Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

*** Complete the following table. Use Exhibit 1-B (Round time value factors to 3 decimal places, intermediate calculations and finalanswers to 2 decimal places.) Investment

image text in transcribed

image text in transcribed

image text in transcribed

*** Complete the following table. Use Exhibit 1-B (Round time value factors to 3 decimal places, intermediate calculations and finalanswers to 2 decimal places.) Investment Value at the End of Time Period Annual Rate of Number Deposit Return of Years $ 2,600 9% 8 Total Amount of Investment Total Amount of Interest or Earnings $ $ $ $ 2,600 13% 8 $ $ $ $ 2,600 9% 16 $ $ $ $ 2,600 13% 16 $ $ $ Exhibit 1-B Future value (compounded sum) of $1 paid in at the end of each period of a given number of time periods (an annuity) Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 1 1.000 2.070 2 3 1.000 2.060 3.184 4.375 5.637 6.975 8.394 3.215 4,440 5 1.000 2.090 3.278 4.573 5.985 7.523 9.200 11.028 13.021 6 7 9 10 9.897 11.491 13.181 15.193 11 12 13. 14 15 16 17 18 19 20 25 30 40 50 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.462 11.567 12.683 13.809 14.947 16.097 17.258 18.430 19.615 20.811 22.019 28.243 34.785 4.BB6 64.463 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 32.030 40.568 60.402 84.579 1.000 2.030 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 75.401 112.797 1.000 1.000 2.040 2.050 3.122 3.153 4.246 4.310 5.416 5.526 6.633 6.802 7.898 8.142 9.214 9.549 10.583 11.027 12.006 12.578 13.486 14.207 15.026 15.917 16.627 17.713 18.292 19.599 20.024 21.579 21.825 23.657 23.698 25.840 25.645 28.132 27.671 30.539 29.778 33066 41.646 47.727 56.085 66.439 95.026 120.800 152.667 209.348 14.972 16.870 18.882 21.015 23.276 25.673 28.213 30.906 33.760 36.786 54.865 79.058 154.762 290.336 5.751 7.153 8.654 10.260 11.978 13.816 15.784 17.888 20.141 22.550 25.129 27.888 30.840 33.999 37.379 1.000 2.080 3.246 4.506 5.867 7.335 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 73.106 113.283 259.057 573.770 17.560 20.141 22.953 26.019 29.361 33.003 36.974 41.301 46.018 51.160 84,701 136.308 337.882 815.084 1.000 2.100 3.310 4.641 6.105 7.716 9.487 11.436 13.579 15.937 18.531 21.384 24.523 27.975 31.772 35.950 40.545 45.599 51.159 57.275 98.347 164.494 442.593 1.163.909 1.000 2. 110 3.342 4.710 6.228 7.913 9.783 11.859 14.164 16.722 19.561 22.713 26.212 30.095 34.405 39.190 44.501 50.396 56.939 64.203 114,413 199.021 581.826 1,668.771 40.995 63 249 94.461 199.635 406.529 Period 12% 13% 14% 15% 16% 17% 18% 19% 20% 25% 30% 1 2 3 4 5 6 7 8 9 10 11 12 13 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.120 2.130 2.140 2.150 2.160 2.170 2.180 2.190 2.200 2.250 2.300 3.374 3.407 3.440 3.473 3.506 3.539 3.572 3.606 3.640 3.813 3.990 4.779 4.850 4.921 4.993 5.066 5.141 5.215 5.291 5.368 5.766 6.187 6.353 6.480 6.610 6.742 6.877 7.014 7.154 7.297 7.442 8.207 9.043 8.115 8.323 8.536 8.754 8.977 9.207 9.442 9.683 9.930 11.259 12.756 10.089 10.405 10.730 11.067 11.414 11.772 12.142 12.523 12.916 15.073 17.583 12.300 12.757 13.233 13.727 14.240 14.773 15.327 15.902 16.499 19.842 23.858 14.776 15.416 16.085 16.786 17.519 18.285 19.086 19.923 20.799 25.802 32.015 17.549 18.420 19.337 20.304 21.321 22.393 23.521 24.709 25.959 33.253 42.619 20.655 21.814 23.045 24.349 25.733 27.200 28.755 30.404 32.150 42.566 56.405 24.133 25.650 27.271 29.002 30.850 32.824 34.931 37.180 39.581 54.208 74.327 28.029 29.985 32.089 34.352 36.786 39.404 42.219 45.244 48.497 68.760 97.625 32.393 34.883 37.581 40.505 43.672 47.103 50.818 54.841 59.196 86.949 127.913 37.280 40.417 43.842 47.580 51.660 56.110 60.965 66.261 72.035 109.687 167.286 42.753 46.672 50.980 55.717 60.925 66.649 72.939 79.850 87.442 138.109 218.472 48.884 53.739 59.118 65.075 71.673 78.979 87.068 96.022 105.931 173.636 285.014 55.750 61.725 68.394 75.836 84.141 93.406 103.740 115.266 128.117 218.045 371.518 63.440 70.749 78.969 88.212 98.603 110.285 123.414 138.156 154.740 273.556 483.973 72.052 80.947 91.025 102.444 115.380 130.033 146.628 165.418 186.688 342.945 630,165 133.334 155.620 181.871 212.793 249.214 292.105 342.603 402.042 471.981 1,054.791 2,348.803 241.333 293.199 356.787 434.745 530.312 647.439 790.948 966.712 1,181.882 3.227.174 8,729.985 767.091 1,013.704 1,342.025 1,779.090 2,360.757 3,134.522 4,163 213 5,529.829 7.343.858 30,088.660 120,392.900 2,400.018 3.459.507 4,994.521 7,217.716 10,435.650 15,089.500 21,813.090 31,515.340 45,497.190 280,255,700 1,659,761.000 14 15 16 17 18 19 20 25 30 40 50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics A First Course

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

7th Edition

9780321979018

Students also viewed these Finance questions