If you invest $16,000 at 11% interest, how much will you have in 13 years? Use Appendix A to calculate the answer. Multiple Choice $20,128 $62,128 $4,128 $116,900 Appendix A Future value of $1, FVF FV = PV(1 + i)" Percent Period 1% 2% 3% 4% 5% 7% 8% 9% 10% 11% 6% 1.060 1 1.010 1.020 1.030 1.040 1.050 1.080 1.090 1.100 1.110 2 1.020 1.103 1.124 1.188 1.070 1.145 1.225 1.210 1.040 1.061 1.082 3 1.082 1.125 1.170 1.166 1.260 1.030 1.158 1.331 1.464 4 1.232 1.368 1.518 1.685 1.041 1.311 1.061 1.093 1.126 1.159 1.194 1.230 1.360 1.295 1.412 1.539 1.216 1.276 5 1.051 1.104 1.217 1.403 6 1.126 1.870 1.265 1.316 BER**** 1.191 1.262 1.338 1.419 1.504 1.594 1.689 1.340 1.407 1.501 1.606 1.677 1.828 7 1.469 1.587 1.714 1.851 1.999 1.149 1.172 1.195 8 1.611 1.772 1.949 2.144 2.358 1.267 1.062 1.072 1.083 1.094 1.105 1.116 1.369 1.477 1.718 1.993 9 1.423 1.551 2.172 10 1.480 1.629 2.159 2.594 1.219 1.243 2.367 2.580 11 1.539 2.332 1.710 1.796 12 1.838 1.967 2.105 2.252 2.410 2.579 1.127 1.268 1.601 13 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.138 1.294 2.076 2.305 2.558 2.839 3.152 3.498 3.883 4.310 4.785 5.311 5.895 6.544 1.791 1.898 2.012 2.133 2.261 2.397 2.540 1.886 14 15 1.149 1.161 1.173 1.665 1.732 1.801 1.873 1.319 1.346 1.373 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 1.980 2.079 2.183 2.292 2.407 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 2.759 2.952 16 17 1.184 2.693 3.159 18 1.400 1.428 1.457 2.854 1.702 1.754 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 8.623 13.268 31.409 74.358 19 2.527 3.026 6.116 1.196 1.208 1.220 1.282 1.348 1.489 1.645 20 25 30 40 1.486 1.641 1.811 2.208 2.692 1.948 2.026 2.107 2.191 2.666 3.243 4.801 1.806 2.094 2.427 3.262 4.384 2.653 3.386 4.322 7.040 3.380 3.617 3.870 5.427 7.612 14.974 3.207 4.292 5.743 10.286 4.661 6.848 10.063 21.725 46.902 6.727 10.835 17.449 45.259 117.39 7.263 8.062 13.585 22.892 65.001 184.57 50 7.107 11.467 18.420 29.457