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Earl Smith is saving for a new car that costs $35.000. How many dollars should be set aside now to have ered 11 $35,000 in
Earl Smith is saving for a new car that costs $35.000. How many dollars should be set aside now to have ered 11 $35,000 in 6 years assuming money compounds at 4% annually? Present Vakue Interest Factors 1.00 on Period 2%4%6% 8% 10% 17% 20% 5% ,980415 9434 9259 .9091 8929 B696333 2 9612 9246 B900 8573 8264 1972 7561 944 3 9423 890 8396 7938 7513 7118 6575 5787 4 9238 8548 7921 7350 36355 5718 823 "9057 8319 J473 6806 6209 5674 A972 19 6 8880 7903 7050 302 5645 5066 323 3349 .8706 .7599 6651 .5035 ,5132 A523 .3799 .279 8 8535 7307 6274 5403 4665 A039 3269 2326 9 8363 7026 5919 5002 3606 2843 1938 10 8203 6756 5584 632 3855 3220 2472 -1615 11 043 6496 5268 A289 3S0S 2875 2149 .1346 12 7885 6246 A970 3971 3186 2567 1869 1122 13 7730 6006 A688 3677 2897 2292 1625 0935 14 7579 5775 A423 340S 2633 2046 1413 0779 15 7430 5553 4173 3152 239 187 1229 49 16 7284 5339 3936 2919 2176 1631 1069 0541 17 142 S134 3714 2703 1978 1456 0929 0451 18 ,7002 ,4936 3503 2502 .1799 .1300 .0808 0376 19 6864 4746 3305 2317 1635 1161 0703 0313 20 6730 4564 3118 2145 1486 0037 01 021 Select one: a. 27.660.50 o b. 28,660.50 C. 29.660.50 0 d. 30.660.50
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