Answered step by step
Verified Expert Solution
Question
1 Approved Answer
appendix a&c in the following pictures Problem 9-31 Quarterly compounding (L05) Beverly Hills started a paper route on January 1 Every three months, she deposits
appendix a&c in the following pictures
Problem 9-31 Quarterly compounding (L05) Beverly Hills started a paper route on January 1 Every three months, she deposits $850 in her bank account, which earns 8 percent annually but is compounded quarterly. Four years later, she used the entire balance in her bank account to invest in an investment at 7 percent annually How much will she have after three more years? Use Appendix A and Arrendix C 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.) Future value Appendix A Future value of $1. FVF FV = PV1 + Percent OX Pustod 4 5% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 IN 1.010 1.020 1.030 1.041 1.051 1062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1 208 1220 1.202 1.348 1409 1.645 23 1.020 1.040 1.061 1,082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1/428 1.457 1.486 1.641 1811 2.208 2.692 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1 806 2.094 2.427 3202 4.384 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1801 1873 1.948 2026 2102 2.191 2666 3.243 4801 7107 1.050 1.103 1.158 1.216 1.276 1.340 1.407 1.477 1.551 1,629 1.710 1.796 1.886 1.980 2079 2.183 2292 2407 2527 2.653 3386 4322 7040 11467 1.060 1.124 1.191 1.262 1.338 1.419 1.504 1.594 1689 1.791 1.898 2012 2.133 2.261 2.397 2.540 2.693 2854 3.026 3.207 4.292 5.743 10.286 18.420 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2252 2.410 2.579 2.759 2.952 3.159 3.380 3.612 3870 5.427 7612 14974 29.457 BX 1.080 1.166 1.250 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2937 3.172 3.420 3.700 3.996 4316 4.661 6.848 10.063 21.725 46.902 1.090 1.188 1.295 1412 1.539 1.677 1828 1.993 2.172 2357 2.580 2813 3.066 3.342 3.642 3.970 4.328 4,717 5.142 5.604 8.623 13.268 31.409 74.350 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 5.116 5.727 10,805 17449 45.259 11/19 1.110 1.232 1.368 1.518 1.685 1.870 2076 2.305 2.558 2.839 3.152 3498 3883 4.310 4.785 5.311 5.895 6544 7.263 8.062 13.585 22892 65001 10457 nane Appendix A (concluded) Future value of $1 Percent Period 12% 14% 1 2 3 13% 1.130 1.277 4 5 6 7 8 9 10 11 12 13 14 15 10 17 10 19 20 25 1.120 1.254 1.405 1.574 1.762 1.974 2.211 2.476 2.773 3.106 3.479 3.896 4,363 4,887 5.474 6.130 6.866 7.600 8.613 9.646 17.000 29.960 93.051 289.00 1.443 1.630 1.842 2082 2.353 2.658 3.004 3.395 3.836 4.335 4.898 5.535 6,254 7.067 7.986 0.024 10.197 11.523 21.231 39 116 132.78 45074 1.140 1.300 1.482 1.689 1.925 2.195 2.502 2.853 3.252 3.707 4226 4918 5.492 6.261 7.138 8.137 9.276 10.575 12.056 13.743 26.462 50.050 18888 700.23 15% 1.150 1.323 1.521 1.749 2011 2.313 2.660 3.059 3.518 4.046 4652 5.350 6.153 7,076 8.137 9.358 10.761 12.375 14.232 16.367 32.919 66212 267.86 1,083.7 1.160 1.346 1.561 1811 2.100 2.436 2826 3.278 3.803 4.411 5.117 5.936 6.886 7.988 9.266 10.748 12.468 14.463 16.777 19.461 10.874 85.850 378.72 1.6707 17 1.170 1.359 1.602 1.874 2.192 2565 3.001 3.511 4.108 4.807 5.624 6.580 7699 9.007 10.539 12.330 14 426 16870 19.748 23 106 50.658 111.07 533.87 2566.2 1.180 1.392 1.643 1.939 2.288 2.700 3.185 3.759 4,435 5.234 6.125 7.288 8.599 10.147 11.974 14.129 16,672 19.673 23. 214 27.393 62660 14337 750.38 3.927.4 1.190 1.416 1.685 2005 2.386 2840 3.379 4021 4.785 5.696 6.777 8.064 9.596 11420 13.590 16.172 19.244 22091 27.252 32.429 77388 18468 1.0517 5.9889 20 1.200 1.440 1.728 2.074 2.488 2.986 3583 4 300 5.160 6.192 7.430 8.916 10.699 12839 15.407 18.488 22.186 26.623 31.948 38 338 95 396 237 38 1.469.8 9.100.4 25 1.250 1.563 1.953 2.441 3.052 3.815 4.768 5.960 7.451 9.313 11.542 14.552 18.190 22.737 28.422 35.527 44.409 55.511 69.389 36.736 264.70 802.79 7.5232 70.0650 04 1.300 1.690 2.197 2.856 3.713 4.827 6.276 8.157 10.604 13.786 17.922 23.298 30.288 39.374 51.180 66.542 B6,504 112.40 146.19 190.05 705,64 2.6200 36.119.0 497.929.0 30 40 50 Appendix c Futore value of an annuity of S1, FV FV, A =[14*, -1 Percent Period 1 1 2 3 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 1x 1.000 2010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.462 11507 12,683 13.809 14.947 16.097 17250 18 430 19.615 20.811 22.019 28.243 34.785 48.836 64.463 2% 1.000 2.020 3,060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 14.680 15.974 17.293 18.639 20.012 21.412 22.841 24.297 32030 40.588 60.402 84579 3 1.000 2030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11.464 12.808 14.192 15.618 17.086 18.599 20.157 21.762 23.414 25.117 26.870 36.459 47.575 75.401 112.80 4% 1.000 2040 3.122 4.246 5.416 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18 292 20.024 21.925 23.698 25.645 27.671 29.778 41.646 56 085 95,026 152.67 5% 1.000 2.050 3.153 4.310 5.526 6.802 8.142 9.549 11.027 12.578 14.207 15.917 17713 19.599 21.579 23.657 25.840 28.132 30 539 33066 47727 66.439 120.80 209.35 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.491 13.181 14.972 16 870 18.882 21015 23 276 25.673 28.213 30.906 33.760 36.786 54865 79.058 154.76 290.34 7% 1.000 2.070 3.215 4.440 5.751 7.153 8.654 10.260 11.978 13.816 15.784 17888 20.141 22.550 25.129 27.888 30.840 33.999 37 379 40 995 63249 94.461 199.64 406 53 1.000 2.080 3.246 4.506 5.867 7.336 8.923 10.637 12.488 14.487 16.645 18.977 21.495 24.215 27.152 30 324 33.750 37.450 41.446 45.762 73.106 11328 259.00 573.27 9% 1.000 2090 3278 4573 5.985 7.523 9.200 11.028 13.021 15.193 17.560 20.141 22.953 26,019 29.361 33.003 36.974 41301 46.018 51.160 84.701 136.31 33789 815.08 10% 1.000 2.100 3310 4.641 6.105 7.716 9.487 11.436 13.579 15.937 18531 21384 24,523 27.975 31772 35.950 40.545 45.599 51.159 57 275 98 347 164.49 44259 1.1639 1.000 2.110 3.342 4.710 6.228 7.913 9.783 11859 14.164 16.722 19.561 22713 26 212 30.095 34405 39.190 44.501 50 396 56 939 64.203 114.41 199.02 58183 1.6688 Appendix C (concluded) Future value of an annuity of $1 Percent 17 Period 14% 15% 16% 18% 30% 1 2 3 4. 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 12 1.000 2.120 3.374 4.779 6.353 8.115 10.089 12.300 14.776 17.549 20.655 24.133 28.029 32 393 37 280 42.753 48.884 55.750 63.440 22,052 133.33 24133 76709 2400,0 13% 1.000 2.130 3.407 4.850 6.480 8.323 10.405 12.757 15,416 18.420 21,814 25.650 29.985 34 883 40.417 46.672 53.739 61.725 70,749 80.947 155.62 29320 1.0137 3.4595 1.000 2.140 3.440 4.921 6,610 8.536 10.730 13.233 16,085 19.337 23.045 27.271 32.009 37581 43.842 50.980 59.118 68.394 78.969 91.025 181.8 356.79 1,3420 4.9945 1.000 2.150 3.473 4.993 6.742 8.754 11.067 13.727 16.786 20.304 24.349 29.002 34.352 40 505 47.580 55.717 65075 75836 88 212 102.44 212.79 434.75 1,7791 7.2177 1.000 2.160 3.506 5.066 6.877 8.977 11,414 14240 17,519 21.321 25.733 30.850 36.786 43672 51660 60.925 71.673 84.141 98.603 1 15:38 24921 530 31 2.360.8 10,436 0 1.000 2.170 3.539 5.141 7,014 9.207 11.772 14.773 18.285 22 393 27 20 32.824 39.404 47.103 56110 66.649 78.979 93.406 110.29 130.03 292 11 647:44 3.1345 15,090 0 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23.521 28.755 34.931 42.219 50.818 50.965 72.939 87.068 103.74 12341 146.63 342.60 790.95 4,163 21 21813.0 19% 20% 1.000 1.000 2.190 2.200 3.606 3.640 5.291 5.368 7.297 7.442 9.683 9.930 12.523 12.916 15.902 16.499 19.923 20.799 24.701 25.959 30.404 32.150 37.180 39 581 45.244 48.497 54841 59.196 66.261 72035 79.850 87.442 96.022 105.93 115.27 128.12 138.17 154.74 165.42 185.69 40204 47198 956.7 1.1819 5,529.8 7.3439 31.5150 45.4970 25% 1.000 1.000 2.250 2.300 3.813 3.990 5.766 6.187 8.207 9.043 11.259 12.756 15.073 17.583 19.842 23.858 25.802 32.015 33.253 42.619 42.566 56.405 54 208 74.327 68.760 97.625 86.949 127.91 109.69 167 29 138.11 218.47 173.54 285 01 218.05 371.52 273 56 483.97 342.95 630 17 1.0548 2.3411.30 3.2272 8.730.0 30.099.0 120,393.0 280.256.0 1.659,760 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started