Brief Exercise G-19 If Colleen Mooney invests $4,171.81 now and she will receive $14,100 at the end of 18 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest % Click if you would like to Show Work for this question: Open Show Work (n) 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.04000 1.11000 1 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.12000 1.15000 1.12360 1.14490 1.18810 1.23210 1.08160 1.10250 1.16640 1.21000 1.25440 1.32250 1.36763 3 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.40493 1.52088 1.2155 1.41158 1.51807 1.57352 1.74901 4 1.16986 1.26248 1.31080 1.36049 1.46410 1.21665 1.53862 5 1.27628 1.33823 1.40255 1.46933 1.61051 1.68506 1.76234 2.01136 6 1.26532 1.34010 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 1.41852 1.50073 2.21068 1.31593 1.40710 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.66002 1.59385 1.99256 2.30454 8 1.36857 1.47746 1.71819 1.85093 2.14359 2.47596 3.05902 9 1.42331 1.55133 1.68948 1.83846 1.99900 2.17189 2.35795 2.55803 2.77308 3.51788 1.48024 3.10585 10 1.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 4.04556 2.58043 3.15176 4.65239 11 1.53945 1.71034 1.89830 2.10485 2.33164 2.85312 3.47855 5.35025 12 1.60103 1.79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 13 1.66507 2.13293 4.36349 6.15279 1.88565 2.40985 2.71962 3.06581 3.45227 3.88328 7.07571 14 1.73168 1.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.88711 3.64248 4.78459 5.47357 8.13706 15 1.80094 2.07893 2.39656 2.75903 3.17217 4.17725 16 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 9.35762 2.29202 17 3.15882 5.05447 6.86604 1.94790 2.69277 3.70002 4.32763 5.89509 10.76126 18 2.02582 2.40662 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 12.37545 2.10685 3.61653 6.11591 7.26334 19 2.52695 3.02560 4.31570 5.14166 8.61276 14.23177 20 5.60441 8.06231 2.19112 2.65330 3.20714 3.86968 4.66096 6.72750 9.64629 16.36654 Table 2 Future v (n) 7% 8% 9% 12% 15% 4% 5% 6% 10% 11% Payments 1.00000 1.00000 1.0000 1.00000 1.00000 1 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.04000 2.05000 2.06000 2.0700 2.08000 2.09000 2.10000 2.11000 2.12000 2.15000 3.34210 3.12160 3.15250 3.18360 3.24640 3.27810 3.31000 3.47250 3 3.2149 3.37440 4 4.24646 4.31013 4.37462 4.4399 4.50611 4.57313 4.64100 4.70973 4.77933 4.99338 5 5.41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 6 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 7.91286 8.11519 8.75374 7 7.89829 8.14201 8.39384 8.6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 9.21423 9.54911 9.89747 10.2598 10.63663 11.02847 11.43589 11.85943 12.29969 13.72682 10.58280 14.16397 16.78584 11.02656 11.49132 11.9780 12.48756 13.02104 13.57948 14.77566 17.54874 14.48656 15.19293 16.72201 20.30372 10 12.00611 12.57789 13.18079 13.8164 15.93743 16.64549 11 13.48635 14.20679 14.97164 15.7836 17.56029 18.53117 19.56143 20.65458 24.34928 12 15.02581 15.91713 16.86994 17.8885 18.97713 20.14072 21.38428 22.71319 24.13313 29.00167 16.62684 21.49530 26.21164 13 17.71298 18.88214 20.1406 22.95339 24.52271 28.02911 34.35192 30.09492 14 18.29191 19.59863 21.01507 22.5505 24.21492 26.01919 27.97498 32.39260 40.50471 47.5804 23.27597 15 20.02359 21.57856 25.1290 27.15211 29.36092 31.77248 34.40536 37.27972 30.32428 16 21.82453 23.65749 25.67253 27.8881 33.00340 35.94973 39.18995 42.75328 55.71747 23.69751 33.75023 17 25.84037 28.21288 30.8402 36.97351 40.54470 44.50084 48.88367 65.07509 50.39593 25.64541 30.90565 37.45024 18 28.13238 33.9990 41.30134 45.59917 55.74972 75.83636 51.15909 19 27.67123 30.53900 33.75999 37.3790 41.44626 46.01846 56.93949 63.43968 88.21181 20 36.78559 40.9955 45.76196 57.27500 64.20283 72.05244 102.44358 29.77808 33.06595 51.16012 (n) 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods .95238 .94340 .93458 .91743 .90909 .96154 .92593 .90090 .89286 .86957 2 .92456 .90703 .89000 .87344 .85734 .84168 .82645 .81162 79719 75614 3 .88900 .83962 .81630 .79383 77218 .75132 71178 .86384 .73119 .65752 63552 4 .85480 .82270 .79209 76290 73503 70843 .68301 .65873 .57175 5 .82193 78353 .74726 .71299 .68058 64993 .62092 .59345 .56743 .49718 .79031 .63017 .50663 .43233 6 74622 .70496 .66634 .59627 .56447 .53464 7 75992 71068 66506 62275 .58349 .54703 .51316 48166 45235 37594 67684 50187 43393 32690 73069 62741 58201 .54027 46651 .40388 9 42410 36061 .28426 .70259 .64461 .59190 .54393 .50025 46043 .39092 10 .67556 61391 .55839 .50835 .46319 .42241 .38554 .35218 32197 .24719 11 .64958 .58468 .52679 47509 .42888 .38753 .35049 .31728 .28748 .21494 12 .49697 .28584 62460 .55684 .44401 .39711 .35554 .31863 .25668 18691 13 .60057 .53032 .46884 41496 36770 .32618 .28966 25751 .22917 .16253 14 .57748 .50507 44230 38782 .34046 .29925 .26333 .23199 .20462 .14133 15 .55526 48102 .41727 .36245 31524 27454 .23939 .20900 18270 12289 .33873 16 .53391 45811 .39365 .29189 25187 .21763 .18829 16312 10687 17 .51337 .43630 .37136 31657 .27027 .23107 .19785 .16963 14564 09293 .15282 18 .49363 41552 .35034 29586 .25025 .21199 .17986 .13004 .08081 19 47464 39573 .33051 .27615 .23171 19449 .16351 .13768 .11611 .07027 17843 06110 20 45639 37689 .31180 .25842 .21455 .14864 12403 .10367 (n) 4% 5% 6% 7% 9% 11% 12% 8% 10% 15% Payments 95238 .93458 .91743 .86957 .96154 .94340 .92593 .90909 .90090 .89286 1.78326 1.85941 1.71252 2 1.88609 1.83339 1.80802 1.75911 1.73554 1.69005 1.62571 2.77509 2.72325 2.67301 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 4 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 3.79079 3.60478 5 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.69590 3.35216 4.35526 6 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.23054 4.11141 3.78448 5.20637 5.38929 4.86842 4.56376 7 6.00205 5.78637 5.58238 5.03295 4.71220 4.16042 5.97130 5.33493 8 6.73274 6.46321 6.20979 5.74664 5.53482 5.14612 4.96764 4.48732 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.53705 5.32825 4.77158 5.75902 10 8.11090 7.72173 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 7.36009 11 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.23371 5.93770 12 6.49236 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.19437 5.42062 13 9.98565 7.10336 5.58315 9.39357 8.85268 8.35765 7.90378 7.48690 6.74987 6.42355 7.36669 6.62817 14 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 6.98187 5.72448 7.60608 15 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.19087 6.81086 5.84737 5.95424 16 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 17 11.27407 9.12164 8.54363 8.02155 12.16567 10.47726 9.76322 7.54879 7.11963 6.04716 9.37189 18 12.65930 11.68959 10.82760 10.05909 8.75563 8.20141 7.70162 7.24967 6.12797 7.36578 19 13.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 7.83929 6.19823 10.59401 20 13.59033 12.46221 11.46992 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933