Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dorothy Taylor made an investment of $5,847.37. From this Investment, she will receive $1,000 annually for the next 15 years starting one year from now

image text in transcribed
image text in transcribed
image text in transcribed
Dorothy Taylor made an investment of $5,847.37. From this Investment, she will receive $1,000 annually for the next 15 years starting one year from now Click here to view the factor table, (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What rate of interest wilt Dorothy's Investment be earning for her? (Hint: Uue Table 4) (Round answer to O decimal places es 25%) Rate of interest 2/4 1001 B 5 Perinde 0 1 2 4 5 0 7 3 9 10 11 12 13 14 15 16 17 TS 19 49 SN 7* 996 10% 111 12 159 1.00000 1.00000 1.00000 100000 1.00000 1.00000 1.00000 1.00000 1.000000 1.00000 1.04000 1.000 1.05000 1,07000 1.08000 1.09000 1.10000 1.1 1000 1.12000 1.15000 108160 1.10250 1.12560 1.14490 1.16640118810 1.21000 1.23210 1.25440 1.32250 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.46493 1.5208 1.16986 1.21551 1.26248 1.31080 1.36049 41158 1.46410 1.51807 1.57352 1.74901 1.21665 1.27628 133823 1.40255 1.46913 1.5362 1.61051 1.68506 1.76234 201136 1.26522 1.34010 1.41852 1.50073 1.58687 167710 1.77156 1.87041 1.97382 2.31106 1:315931.40710 1.50363 60578 1.71321.82804 1.94872 2.07616 221068 2.66002 1.36857 1.47746 1.59305 1.71819 1.850931.99256 2.14359 2.10454 247596 305902 1.42331 155133 1.68948 1.83846 1.99900 2.17189 2.15795 2.55803 2.77308 3.51788 148024 1.62889 1.79085 1.96715 2.15892 236736 2.59374283942 11058S 4.04556 1.53945 1.71034 1.89810 2.10485 2.33164 2.58043 2.8531215176 3.47855 4.65239 1.60103 1.79586 201220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35035 1.66507 1.88565 2.13293 2.40985 2.71962 3.06581 3.45227 388328 436349 6.15279 1.23168 1.97993 2.26090 2.57853 2.937193341733.79750 4310444.88711 7.07571 1.0094 2.07893 2.39656 2.75903 3.17217 36424H 4.17725 4.7459 5.49357 8.13706 1.87298 2.18287 2.54035 2.95216 3:42594 3.97031 4.59497531089 613039 9.39762 1.94790 2.29202 2.69277 3.15882 3.70002 4.32763505447 5.89509 6.86604 10.76126 202582 2.40662 2.8544 3.37993 3.99602 4.717125.55992654355 7.689971237545 2.10689 2.52695 3.02560 3.61653 4.31570 5.341666.11591 726334 8.61276 14 23177 219112265110 3.20714386968 4.660965.60441 672750 8.062319616291636634 TARILE 2. Future Value of an Annuity of Payment 49 59 79 99 10 11 125 15% 1.00000 100000 100000 10000 100000 1.00000 1.00000 10000 100000 1.00000 2 204000 25000 206000 2.0700 2.08000 2.09000 2.10000 2. 11000 212000 2.19000 3 112160 315250 1360 21:49 3.24640 3.27810331000 3.342103174403.47250 4 4.34646 431013 4.7462 44190 450611 457313 464100 4 70973 4.779334,99138 13 5,41632 55256 5.61709 3.7507 5.60 5.98421 6.10810 6.32780635285 6.74238 6 663290191 6.97512 7.1533 7.33592 7.52334 771561 7.912868.11519375374 7. 789829814201 819156865403.92280 9.20044 948717 9.78327 10.08901 11 06680 9.21421 9840110.9747 10:2598 10,63661 11.02847 1143589 TL 85013 12.29969 1772682 9 10.542801162656 1149132 11.9780 1243256 13.02104 13.57948 1416397 14.77566 1678584 10 12.00611 12.5779 1318079 13.8164 1848656 15.19293 15.9174) 16.12201 1254574 20 10172 11 13.4635 14.20679 14 07164 157836 1664549 17.56029 1853117 19.56143 20.6.5455 24.1928 12 15.02581 15.91713 16 6994 17.5 18.07713 2014072 2135426 2271119 2018313 29.00167 13 1662684 1771208 1214 20.1406 2149520 22.95239 2452271 2631164200911 34,25192 14 129101 19.59863 21.01 507 22.5505 2421492 26.01919 27978 30.0992 12.19200 10.50471 35 20.02359 21.57856 2127507 25.1290 2915211291609231.77248 14.4056 1727072 47.58041 16 21.32451 2365740 25.67283 288 30.1242.0010591973 29.18995 42.7525571747 17 23.6.9751 2584037 22128 10.8402 33.7502336.7151 40 544704450054 4888367 65.07509 25.64561 213238 0.00563 33.99903745024 41.10134 455991750 1959355.74072 78.81616 19 2767123M500 3.75999 17.790 41.44626 46.01846 5115909 56.9.1940 6X496882111 20 20. TRON06595 167559 10.9953 45.26196101727500 6420263220244 102.44358 Periode NE 69 9223 DS 56154 92456 SRO 5480 2193 79031 75092 91743 84168 77218 7043 64993 52627 54700 SOLST 10% 90200 2645 75132 6301 622 56449 51316 46651 42410 . 2 2 3 4 5 6 7 M 9 10 11 12 15 14 15 16 1 18 19 20 LE 80270 7353 74622 7106 67654 64451 61901 5846 SS24 51 5050 A100 45RII 43630 41552 39573 3769 29000 3963 79200 .74726 70496 66506 62741 59190 55839 52679 4967 468 442.30 41722 19365 37146 04 3305 3110 70059 67556 64953 62450 SOOS ST 55626 53291 51337 1963 A764 45619 125 1926 29719 71178 635 56743 5066) 45235 AN 36061 3219 28 25668 22917 0.948 0.37344 0.8160 0.76290 0.7129 O. 0.62275 0.58200 054393 0.50835 0.4709 0.4401 0.41496 3782 0336245 0.1373 0.31657 0.29586 0.27615 0.25843 8 92900 ST4 79183 73500 68058 2017 56349 54027 50025 46319 42888 39711 36770 34046 31524 291 27027 25025 20171 21455 11% OVO 1162 73119 15873 59345 54464 48166 42193 39092 35210 31728 28584 25751 23199 2000 18829 42241 36753 35554 32618 29925 27454 35167 20109 21190 1940 1509 3186 2266 2133 2019 2173 1978 1966 16151 75614 65752 57175 4971 41213 3794 .2000 28424 34719 210 ISI 1653 14112 12289 1067 09293 DONI 07027 06110 18270 16312 14564 10 11611 TO COST WYCET LORI WE TARIE 4 Prescor Value of an Annuity of 1 Payments 2 DEZE 4 5 4 2 9 10 79 104 114 125 155 9523 94300093454 92593 91743 90209 90090 29286 34957 1860 1941 1111 1:08 17326 1.75911 173554 171252 LOS 102571 2.77509 2.212 267 2.57710 2.5148 2.44371 240183 2.2623 1900 354 146511 1721 3.31213 3.2.197231606 3.10245 308735 28509 4451 4 42124 410020 3.499271 3.790079 3.695903.00478 15216 524 5.07560 4.91712 47654 4692 442 415526 42054 411141 3.78448 00305 7612 3929 5.2007 50954.16842 471220466416012 6.73274 6.46021 620070 97130 5.7464 5 39 5.14612 4.96764 4472 741531 7.1072 6.8016 651521 6.34689 5995257 5.93205 S25 47715 110.0 7.72173 7600 70019 671008 6.41 M 6.14457 3.8893 5.40225.0177 170018 1961 7368 7.49867 713806 680519 49506 620052 5.9770 523371 9.38502 12 14 79 7.16020140216 6.1941702 9.95 9.39157 815266 3528 7.2017 7450710136 1987 6.42355 53313 10 112 929008 7457 42434 7.76157 17 7244 11.1119 10 712 9.10791 3.58 8.7 7.1987 6.105.8677 1110 10.77 10.100 9.4 HA112 126 7071 2.791 97399194 12 16 1027407 10477 9.121 KISS 7.5479 71191 60716 126 100 110 1201412.20127.24967612791 1201211152101315100501202 7.1929 7365786.1923 136003312412105401 OBRIS 9.12SS 71608 1 10 17 18 19 COCO MacBook Air

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Students also viewed these Accounting questions