.748 12.330 14.129 16.172 18.488 66.542 35.527 44.409 17 6.866 7.986 10.761 14.426 19.244 86.504 9.276 10.575 12.468 14.463 16.672 19.673 22.186 26.623 18 7.690 9.024 12.375 16.879 22.091 55.511 112.46 19 10.197 12.056 14.232 16.777 19.748 23.214 27.252 31.948 69.389 146.19 8.613 9.646 20 11.523 13.743 16.367 19.461 23.106 27.393 32.429 38.338 190.05 25 26.462 50.658 62.669 77.388 95.396 705.64 17.000 29.960 21.231 39.116 32.919 66.212 30 50.950 143.37 237.38 40.874 85.850 378.72 1,670.7 2,620.0 86.736 264.70 807.79 7,523.2 70,065.0 40 93.051 132.78 188.88 111.07 533.87 2,566.2 267.86 1,083.7 184.68 1,051.7 5,988.9 750.38 3,927.4 1,469.8 9,100.4 36,119.0 497,929.0 50 289.00 450.74 700.23