Interest Factors Periods 4.50% 5.00% 5.50% 7 1.3609 1.4071 1.4547 6.00% 6.50% 7.00% 1.5036 1.5540 1.6058 7.50% 8.00% 8.50% 9.00% 1.6590 B 1.4221 1.4775 1.5347 1.5938 1.6550 1.7182 1.7835 1.7138 1.7701 1.8280 1.8509 1.9206 1.9926 9 1.4861 1.5513 1.6191 1.6895 1.7626 1.8385 1.9172 1.9990 2.0839 2.1719 1.5530 1.6289 1.7000 1.7908 1.8771 1.9672 2.0610 11 12 1.6229 1.7103 1.8021 1.8983 1.9992 1.6959 1.7959 1.8832 2.0122 2.1291 2.2522 2.3818 2.5182 13 1.7722 1.8856 1.9868 2.1329 2.2675 1.8519 1.9799 2.0961 2.2609 2.4149 2.4098 2.5785 2.1589 2.2610 2.3674 2.1049 2.2156 2.3316 2.4532 2.5804 2.6617 2.8127 2.5604 2.7196 2.8879 3.0658 2.7524 2.9372 3.3134 3.3417 15 2.0224 2.1829 2.3553 2.5404 1.9353 2.0789 2.2114 2.3966 2.5718 2.7590 2.9589 3.1722 3.3997 3.6425 3.6887 3.9703 2.7390 2.9522 3.18081 3.4259 17 18 19 2.1134 2.2920 2.4848 2.6928 2.2085 2.4066 2.6215 2.8543 3.1067 3.3799 2.3079 2.5270 2.7656 3.0256 20 2.4117 21 2.5202 22 23 2.7522 3.0715 2.6337 2.9253 3.2475 3.6035 3.9966 3.4262 3.8197 4.2564 3.7000 4.0023 4.3276 3.6758 3.9960 4.3425 4.7171 3.3086 3.6165 3.9515 4.3157 4.7116 5.1417 2.6533 2.9178 3.2071 3.5236 3.8697 4.2479 4.6610 5.1120 5.6044 2.7860 3.0782 3.3996 3.7527 4.1406 4.5664 5.0338 5.5466 4.4304 4.9089 5.4365 6.0180 6.6586 4.7405 5.2771 5.8715 6.5296 7.2579 2.9170 3.1588 3.4194 6.1088 Sharon On Sharon's first birthday, her parents deposited $7,000 into a savings account that earns a fixed rate of 4.00% and compounds interest annually. How much money will Sharon's account have accumulated by her 20th birthday? (Hint: Round your answer to the nearest dollar.) O $14,748 O $70,000 O $10,361 $15,338 What-If Scenario 1 What would have been the balance in Sharon's account if her parents had waited until her 10th birthday to make their initial deposit into the same account? O $70,000 O $15,338 $14,748 $10,361 What-If Scenario 2 If Sharon's parents wanted to accumulate an account balance of $15,000 by her 20th birthday, then how much should they have placed on deposit on her first birthday? $10,134 $6,846 $1,500 $7,120