Ben Collins plans to buy a house for $182,000. If the real estate in his area is expected to increase in value by 3 percent each year, what will its approximate value be five years from now? Use Exhibit 1-A. (Round your FV factor to 3 decimal places and final answer to the nearest whole dollar.) Future value of the house 9% 10% 115 109 1.1 1.11 1282 1188 121 1331 1464 1300 1412 1518 1539 1811 1677 1772 187 2076 1993 2305 2172 2568 2144 2356 2501 2855 1791 Exhibit 1 -A Future Value (Compounded Sum) of $1 after a Given Number of Time Periods Period 3% 5% 6% 7% 1 101 102 105 104 105 106 107 100 2 104 1061 1082 1105 1124 1145 1166 3 103 1 125 1191 4 1041 1082 1.17 1216 1311 5 1051 1.104 1.159 1217 1276 1104 1265 134 1419 1501 7 1072 1 140 123 1316 1407 1714 1083 1.172 1 369 1718 1851 1094 1.195 1561 1689 1838 10 1 105 1219 1344 2 150 11 1 116 1243 150 171 2105 2332 12 1. 127 1.266 1426 1601 1.796 2012 2252 2518 13 1666 2133 241 2.72 14 110 1513 1732 2570 2987 15 1161 1 346 1556 1801 2070 3172 16 1.173 1.373 1605 1873 2.183 254 2952 17 1 154 1946 3159 37 18 1700 2006 2007 2854 33 19 1 208 1457 1754 2107 2527 3617 4316 20 122 2.191 2663 3207 4.661 25 1282 2666 6848 1 342 1811 5743 7612 10065 40 100 2200 704 1020 14974 21725 50 2692 7.107 11.067 46.902 2367 2.50 2830 3152 2813 3.130 3.490 3883 1 310 3452 3797 4177 31 3342 3642 3.97 2750 4785 5.311 1653 2695 5896 5054 556 6116 4717 5142 5.604 650 7263 8.062 13 268 31.400 10835 17449 45250 13505 22892 65001 74358 117391 184566 Period 12% 14% 15% 16% 18% 20% 25% 30% 1 1.12 115 12 1.25 13% 1.13 1277 1.443 1.18 1 302 2 13 1323 1346 1360 1.40 1563 1 416 1685 3 1.005 1.432 1.521 1643 1726 1953 2187 4 1.574 149 1939 2074 2856 2005 2386 5 1.782 1842 1.925 2011 2288 3052 3.713 2 486 2986 6 1970 2.195 2.319 2.80 4827 2082 2.353 7 2.7 3.105 9.750 1.602 1874 2.192 2565 3001 9.511 4.108 4807 5624 3370 3563 3815 4760 5.96 7451 6275 8.157 8 2.476 2.658 9.050 1561 1811 2.1 2436 2.126 9.278 3803 4.411 5.117 5.936 6.886 7980 4021 9 2.779 9.518 5.16 10 604 9.000 3.395 2.502 2.653 3.252 3.707 4.226 4.18 5492 4495 5234 4785 5605 10 3106 4.046 0313 13706 6102 7.45 11 3.470 3.836 4652 6.176 11642 17.922 6.777 8064 12 3.896 535 6.58 8.916 14 552 23 298 13 0506 10 500 18.10 30288 4,335 4898 5.535 6.254 7600 0007 7288 8.599 10 147 11974 14 6.153 7076 8.137 4587 6200 12830 22.737 30 370 51.166 15 9.266 28.422 7.138 8.137 10 530 12.33 15 407 18.480 16 6.13 7.067 9.358 10.746 14.129 16.172 66 542 35 527 44100 17 6.666 7.986 9276 10 781 14126 16672 19244 22166 86 500 12.168 1463 18 760 10 575 16870 26 623 55 511 112455 22 000 27252 19 0.613 10.197 12.056 16.777 10 673 23.214 27399 1974 31940 69 369 146. 192 20 9.646 11.523 16.367 19.451 29.106 92 429 86.736 190.05 38 336 95 396 25 17 13.749 2662 5095 21231 32 919 1087 50656 62660 77386 264698 705 641 30 2016 111 065 143371 807790 2619 006 66 212 267564 85 85 378.721 184 675 1051 666 237376 1469772 40 93.00 13272 188.584 750 378 7523. 164 533 369 2566 215 36118.865 497929 223 50 259.002 450.736 700239 1089 657 1670.700 9927 357 5988 914 9100 438 70064 923