Question
I need this now please. I have ran out of $$ but promise to ask for the one that get me the 1st results and
I need this now please. I have ran out of $$ but promise to ask for the one that get me the 1st results and reward you.
This is the link for the table, I also uploaded it.
Click here to view page 1 of the future value table.LOADING...
Click here to view page 2 of the future value table.LOADING..
1- A bank made a farmer a loan of ?$1,400 at 14?% for three years compounded annually. Find the future value and the compound interest paid on the loan. Compare the compound interest with simple interest for the same period.
Future value = $_________
?(Round to the nearest cent as?needed.)
2- Tom Bond borrowed ?$6,600 at 6 1/2 for three years compounded annually. What is the compound amount of the loan and how much interest will he pay on the?loan?
Compound amount________________(Round to the nearest cent as?needed.)
3-An investment of ?$8000at 4?% is compounded semiannually for fouryears. Find the future value and compound interest. Use the?$1.00 future value table or the future value and compound interest formula.
The future value of the investment is ?$_______?(Round to the nearest cent as?needed.)
4- A loan of ?$2000at 30?% is compounded monthly for one year. Find the future value and compound interest. Use the?$1.00 future value table or the future value and compound interest formula.
.The.future value of the loan is ?$______ ?(Round to the nearest cent as?needed.)
5 - A bank loaned John Smith ?$1,000for fouryears compounded annually at 5?%. How much interest was John required to pay on the?loan? Use the?$1.00 future value table or the future value and compound interest formula.
John was required to pay ?$______of interest. ?(Round to the nearest cent as?needed.)
6 - Ross Land has a loan of?$8,500 compounded quarterly for three years at 8?%. What is the effective interest rate for the?loan?
The effective interest rate is ________?%. ?(Round to two decimal places as?needed.)
Future Value or Compound Amount of $1.00 Rate per period Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 1 1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 2 1.01003 1.02010 1.03023 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 3 1.01508 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 4 1.02015 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882 5 1.02525 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696 6 1.03038 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 7 1.03553 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 1.36086 1.40710 1.45468 8 1.04071 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469 9 1.04591 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 1.61909 10 1.05114 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889 1.70814 11 1.05640 1.11567 1.17795 1.24337 1.31209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 12 1.06168 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 13 1.06699 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 14 1.07232 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 15 1.07768 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 16 1.08307 1.17258 1.26899 1.37279 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 2.35526 17 1.08849 1.18430 1.28802 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 18 1.09393 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 19 1.09940 1.20811 1.32695 1.45681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 20 1.10490 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 21 1.11042 1.23239 1.36706 1.51567 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 22 1.11597 1.24472 1.38756 1.54598 1.72157 1.91610 2.13151 2.36992 2.63365 2.92526 3.24754 23 1.12155 1.25716 1.40838 1.57690 1.76461 1.97359 2.20611 2.46472 2.75217 3.07152 3.42615 24 1.12716 1.26973 1.42950 1.60844 1.80873 2.03279 2.28333 2.56330 2.87601 3.22510 3.61459 25 1.13280 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.81339 26 1.13846 1.29526 1.47271 1.67342 1.90029 2.15659 2.44596 2.77247 3.14068 3.55567 4.02313 27 1.14415 1.30821 1.49480 1.70689 1.94780 2.22129 2.53157 2.88337 3.28201 3.73346 4.24440 28 1.14987 1.32129 1.51722 1.74102 1.99650 2.28793 2.62017 2.99870 3.42970 3.92013 4.47784 29 1.15562 1.33450 1.53998 1.77584 2.04641 2.35657 2.71188 3.11865 3.58404 4.11614 4.72412 30 1.16140 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% Rate per period Table shows future value (FV) of $1.00 compounded for N periods at R rate per period. Table values can be generated using the formula FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R)N. Future Value or Compound Amount of $1.00 Rate per period Periods 6.00% 1 1.0600 0 2 1.1236 0 3 1.1910 2 4 1.2624 8 5 1.3382 3 6 1.4185 2 7 1.5036 3 8 1.5938 5 9 1.6894 8 10 1.7908 5 11 1.8983 0 12 2.0122 0 13 2.1329 3 14 2.2609 0 15 2.3965 6 16 2.5403 5 17 2.6927 7 18 2.8543 4 19 3.0256 0 20 3.2071 4 21 3.3995 6 22 3.6035 4 6.50% 1.0650 0 1.1342 3 1.2079 5 1.2864 7 1.3700 9 1.4591 4 1.5539 9 1.6550 0 1.7625 7 1.8771 4 1.9991 5 2.1291 0 2.2674 9 2.4148 7 2.5718 4 2.7390 1 2.9170 5 3.1066 5 3.3085 9 3.5236 5 3.7526 8 3.9966 1 7.00% 1.0700 0 1.1449 0 1.2250 4 1.3108 0 1.4025 5 1.5007 3 1.6057 8 1.7181 9 1.8384 6 1.9671 5 2.1048 5 2.2521 9 2.4098 5 2.5785 3 2.7590 3 2.9521 6 3.1588 2 3.3799 3 3.6165 3 3.8696 8 4.1405 6 4.4304 0 7.50% 1.0750 0 1.1556 3 1.2423 0 1.3354 7 1.4356 3 1.5433 0 1.6590 5 1.7834 8 1.9172 4 2.0610 3 2.2156 1 2.3817 8 2.5604 1 2.7524 4 2.9588 8 3.1807 9 3.4193 5 3.6758 0 3.9514 9 4.2478 5 4.5664 4 4.9089 2 8.00% 8.50% 9.00% 9.50% 10.00% 11.00% 12.00% 1.08000 1.08500 1.09000 1.09500 1.10000 1.11000 1.12000 1.16640 1.17723 1.18810 1.19903 1.21000 1.23210 1.25440 1.25971 1.27729 1.29503 1.31293 1.33100 1.36763 1.40493 1.36049 1.38586 1.41158 1.43766 1.46410 1.51807 1.57352 1.46933 1.50366 1.53862 1.57424 1.61051 1.68506 1.76234 1.58687 1.63147 1.67710 1.72379 1.77156 1.87041 1.97382 1.71382 1.77014 1.82804 1.88755 1.94872 2.07616 2.21068 1.85093 1.92060 1.99253 2.06687 2.14359 2.30454 2.47596 1.99900 2.08386 2.17189 2.26322 2.35795 2.55804 2.77308 2.15892 2.26098 2.36736 2.47823 2.59374 2.83942 3.10585 2.33164 2.45317 2.58043 2.71366 2.85312 3.15176 3.47855 2.51817 2.66169 2.81266 2.97146 3.13843 3.49845 3.89598 2.71962 2.88793 3.06580 3.25375 3.45227 3.88328 4.36349 2.93719 3.13340 3.34173 3.56285 3.79750 4.31044 4.88711 3.17217 3.39974 3.64248 3.90132 4.17725 4.78459 5.47357 3.42594 3.68872 3.97031 4.27195 4.59497 5.31089 6.13039 3.70002 4.00226 4.32763 4.67778 5.05447 5.89509 6.86604 3.99602 4.34245 4.71712 5.12217 5.55992 6.54355 7.68997 4.31570 4.71156 5.14166 5.60878 6.11591 7.26334 8.61276 4.66096 5.11205 5.60441 6.14161 6.72750 8.06231 9.64629 5.03383 5.54657 6.10881 6.72507 7.40025 8.94917 10.8038 5 5.43654 6.01803 6.65860 7.36395 8.14027 9.93357 12.1003 1 23 3.8197 5 24 4.0489 3 25 4.2918 7 26 4.5493 8 27 4.8223 5 28 5.1116 9 29 5.4183 9 30 5.7434 9 Periods 6.00% 4.2563 9 4.5330 5 4.8277 0 5.1415 0 5.4757 0 5.8316 2 6.2106 7 6.6143 7 6.50% 4.7405 3 5.0723 7 5.4274 3 5.8073 5 6.2138 7 6.6488 4 7.1142 6 7.6122 6 7.00% 5.2770 9 5.6728 7 6.0983 4 6.5557 2 7.0473 9 7.5759 5 8.1441 4 8.7549 6 7.50% 5.87146 6.52956 7.25787 8.06352 8.95430 11.0262 7 6.34118 7.08457 7.91108 8.82956 9.84973 12.2391 6 6.84848 7.68676 8.62308 9.66836 10.8347 13.5854 1 6 7.39635 8.34014 9.39916 10.5868 11.9181 15.0798 6 8 6 7.98806 9.04905 10.2450 11.5926 13.1099 16.7386 8 1 9 5 8.62711 9.81822 11.1671 12.6939 14.4209 18.5799 4 1 9 0 9.31727 10.6527 12.1721 13.8998 15.8630 20.6236 7 8 3 9 9 10.0626 11.5582 13.2676 15.2203 17.4494 22.8923 6 5 8 1 0 0 8.00% 8.50% 9.00% 9.50% 10.00% 11.00% Rate per period Table shows future value (FV) of $1.00 compounded for N periods at R rate per period. Table values can be generated using the formula N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R) . 13.5523 5 15.1786 3 17.0000 6 19.0400 7 21.3248 8 23.8838 7 26.7499 3 29.9599 2 12.00%Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started