Carl Patterson likes investing in stocks that pay dividends. Carl owns 80 shares of a local utility company. The stock pays a regular annual dividend in the amount of $350 per share, and the company has indicated that the dividend will stay the same for a long time If Carl reinvests his dividends each year and the dividends earn a return of 7 percent each year, how much will Carl accumulate in 13 years? Use Exhibit 1-B (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value annuity Plod W 1.000 1.000 DIE DIGE OU 005 1995 65105 622 9.4871 9.783 14.164 9 10 11 12 13 19561 1.75791 15:27 18.631 21304 2452 27307 31172 3000 26 712 COD PE ALE TOS 169 560 15 16 17 16 19 20 25 30 40 SO 51.159 57270 164404 25933 compounded sum) of $1 paid in at the end of each period for a given number of time periods (an annuity) 1.000 OX 1.000 1.0001 1.000 1.000 1,000 1.000 22.010 2020 1000 220301 1.000 2040 2.0501 350301 22.000 207 3.000 3.091.122 3.153 3.164 1.000 9122 4,164 22461 4310 140 5.101 5:2041 5.309 5.4161 5.5261 5.637 56251 55985 6.1521 6.308 666 6.6331 6.802 6.9751 7159 200 7.434 7.6621 7.898 8.142 83941 8.654 8.923 9.2001 8.2001 2.583 8.6921 9214 0349 9.097 10.200 10.637 11.00 9.369 9.755 10.159 10.563 11.027 11.491 11.976 127460 13021 10.462 10.950 11.464 12,006 12578 13.181 13.816 14.07 1551 11.567 12.169 12.8081 13.486 14.207 14.972 15.784 16.645 17.500 12669 13.412 14.192 15-026 15.917 10.870 117.888 185977 20.141 13.809 14.60 15.618 16.627 17./13 18.882 20.141 21.495 22.953 14.947 15.914 171006 16.292 19,599 21.013 223550 24215 26.010 16.097 17.2931 18.5991 20.024 21.579 23276 25129 27.152 29.3611 17:25 16.0351 20.157 21.025 23.657 25.073 27.888 30.124 33 000 18.4301 20.0121 21.7621 23.698 25.8401 20.213 30.040 33.750 19.615 2 23121 25.645 28 13230.000 33.999 377450 301 20.811 22.841 25.1171 27.671 30.539 33.760 37.379 41.446 40.018 2270191 24.2971 20.870 129.778 33.000 36.786 40.905 51760 28.243 32.030 56499 41.640 47727 54.8651 63.249 73.100 84.701 34.785 40:50 47,575 EXO.CBS 66.430 79.056 04.461 113 17.30 60.402 95020 75401 154,762 120.800 48.886 199,655 259,057 3372 64463 112-29 152/667 200340 406520 1290.336 84.579 573.70 315.064 10% 13% 15% 70% 17 12% 1.000 1.000 1000 1.0001 1.000 1.000 1.0001 1.000 22180 2200 2.10 2:120 2150 2.150 2140 LO 3473 33500 3.440 3.402 3539 3606 33572 3,640 3:3/41 4.993 021 15.141 SC000 12151 4.779 535 4,850 60 682 7.14 010 79 6610 6,3531 6:410 0442 5.115 9.60 3323 83536 8.92 12 12 11067 12.523 11/2010 12910 10.405 10730 10.089 13:22 142 14.240 1323 1537 1590 12.757 10.40 1751 10.01 18205 1900 19923 2009 14.778 16.065 15,416 22.14 233911 2001 3. 116.420 1937 20.00 2200 2859 30.04 1150 20655 21.514 370 1403 20.00 27 28 25.650 3452 19404 2002 42219 20.029 70.00 50 SD 22.103 005 2 37503 32.30 3483 2017 5176 50.110 5090 500 20.41 43.842 76035 66640 4275 02 55.721 50 000 7070 3719 4.B 0507 29.110 000 103 35/60 011 74 22 110,04 11 1403 700 1990 5618 16667 145 Period 1 1.000 1.000 JON 1.000 200 3,615 3 4 5 B7071 SO ZOR 515.073 7 2015 10 11 T OSS 29 312.09 TIR 15 ONE GRABO TY 7 TE CA Q 6.00 COL LOOD LE D
