Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 5 years. He estimates the roof will cost him $10,300 at that time. What amount should Jim invest today at 12% compounded quarterly to be able to pay for the roof? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 5 years. He estimates the roof will cost him $10,300 at that time What amount should Jim invest today at 12% compounded quarterly to be able to pay for the roof? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. Amount to be invested $ 5 702 903 20669 4.5664 7.4002 Future value interest factor of $1 per period at i% for n periods, FVIF(i.n). Period 05% 10% 15% 209 2.5% 3.0% 35% 4.0% 45% 50% 55% 6.0% 65% 70% 7.54 8.09 1 1.0050 1.010010150 10200 1.0250 1.0300 1.0350 1.0400 1.0450 1.0500 1.0550 1.0500 1.0650 1.0700 1.0750 1.0800 2 10100102011030210404 10506 10609 10712 1.0818 1 0920 11025 1.1130 1.1238 1.1342 1 1449 1 1556 1 1664 3 1.0151 1.0303 10457 1.0612 10769 10927 11087 1.1249 1 1412 1.1575 1.1742 1.1910 12079 12250 1.2423 12597 4 1.0202 1.04061.061410824 1.1038 1.1255 1.147 1.1699 1.1925 12155 12368 1.2625 1.2855 1.3108 1.3355 1.3505 5 102531051010773 11041 1.1314 1.1593 11877 1.2167 12462 12763 1.3070 1.3382 1.3701 1.4026 1.4356 1.4693 6 1.0304 1.0615 1.0934 1.1262 1.1597 1.1941 12293 1.2853 13022 1 3401 13788 1.4185 1.4591 15007 1.5433 1.5869 7 10355 1.072111098 1 1487 1.1887 1 2299 12723 13159 13609 1.4071 1.4547 1.5035 1.5540 16058 16590 17138 B 1.0407 1.0829 1126 11717 12184 1 2668 13168 1.3636 14221 1.4775 1.5347 1.5938 1.6550 1.7182 1.7835 1.8509 9 1.0459 1.0937 1.1434 1.1951 12489 13048 1.3629 1.4233 14881 1.5513 1.8191 16895 1.7826 18385 1.9172 1 9990 10 1.0511 1.1046 1.1605 121901.2001 1.3439 1.4106 1.4802 15530 1.6209 1.7081 1.7908 1.8771 1.9672 2.0610 2.1589 11 105641 1157 11779 12434 13121 1.3842 14800 1.5395 15229 17103 1.8021 1 8983 1.9992 21049 2.2156 23315 12 10617 1.1268 1.1956 12682 1.3449 1.4258 15111 1.6010 1.6959 1.7959 1.9012 2.0122 2. 1291 22522 2.3818 25182 13 1.0670 1.1381 12136 12936 13785 1.4685 1.5640 1.6853 17722 18856 20058 2.1329 2.2675 2.4098 2.5804 27196 14 1.0723 1.1495 12318 13195 1.4130 1.5126 16187 1.7317 1.8519 1.9790 2.1161 2.2609 2.4149 25785 2.7524 29372 15 10777116101250213459 1 4483 1.5580 16753 1.8009 19353 20789 22325 23966 25718 27590 2.9589 3 1722 16 1.0831 1.1726 12590 13728 1.4845 1.6047 17340 1.8730 20224 2 1829 23553 2.5404 2.7390 29522 3.1808 3.4259 17 1.0885 1.18431.2880 1.4002 1.5216 1.6528 1.7947 1.9479 21134 2 2920 2.4848 2.6928 2.9170 3.1589 3.4194 3.7000 18 1,09391.1961 13073 1.4282 1.5597 1.7024 1.8575 2.0258 22085 24066 2.6215 2.8543 3.1067 3.3799 3.6758 3.9960 19 1.099412081 132701 4568 15987 17535 19225 2.1068 23079 25270 2.7656 3.0256 3.3006 3.6165 3.9515 4 3157 20 1 1049 1220213469 1.4859 16386 1.8061 19898 2.1911 24117 26533 2 9178 3.2071 3.5236 3.8697 42479 4.6510 21 1.110412324 13671 15157 1.6796 1.8603 20594 2.2788 25202 2.7860 3.0782 3.3996 3.7527 4.1406 5.0338 22 1.1160124471387615460 17216 19161 21315 | 2.3899 25337 2.9253 32475 3.6035 3.9966 4.4304 4.9089 5.4368 23 1.1216 1 2572 1.4084 15769 1.7646 1.9735 22051 2.4547 27522 3.0715 3.4262 3.8197 4.2564 47405 5.2771 5,8715 24 1 127212697 1.4295 16084 1 8087 2.0328 2 2833 2.5633 28760 32251 3.6146 40489 45331 5 0724 5.6729 6.3412 25 1.1328 1.2824 1.4509 1.5406 1.8539 2.0938 2.0938 23632 2.6658 3.0054 3.3864 3.8134 4.2919 4.8277 5.4274 6.0983 6.8485 26 1.1385 12953 1472716734 19003 21566 2 4480 2.7725 3.1407 3.5557 40231 45494 5.1415 5.8074 6.5557 7.3964 27 1 14421308214948 17059 1 9478 2.2213 25316 2.8834 32820 37335 42444 4.8223 5.4757 62139 70474 7.9881 28 1.1499 13213 15172 17410 19965 22879 26202 29987 34297 39201 4.4778 51117 5.8316 6.5488 7.5759 8.6271 29 1.1556 1.3345 1.5400 1.7758 17758 20464 2.3566 27119 3.1187 3.5840 4.1161 4.7241 5.4184 6.2107 7.1143 8.1441 9.3173 30 1.16141347815631 1811420976 2 4273 28068 3.2434 3.7453 43219 49840 5.7435 66144 76123 8.7550 10.0627 31 1 1672 13613 15865 18476 21500 2 5001 29050 3.373 3.9139 45380 5.2581 6.0881 7.0443 81451 9.4116 10.8577 32 1.1730 1.374915103 1.8845 2.2038 2.5751 30067 3.5081 4.0900 4.7849 5.5473 8.4534 7.5022 87153 10.1174 117371 33 1.1789 1.3887 1.6345 1.9222 2.2589 2.6523 3.1119 3.6484 4.2740 5.0032 5.8524 5.8400 7.9898 9.3253 10.8763 12.6760 34 1 1848 1.402616590 1.960723153 2.7319 32209 1 3.7943 4.4664 5 52533 6.1742 72510 9.5092 99781 11.6920 13.6901 35 1.1907 1.4166 1683919999 23732 28139 2.8139 33336 33336 3.9461 4.5673 5.5160 6.5138 7.6861 9.0523 10 6766 12.5689 147853 36 1.1967 1.4306 1.7091 20399 24325 2.0983 3.4503 4.1039 4.8774 57918 6.8721 8.1473 9.6513 11.4239 13.5115 15.9682 37 2 12027 1.4451 1.7348 2.0807 2.4933 2.9852 3.5710 35710 42881 5.0959 6.0814 7.2501 8.6361 10.2786 12 2236 14.5240 17 2456 38 1 2007 1.4595 1.76082122325557 3.0748 3.6950 4.4380 5.3262 6.3855 7.6488 9.1543 10.9467 13.0793 15.6143 18.6253 39 1 2147 1.4741 1787221647 26196 3.1670 3.8254 4.6164 55659 6.7048 8.0695 9.7035 11.6583 13.9948 15.7853 20.1153 40 12208 1.4889 1140 22080 26851 3.2620 39593 4.8010 58164 7.0400 8.5133 10.2857 12.4161 14.9745 18.0442 21.7245 41 1226915038 1841222522 2.7522 3.3599 4.0978 4.9931 60781 73920 8.9815 10.9029 13.2231 16.0227 19.3978 23.4625 42 1.2330 15188 1.8688 22972 2.8210 3.4607 42413 5.1928 63516 7.7518 9.4755 11.5570 14,0826 17.1443 20.8524 25.3395 43 1 239215340 18969 2 3432 28915 35645 4.3891 5.4005 66374 8.1497 9 9967 122805 149980 18 3444 22 4163 273666 44 12454 154931925323901 29638 3.6715 45433 5.6165 6.9361 8 5572 10.5465 12.9855 15.9729 19.6285 240975 29 5560 45 12516 1.5648 1.9542 24379 3.0379 3.7816 4.7024 5.8412 72492 8.9850 11.1208 13.7846 17.0111 21.0025 25.9048 31.9204 46 12579 1.5805 1.9835 24866 3.1139 3.8950 4.8669 3.0748 7.5744 11.7385 14.5905 18.1168 22.4726 27.8477 34.4741 47 1 2642 1.595320133 25363 3.1917 40119 50373 5.3179 79153 9.9060 123841 15.4659 19.2944 24 0457 29.9363 37 2320 48 127051612220435 2587132715 41323 521366.5705 8.2715 10 4013 13.0653 16.3939 20.5485 25.7289 32. 1815 40.2105 49 1.2758 1.6283 20741 26388 3.3533 4.2562 5.3961 6.8333 8.6437 10.9213 13.7838 17.3775 21.8842 27.5299 34.5951 43.4274 50 12832 16440 21052 29916 3.4371 43839 55849 7.1067 9.0326 11.4674 145420 18.4202 23.3067 29 4570 37.1897 46,9016 8.54 1.0850 1 1772 12773 13859 15037 1.6315 17701 1.9206 20839 22610 24532 26617 28879 3.1334 33997 3.5887 4.0023 4.3425 47116 5. 1120 5.5466 60180 6.5296 7.0846 7.6868 8 3401 9.0490 98182 10.6528 11.5583 125407 13.6067 14.7632 160191 173796 18.8569 20.4597 22.1908 240857 26. 1330 28 3543 30.7844 33 3794 36.2167 39 2951 426352 46.2592 50 1912 54.4574 59,0863 9.0% 1.0900 1.1881 12950 1.4116 1.5380 16771 18280 1.9926 2 1719 2.3674 25804 28127 3.0658 3.3417 36425 3.9703 4.3276 4.7171 51417 5.6044 6.1088 5.6586 7.2579 79111 8.6231 9.3992 10 2451 11 1671 12.1722 132677 14 4518 15.7833 17.1820 18.7284 20.4140 22.2512 24.2538 26.4367 28.8160 31.4094 342363 37.3175 40.6761 44.3370 48.3273 52.6767 57 4176 525852 68.2179 74.3575 9.5% 10.0% 1.0950 1.1000 1 1990 12100 1.3129 13310 1.4377 1.4641 1.5742 1.6105 17238 17716 18875 19487 2 1436 2.2832 23579 2.4782 2.5937 2.7137 28531 2.9715 3.1384 3.2537 3.4523 3.5629 3.7975 3.9013 4 1772 4.2719 45950 4.6778 5.0545 5.1222 5,5699 55088 6.1159 6.1416 6.7275 6.7251 7.3639 8. 1403 8 0635 8.9543 8.8296 9.8497 9.6684 10.8347 10.5869 11.5926 13. 1100 12.6939 14.4210 13.8998 15.8631 15 2203 174494 16.5662 19 1943 18.2495 21.1138 19.9832 23 2252 21.8816 255477 23.9604 28 1024 25 2366 30.9127 28.7291 34.0039 31 4584 37.4043 34 4489 41.1448 37.7194 45 2593 41 3027 49.7852 45.2265 54.7637 49 5230 60 2401 542277 66.2641 59.3793 72 8905 66.0204 80. 1795 71 1973 88 1975 77.9611 97 0172 85.3674 106.7190 93.4773 1173909 11 9182 9.4343