Check My Work (3 remaining) eBook Problem 7-11 You purchase a stock for $15 and expect its price to grow annually at a rate of 10 percent. Use Appendix A to answer the questions. Round your answers to the nearest cent. a. What price are you expecting after four years? b. If the rate of increase in the price doubled from 10 percent to 20 percent, would that double the increase in the price? Doubling the growth rate -Select the price appreciation. The increase in the price at 10% is $ and at 20% is Interest Factors for the Future Value of One Dollar Time Period (e.g. year) 1% 2% 4% % 6% 7 % 5% 8% 10 % 9% 12% 14% 15% 16 % 18% 20% 1010 1.020 1.030 1.040 1.050 1.060 1.070 2. 1.080 1.166 1,090 1.188 1.100 1.210 1.020 1.040 1.061 1.082 1.102 1.124 1.145 1030 1.061 1093 1.125 1.158 1.191 1225 1041 1082 1126 1.170 1.216 1262 1311 1.051 1.104 1.159 1.217 1.276 1338 1403 1.120 1.254 1.405 1.140 1.300 1.482 1.689 1.925 1.150 1.322 1.160 1,346 1.180 1.392 1.200 3 1.440 1.728 2.074 2.488 1.260 1.360 1.295 1.412 1.539 1.331 1464 1.521 1.749 2.011 1.561 1643 1.939 2.288 1574 1762 1.811 1.469 1611 2.100 6 1.062 1.126 1.194 1265 1340 1.419 1501 7 1.587 1.714 1851 1.677 1828 1.993 2.172 2.367 1.072 1.149 1230 1316 1.407 1504 1606 1.083 1.172 1.267 1.369 1.477 1.594 1718 1094 1.195 1305 1.423 1551 1.689 1.838 1.105 1219 1.344 1480 1629 1791 1967 1.772 1949 2.144 2.358 2.594 1974 2.195 2.313 2.436 2826 3.278 3.803 4.411 2.700 3.186 3.759 4.436 5.234 2.986 2.211 2.502 2.853 2.660 3059 3518 4.046 3.583 4.300 2.476 1999 2.159 10 2.773 3.106 3.252 3.707 5.160 6.192 1.116 1.243 1.384 1539 1710 1898 2105 11 1.127 1268 1.426 1601 1796 20122252 2.332 2.518 2.720 17 2.580 2.813 3.066 3.342 2.853 3.479 3.138 3.896 4.363 4 887 4.226 4.818 5492 6.261 7138 4.652 5.350 6.153 7076 5.117 5.936 6.886 7988 6.176 7.287 7430 8.916 10.699 12.839 15.407 1.138 1.294 1.469 1665 1886 2.133 2.410 1.149 1.319 1513 1732 1980 2 261 2.579 15 13 14 3.452 8.599 10.147 11.973 2937 1.161 3.797 1346 1558 1.801 2079 2.397 2.759 3.172 3.642 4.177 5.474 8.137 9.266 16 1.173 1373 1605 1.873 2.183 2540 2952 3.426 3.700 3996 4316 4.661 3970 4.328 4717 5142 5.604 17 1.184 1400 1653 1948 2.292 2693 3.159 4.595 5.054 5.560 6.116 6728 6130 6.866 7690 10575 8613 12.056 9646 8.137 9.358 9.276 10 761 10.748 12468 12.375 14.463 16.777 19 461 14.129 16672 19.673 23214 27393 18.488 22.186 26.623 31948 38.337 1 1.196 1428 1702 2026 2407 2854 3380 1.208 1457 1754 2.107 2527 3026 3617 19 20 1220 1486 1806 2.191 2653 3207 3870 14 232 13 743 16.367 25 1282 1641 2094 2.666 3.386 4292 5.427 6848 8623 10 835 17000 26 462 32919 40 874 95.396 1.348 1811 2427 3243 4322 5.743 7612 10.063 13 268 17449 29960 50950 66 212 85 850 143 370 237370 62 688 30