Determine the amount of money in a savings account at the end of 10 years, given an initial deposit of $10,500 and a 8 percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Future Value Annually Semiannually c. Quarterly Appendix A Future value of 51. FV F V=PT+1) Period 1 11% 5% 1.050 1.103 8% 1080 4% 1040 1 082 1.125 1 170 1217 1.110 10% 1.100 1210 1.331 1.464 1.611 1.166 1.260 1360 1.469 1.232 1.368 1518 1.104 1.685 1.587 1.772 7% 1070 1.145 1.225 1.311 1.403 1.501 1.606 1718 1.838 1.967 2.105 1265 1.316 Jno vw 2 % 3% 1010 1.020 1.030 1020 1000 1061 1.030 1.061 1.093 1041 1.082 1.126 1.051 1.159 1.062 1.126 1.194 1.072 1.149 1.230 1.083 1.172 1.267 1.094 1.195 1.305 1.105 1219 1 344 1.116 1.243 1 384 1.127 1268 1426 1.138 1.294 1.469 1.513 1.346 1558 1.1731 323 1.605 1.184 1.400 1.653 1.1961.428 1.702 1.208 1457 1.754 1220 1.486 1.806 12821541 2.094 1.348 1.811 2.427 1.489 2.2083 262 1.645 2.692 4.384 1.216 1.276 1.300 1407 1.477 1.551 1629 1.710 1.796 1.886 1369 1423 1480 1 539 1601 1.565 Percent 6% 1060 1.124 1.191 1 262 1.338 1419 1.504 1594 1.689 1.791 1898 2012 2.133 2.261 2.397 2540 2693 2.854 3026 3.207 4 292 5.743 10.286 18.420 1.714 1851 1.999 2.159 2332 2252 2518 9% 1.090 1.188 1.295 1412 1.539 1.677 1828 1.993 2.172 2367 2580 2813 3066 3342 3642 3970 4.328 4717 5.142 5.604 8623 13.268 31 409 31409 7 4.358 2.410 1.149 1.319 1.732 1980 2.720 2937 3172 1.161 2079 1.801 1972 1.948 2.026 2.107 2191 2666 3.243 4801 7107 2579 2.759 2.952 3159 3.380 3.617 3.870 5.427 7.612 14 974 20.457 2.183 2.292 2.407 2527 2.653 3386 4.322 7040 1 1467 1.870 2076 2305 2.558 2839 3.152 3.498 3.883 4,310 4.785 5.311 5.895 6.564 7.263 8.062 13.585 22.892 65.001 184.57 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5,054 5.560 6.116 6.727 10.835 17.449 45.259 117.39 3.700 3.996 4.316 4.661 6 848 10.063 21.725 46.902 Appendix Alconcluded) Fute value of $1 Percent 17% 18% 30% 16% 1.160 1.346 1561 1300 1.369 1.602 19% 1.190 1.416 1.685 2005 2386 2840 31379 4021 12% 1.120 1.254 1.405 1.574 1.762 1974 2.211 2.476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 6.130 6 866 7.690 8.613 9.646 17.000 29.960 93.051 289.00 1.392 1643 1.939 2288 2.700 3.185 3.759 4435 5.234 6.176 7.288 4.785 5.696 13% 14% 1.130 1140 277 1.300 1.443 1.482 1.630 1.689 1842 1925 2082 2.195 235) 2502 2658 2.853 3004 3.252 3.395 3.707 3836 4.226 4335 4818 4.898 5.492 5535 6.261 6.254 7.138 7067 8.137 7.985 9.276 9.024 10.575 10 197 12.056 11523 13.743 2123126462 39.116 50.950 132.78 188.88 450.74 700.23 15% 1.150 1.150 1323 1.521 1.749 2011 2313 2.660 3059 3.518 4046 4.652 5.350 6.153 7076 8.137 9.358 10.761 12.375 14.232 1 6.367 32919 66.212 267 86 1,083.7 2.100 2.436 2826 3278 3803 4.411 5.117 5936 6886 7988 9.266 10.749 12 468 14.463 16.777 19.461 40874 85.850 378.72 1,670.7 8.599 20% 1.200 1.440 1.728 2.074 2.488 2.986 3.583 4.300 5.160 6.192 7.430 8916 10.699 12.839 15.407 18.488 22.186 26.623 31.948 38.338 95.396 237.38 1.469.8 .100.4 2.192 2565 3.001 3511 4.108 4807 5.624 6.580 7.6.99 9.007 10.539 12 330 14 426 16.879 19.748 23.106 50 658 111.07 533.87 2.5662 888888s 25% 1250 1563 1953 2.441 3052 3815 4768 5.960 7.451 9313 11 642 14.552 18190 22737 28.422 35 527 44.409 55.511 69 389 8 6736 264.70 807.79 7.5232 70,0650 8064 9.596 11420 13.590 16.122 19.244 22.091 27.252 32.429 77 388 184.58 1.051.7 5,988 9 9 1.690 2.197 2.856 3.713 4.827 6.276 8.157 10.604 13.786 17.922 23.298 30.288 39374 51.186 66.542 86.504 112.46 146.19 190.05 705.64 2,620.0 36.119,0 497.929.0 10 147 11.974 14.129 16.672 1 9.673 23 214 27.393 62 669 143.37 7 50.38 3.927.4