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HW A q7 Help pls w Kyle is entoring high school and is determined to save money for college, Kyle feel he can save $5,500
HW A q7 Help pls
w Kyle is entoring high school and is determined to save money for college, Kyle feel he can save $5,500 each year for the next four years from his part-time job. If Kyle is able to invest at 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of 51 table) A (Round your answer to the nearest dollar) When Kyle starts college he will have Present Value of $1 Periods 1% 2% 3% 4% SX 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.9900 900 0.971 0.9620.9620.9430.936 0.926 0.917 0.909 1930.877 0.670 0.66208470.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.8570.542 0.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.7940.772 0.751 0.712 0.675 0.6580.641 0.609 0.579 Perlod 4 0.961 0.924 0.888 0.886 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.5520.516 0.482 Periods 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.667 0.519 0.497 0.476 0.437 0.402 Period 6 0.942) 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.336 Period 7 0.933 0.871 0.813 0.750 0.711 0.665 0.623 0.583 0.547 0.613 0.462 0.400 0.376 0.354 0.314 0.279 Period 8 0.923 0.853 0.789 0.731 0.677 0.6270.582 0.540 0.502 0.467 0.4040.351 0.327 0.305 0.266 0.233 Period 9 0.9141 0.837 66 0.703 0.6450.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0.1 0.225 0.194 Period 10 0.905 0.820 0.744 0.6760.614 0.568 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.1950.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.567 0.497 0.444 0.397 0.356 0.319 0.257 0.20 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.2900229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0 263 0.205 0.160 0.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.2750239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.7280.623 0.534 0.458 0.194 0,339 0.292 0252 0218 0.163 0.123 0.107 0.093 0.071 0.0154 Period 17 10.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0:1980.146 0.108 0.093 0.080 0.060 0.045 Period 18 0,836 0.700 0.587 0.494 0.416 0.250 0.296 0.250 0.212 0.1800.130 0.095 0.081 0.049 0.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.003 0.070 0.000 0.043 0.031 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0215 0.178 0.149 0.104 | 0.073 | 0.061 0.051 0.037 0.026 Period 21 0.811 0.660 0.538 0.439 0.359 0 294 0.242 0.199 0.1640.135 0.093 0.064 0.053 0.044 0.031 0.022 Period 22 0.003 0.647 0.522 0 422 0.342 0.278 0.226 0.184 0.150 0.1230.083 0.036 0.046 0.038 0.026 0.018 Period 23 0.795 0.634 0.507 0.406 0.3260.262 0211 0.1700.138 0.112 0.074 0.04900400033 0.022 0.015 Period 24 O.TB80.622 0.492 0.390 0.310 0.247 0.197 0.158 0.126 0.1020.056 0.0430035 0.028 0.0.19 0.013 Period 25 0.750 0.610 0.478 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.05900380 030 0.024 0.0160.010 Period 26 0.772 0.598 0.464 0.36 0.281 0.220 0.172 0.135 0.105 0.084 0.053 0.033 0.025 0.021 0.014 0.009 Period 27 0.764 0.586 0.450 0.347 0.268 0.207 0.161 0.125 0,099 0.075 0.0470 029 0.021 0.01 0.0110.007 Period 28 0.757 0.574 0.437 0.333 0.256 0.1960.150 0,116 0.090 0.069 0.042 00260 020 0016 0.010 0.006 Period 29 0.749 0.563 0.424 0.321 0.243 0.1640. 141 0.107 0.0820.0630.037 0.0220012 0.014 0.008 0.005 Period 30 10.742 0 5520.412 0.308 0.231 0.1740.131 0.099 0.075 0.057001300200.0160.0120.007 0.004 Period 40 0.572 0.453 0.307 0.208 0.142 0.097 0067 0.046 0.032101022 0.011 0.005 | 2004 | 0.003 0.001 0.001 Period 50 0,608 0.372 0.228 0.141 0.087 0.054 0.034 0021 0.0110.009 0.003 0.001 0.001 0.001 Periods Period Period 2 Period 3 Period Periods Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 Penod 21 Period 22 Period 23 Period 24 Period 25 Future Value of $1 1% 3% 4% 5% 6% 9% 10% 12% 14% 15% 1010 1.020 1030 1040 1050 1.000 1.070 1.000 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.0821.103 1.1241.145 1.166 1.188 1210 1.254 1.300 1.323 1030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1041 1.0821.126 1.170 1216 1.262 1.311 1.360 1.4121.464 1.574 1.689 1.749 1.051 1.104 1.169 1.217 1276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.194 | 1265 1.340 1.419 1.601 1.587 1.677 1.772 1.974 2.1952313 1.072 1.149 1.230 1.316 1.407 1.5041.606 1.714 1.8281.949 2.211 2.502 2660 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.094 1.195 1.305 1.423 1551 1.589 1838 1.999 2172 2.3582.773 3.252 3.518 1.105 1219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.7074046 1.116124313841.539 1710 1.898 2.105 2332 2580 2853 3.479 4225 4.652 1.127 1268 1.426 1.601 1.796 2.012 2 252 2518 2513 3.138 3.896 14.816 | 5.350 1.138 1.2941.469 1.665 1.886 2.133 2410 2.720 3.066 3.4524363 5.4926.153 1149 1319 1.513 1.732 1980 2261 2.579 2907 3 342 3.798 4857 6.261 7076 1.161 1 346 1.558 1.8012079 2 397 2.759 3.172 3642 | 4.177 5.474 7.1388.137 1.17313731-6051.873 2.183 2540 2952 3.425 3.970 2 595 6.130 6.137 9358 1.184 1:400 1653 1.949 2.292 2.6933.159 3.700 4.3235.054 6356 9.276 10.76 1.196 1426 1.7022026 2.407 2.8543 380 39964717 55607 690 10.58 1238 12081457 1 754 2 107 2527 3026 3.5174316 5.142 | 6.116 3.6131206 1423 1 220 14861 B06 2191 2.653 3 207 3.270 466158046.727 9.546 13.74 1637 1.232 1.516 1.9502279 2786 3.400 4.141 | 5034 6.1097 400 10.30 15.57 18.82 1 245 1.546 1916 2.37029253.604 4.430 5.437 | 3.639 8.140 12:10 17.86 21.64 1 257 1577|19742465307238204.72 B1255 3.954 13.55 20.362489 1270 1.608 2.0332.5633 225 4.049 | 5.0726341719119.850 15.18 23:21 28.53 1 282 1.641 2094 2666 3.386 4 2925.427 6.8488.623 10.83 17.00 26.46 292 1 295 1673 2.1572.77223564.5495.80773959399 11.92 19.04 30217 37 86 1308 1.707 2 221 2383 3.7334822621 1998 10.25 13.121.32 34 3943.54 1.321 1.741 22882.999 3920 5.1126649 3 627 11.17 14 42 23.88 3920 50.07 1.135 1776 235731194.115 5.415 7114 9317 121715 8626.1544.69 57 58 1348 1811 242232431 4322 5.741 7612 10.061327 17:45 29.96 5095 65 21 14892 2083 2024 8017040 10.29 14.97217231.41 | 4525 93.05 1889 2679 1 6452692 434101 11.47 184 29.46 46.90 14 36 | 174 289.0 2002 1.084 Period 26 Period 27 Penod 28 Penod 29 Perod 30 Penod 40 Period 50 Present Value of Ordinary Annulty of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 18% 16% 18% 20% Period 0.990 0.980 0.971 0.962 0.962 0.943 0.936 0.926 0.917 0.909 0.8930.877 0.870 0.862 0.847 0.633 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.8081.783 1.759 1.736 1.690 1.647 1.626 1.605 1.566 1.528 Perlod 3 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.677 2.531 2.487 24022.322 2283 2.246 2.174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.1703.037 2.914 2.865 2798 2.690 2.689 Periods 4.853 4.713 4.580 4.452 4.3294212 4.100 1.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.767 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.498 3.326 Period 7 6.728 6.4726.230 6.0025.786 5.582 5.389 5.206 5.033 4.868 4.564 4.2884.160 4.0393.812 3.605 Period & 7.662 7.325 7.020 6.733 6.463 6.2105.971 5.7475.535 5.335 4.968 4.6394.487 4.344 4.078 3.837 eriod 9 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.9955.759 5.328 4.946 4.772 4.607 4.303 4.031 Period 10 9.471 8.983 8.530 3.111 7.722 7.360 70246.710 6.418 6.145 5.6505.216 5.0194.833 4.494 4.192 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.8056.495 5.938 5.453 5.234 5.029 4.656 4.327 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.1616.814 6.1945.660 5.421 5.1974.793 4.439 Period 13 12.134 11.348 10.635 9.985 9.394 8.853 8.358 7.904 7.487 7,1036.42458425.583 5.3424.910 14.533 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 4.244 7.78673676.6286.002 5.724 5.468 5.008 4.611 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.659 8.061 7.606 6.811 6.142 5.847 5.575 5.092 4.675 Period 16 14.718 13.57812.561 11.652 10.838 10.106 94478.851 8.31378246.9746.265 5.954 5.6695.1624.730 Period 17 15.562 14 292 13.166 12.166 11 274 10.477 9.763 9.122 8.544 3.022 7.1206.373 6.047 5.7495 222 4.775 Period 18 16.398 14.992 | 13.754 12.659 11.690 10.828 10.059 9.3728.756 8.2017.250 6.4676.128 5.818 5.273 4812 Period 19 17.226 15.678 14.324 13.134 12085 11.158 10,336 9.604 8.950 8.365 7.36665506.19858775.316 4844 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 10.5949.818 9.129 8.514 7.4696.623 6.299 5.9295.353 4.870 Period 21 18.857 17.011 15.415 14.029 12 821 11764 10.836 10.0179.2928.6497.582 6.687 6.3125.973 5.384 4.891 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.2019.442 87727,645 6.743 6.359 6.011 5.410 4.909 Period 23 20.456 18.292 16.44414857 13 489 12 30311 272 10.3719 5808.8837.718 67926399 8.044 5.432 4.925 Period 24 121.243 18.914 16.936 15 247 13.799 12 550 11469 | 10 529 9.7078,985 7.784 6835 6434 5,073 5.451 14.937 Period 25 22.023 19 523 17.413 15.622 14.094 12.783 11.654 10,675 9.8239.072 7.843 6873 6.464 6 097 5.467 4.948 Period 26 122.79520.12117.87715.933 (14.375 13.003 11.826 10.81099299961 7.896 5.906 6491 6.118 5 480 4.956 Period 27 123.560 20.707 18.327 16 330 14,64313.211 11.987 10.935 10.027 9 237 7.943.9356.514 6.135 5.492 4964 Period 28 24 316 21.28118.764 16.663 14.898 13.406 12 1371105110 116 9 DOT 7 984 6.961 6,5346,152 5.502 | 4.970 Period 29 25.066 21.84419.1886 984 15.141113591 12 278 11.158 10.198937080226.983 G551 6.1665.510 4975 period 30 25.808 22.396 19.600 17 292 1537213.768 1240911258 10.274 942120557003 6.566 6.1775.517 4979 Period 40 32 835 27 355 23.115 19 793 17.169 15.046 13.332 11.925 10.75797798.244 7 105 5.642 6233 5.548 4.997 Period 30 39.196 31.42425.730 21.482 18.256115721380112233 (10 962 9915 3.3042133 5661 6.246 5.5544999 Periods Period 1 Period 2 Period 3 Period 4 Periods Period 6 Period 7 Period & Period 9 Period 10 Period 11 Period 12 Period 13 eriod 14 Period 15 Future Value of Ordinary Annulty of $1 2% 18 3% 8% 14% 15% 7% 6% 9% 8% 12% 10% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000.000 2010 2.020 2030 2040 2050 2050 2070 2.080 2090 2.100 2.120 2.140 2.150 3.030 3.050 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 3.440 3.473 4.060 4.122 4.1844.246 4.310 4.375 4.440 4.5064.573 4.641 4.779 4.921 4.993 5.101 5.2045.309 5.416 5.526 5.6375.751 5.8675.985 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.975 7.1537.336 7.523 7.716 8.115 8.536 8.754 7.214 7.434 7.6627.898 8.142 3.394 8.654 8.9239.2009.487 10.09 10.73 11.07 8.286 3.583 8.8929.214 9.549 9.897 10.260 10.64 11.03 11.44 12 30 13.23 13.73 9.369 9.756 10.16 10.58 11.03 11:49 11.98 1249 13.02 13.5 14.78 16.09 16.79 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.1915.94 17.55 19.34 20.30 11.57 12.17 12.81 13.49 1421 14.97 15.78 16.65 1756 1853 20.65 23.04 24.35 12.68 13,41 14.19 15.03 15.9216.87 17.8918.98 20.14 21.38 24.13 27.2729.00 13,81 14.6815.62 1663 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.0934.35 14.95 15.97 17.09 18.29 19.60 21.02 22 55 2421 26 02 2798 32 39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23:28 25.13 27.15 2936 | 31.77 37 28 43.84 | 47.58 17 26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35 95 42.75 50.98 55.72 18.43 2001 21.76 23.70 25.84 28.21 30 84 33.75 36.97 40.54 48.38 59.1265.08 19.61 21.41 23.412565 28.13 3091 34.00 37.45 41.30 45.60 55.7568.39 75.84 20.81 22.84 25.12 27.67 30.54 33.76 37 38 41 45 46.02 51.1663.44 7897 88.21 22.02 24.30 26.87 29.7833 07 36.79 41.00 45.7051:16572872.05 91.02 1024 23.24 25 7828.68 31.97 35.72 39.99 44 87 50.42 56.75 | 64.00 81.701048 112.8 24.47 27 30 30.54 34 252.51 43.39 49.01 55.46 628771.40 92 50 120.4 1376 25.12 288532.45 36.62 41.43 4700 53.44 50.89 69.53 1954 104.6 138 31593 26,97 30.42 34 43 39.08 44 50 50 82 58.1856.7676.7950 118.2 158.7184.2 28.24 2203 36.46 | 41.65 47.73 5486 6325 13.11 B4T095.35 133.31819 212.8 29 53 33.6738.55 44.3151.159.16 68.68 19.95 93 32 109 2150.3 203 32457 3082 35 34 40.71470854.6763.11 74.48873102.7 121.1 169.4 | 2385 283.6 12.13 37.05 4293 49 9758.406853 8070 95.34 1930 1942 190.7 2729 3271 13.45 35.79 45.22 32 97 62 32 734 87 35 104 0 1241 1486 21463121 3772 34.78 40.57 47.58560866.44 7900 9446 1133 | 1362 1645 241.335684347 48.89 504075,409503 1203 1548 | 1996 259.13379 4426767.11 342 1,779 54.46 84.58 11281527 2093 290340555738 615.11.164 2.400 | 4995 1213 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 Period 27 Period 28 Period 29 Period 30 Period 40 Period 50 Step by Step Solution
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