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Leon and Heidi decided to invest $2,500 annually for only the first eight years of their marriage. The first payment was made at age 20.
Leon and Heidi decided to invest $2,500 annually for only the first eight years of their marriage. The first payment was made at age 20. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 65? Discrete Compounding; i = 10% Single Payment Uniform Series Compound Compound Sinking Capital Amount Present Amount Present Fund Recovery Factor Worth Factor Factor Worth Factor Factor Factor To Find F To Find P To Find F To Find P To Find A To Find A Given P Given F Given A Given A Given F Given P F/P P/F F/A P/A A/F A/P 1.1000 0.9091 1.0000 0.9091 1.0000 1.1000 1.2100 0.8264 2.1000 1.7355 0.4762 0.5762 1.3310 0.7513 3.3100 2.4869 0.3021 0.4021 1.4641 0.6830 4.6410 3.1699 0.2155 0.3155 GOOD YOUI A W N - 2 1.6105 0.6209 6. 1051 3.7908 0. 1638 0.2638 1.7716 0.5645 7.7156 4.3553 0. 1296 0.2296 1.9487 0.5132 9.4872 4.8684 0. 1054 0.2054 2.1436 0.4665 11.4359 5.3349 0.0874 0.1874 2.3579 0.4241 13.5795 5.7590 0.0736 0.1736 10 2.5937 0.3855 15.9374 6.1446 0.0627 0.1627 11 2.8531 0.3505 18.5312 6.4951 0.0540 0. 1540 12 3.1384 0.3186 21.3843 6.8137 0.0468 0. 1468 13 3.4523 0.2897 24.5227 7.1034 0.0408 0. 1408 14 3.7975 0.2633 27.9750 7.3667 0.0357 0. 1357
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