Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Leon Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Leon has recently come into an inheritance of $400,000.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Leon Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Leon has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $339,600 when he retires in 5 years: Click here to view factor tables. How much of his inheritance must he invest at an annual rate of 4% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, es. 458,581.) Investment amount TABLE 6.5 Present Value of an Annuity Due of 1 \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & Periods \\ \hline 92593 & .91743 & 90909 & 90090 & .89286 & .86957 & 1 \\ \hline 1.78326 & 1.75911 & 1.73554 & 1.71252 & 1.69005 & 1.62571 & 2 \\ \hline 2.57710 & 2.53130 & 2.48685 & 2.44371 & 2.40183 & 2.28323 & 3 \\ \hline 3.31213 & 3.23972 & 3.16986 & 3.10245 & 3.03735 & 2.85498 & 4 \\ \hline 3.99271 & 3.88965 & 3.79079 & 3.69590 & 3.60478 & 3.35216 & 5 \\ \hline 4.62288 & 4.48592 & 4.35526 & 4.23054 & 4.11141 & 3.78448 & 6 \\ \hline 5.20637 & 5.03295 & 4.86842 & 4.71220 & 4.56376 & 4.16042 & 7 \\ \hline 5.74664 & 5.53482 & 5.33493 & 5.14612 & 4.96764 & 4.48732 & 8 \\ \hline 6.24689 & 5.99525 & 5.75902 & 5.53705 & 5.32825 & 4.77158 & 9 \\ \hline 6.71008 & 6.41766 & 6.14457 & 5.88923 & 5.65022 & 5.01877 & 10 \\ \hline 7.13896 & 6.80519 & 6.49506 & 6.20652 & 5.93770 & 5.23371 & 11 \\ \hline 7.53608 & 7.16073 & 6.81369 & 6.49236 & 6.19437 & 5.42062 & 12 \\ \hline 7,90378 & 7.48690 & 7.10336 & 6.74987 & 6.42355 & 5.58315 & 13 \\ \hline 8.24424 & 7.78615 & 7.36669 & 6.98187 & 6.62817 & 5.72448 & 14 \\ \hline 8.55948 & 8.06069 & 7.60608 & 7,19087 & 6.81086 & 5.84737 & 15 \\ \hline 8.85137 & 8.31256 & 7.82371 & 7,37916 & 6.97399 & 5.95424 & 16 \\ \hline 9.12164 & 8.54363 & 8.02155 & 7.54879 & 7.11963 & 6.04716 & 17 \\ \hline 9.37189 & 8.75563 & 8.20141 & 7.70162 & 7.24967 & 6.12797 & 18 \\ \hline 9.60360 & 8.95012 & 8.36492 & 7.83929 & 7.36578 & 6.19823 & 19 \\ \hline 9.81815 & 9.12855 & 8.51356 & 7.96333 & 7.46944 & 6.25933 & 20 \\ \hline 10.01680 & 9.29224 & 8.64869 & 8.07507 & 7.56200 & 6.31246 & 21 \\ \hline 10.20074 & 9.44243 & 8.77154 & 8,17574 & 7.64465 & 6.35866 & 22 \\ \hline 10.37106 & 9.58021 & 8.88322 & 8.26643 & 7.71843 & 6.39884 & 23 \\ \hline 10.52876 & 9.70661 & 8.98474 & 8.34814 & 7.78432 & 6.43377 & 24 \\ \hline 10.67478 & 9.82258 & 9.07704 & 8.42174 & 7.84314 & 6.46415 & 25 \\ \hline 10.80998 & 9.92897 & 9.16095 & 8.48806 & 7.89566 & 6.49056 & 26 \\ \hline 10.93516 & 10.02658 & 9.23722 & 8.54780 & 7.94255 & 6.51353 & 27 \\ \hline 11.05108 & 10.11613 & 9.30657 & 8.60162 & 7.98442 & 6.53351 & 28 \\ \hline 11.15841 & 10.19828 & 9.36961 & 8.65011 & 8.02181 & 6.55088 & 29 \\ \hline 11.25778 & 10.27365 & 9.42691 & 8.69379 & 8.05518 & 6.56598 & 30 \\ \hline 11.34980 & 10.34280 & 9.47901 & 8.73315 & 8.08499 & 6.57911 & 31 \\ \hline 11.43500 & 10.40624 & 9.52638 & 8.76860 & 8.11159 & 6.59053 & 32 \\ \hline 11.51389 & 10.46444 & 9.56943 & 8.80054 & 8.13535 & 6.60046 & 33 \\ \hline 11.58693 & 10.51784 & 9.60858 & 8.82962 & 8.15656 & 6.60910 & 34 \\ \hline 11.65457 & 10.56682 & 9.64416 & 8.85524 & 8.17550 & 6.61661 & 35 \\ \hline 11.71719 & 10.61176 & 9.67651 & 8.87859 & 8.19241 & 6.62314 & 36 \\ \hline 11.77518 & 10.65299 & 9.70592 & 8.89963 & 8.20751 & 6.62882 & 37 \\ \hline 11,82887 & 10.69082 & 9.73265 & 8.91859 & 8.22099 & 6.63375 & 38 \\ \hline 11.87858 & 10.72552 & 9.75697 & 8.93567 & 8.23303 & 6.63805 & 39 \\ \hline 11,92461 & 10.75736 & 9.77905 & 8.95105 & 8.24378 & 6.64178 & 40 \\ \hline \end{tabular} TABLE 6.1 Future Value of 1 (Future Value of a Single Sum) FVFm=(1+i)n \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & (n)Periods \\ \hline 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1 \\ \hline 1.82593 & 1.91743 & 1.90909 & 1.90090 & 1.89286 & 1.86957 & 2 \\ \hline 2.78326 & 2.75911 & 2.73554 & 2.71252 & 269005 & 2.62571 & 3 \\ \hline 3.57710 & 3.53130 & 3.48685 & 3.44371 & 3.40183 & 3.28323 & 4 \\ \hline 4.31213 & 4.23972 & 4.16986 & 4.10245 & 4.03735 & 3.85498 & 5 \\ \hline 4.99271 & 4.88965 & 4.79079 & 4.69590 & 4.60478 & 4.35216 & 6 \\ \hline 5.62288 & 5.48592 & 5.35526 & 5.23054 & 5.11141 & 4.78448 & 7 \\ \hline 6.20637 & 6.03295 & 5.86842 & 5.71220 & 5.56376 & 5. 16042 & 8 \\ \hline 6.74664 & 6.53482 & 6.33493 & 6.14612 & 5.96764 & 5.48732 & 9 \\ \hline 7.24689 & 6.99525 & 6.75902 & 6.53705 & 6.32825 & 5.77158 & 10 \\ \hline 7.71008 & 7.41766 & 7.14457 & 6.88923 & 6.65022 & 6.01877 & 11 \\ \hline 8.13896 & 7.80519 & 7.49506 & 7.20652 & 6.93770 & 6.23371 & 12 \\ \hline 8.53608 & 8.16073 & 7.81369 & 7.49236 & 7.19437 & 6.42062 & 13 \\ \hline 8.90378 & 8.48690 & 8. 10336 & 7.74987 & 7.42355 & 6.58315 & 14 \\ \hline 9.24424 & 8.78615 & 8.36669 & 7.98187 & 7.62817 & 6.72448 & 15 \\ \hline 9.55948 & 9.06069 & 8.60608 & 8.19087 & 7.81086 & 6.84737 & 16 \\ \hline 9.85137 & 9.31256 & 8.82371 & 8.37916 & 7.97399 & 6.95424 & 17 \\ \hline 10.12164 & 9.54363 & 9.02155 & 8.54879 & 8.11963 & 7.04716 & 18 \\ \hline 10.37189 & 9.75563 & 9.20141 & 8.70162 & 8. 24967 & 7.12797 & 19 \\ \hline 10.60360 & 9.95012 & 9.36492 & 8.83929 & 8.36578 & 7.19823 & 20 \\ \hline 10.81815 & 10.12855 & 9.51356 & 8.96333 & 8.46944 & 7,25933 & 21 \\ \hline 11.01680 & 10.29224 & 9.64869 & 9.07507 & 8.56200 & 7.31246 & 22 \\ \hline 11.20074 & 10.44243 & 9.77154 & 9.17574 & 8.64465 & 7.35866 & 23 \\ \hline 11.37106. & 10.58021 & 9.88322 & 9.26643 & 8.71843 & 7.39884 & 24 \\ \hline 11.52876 & 10.70661 & 9.98474 & 9.34814 & 8.78432 & 7.43377 & 25 \\ \hline 11.67478 & 10.82258 & 10.07704 & 9.42174 & 8.84314 & 7,46415 & 26 \\ \hline 11,80998 & 10.92897 & 10,16095 & 9.48806 & 8.89566 & 7.49056 & 27 \\ \hline 11.93518 & 11.02658 & 10.23722 & 9.54780 & 8.94255 & 7.51353 & 28 \\ \hline 12.05108 & 11.11613 & 10.30657 & 9.60162 & 8.98442 & 7.53351 & 29 \\ \hline 12.15841 & 11.19828 & 10.36961 & 9.65011 & 9.02181 & 7.55088 & 30 \\ \hline 12.25778 & 11.27365 & 10.42691 & 9.69379 & 9.05518 & 7.56598 & 31 \\ \hline 12.34980 & 11.34280 & 10.47901 & 9.73315 & 9.08499 & 7.57911 & 32 \\ \hline 12.43500 & 11.40624 & 10.52638 & 9.76860 & 9.11159 & 7.59053 & 33 \\ \hline 12.51389 & 11.46444 & 10.56943 & 9.80054 & 9.13535 & 7.60046 & 34 \\ \hline 12.58693 & 11.51784 & 10.60858 & 9.82932 & 9.15656 & 7.60910 & 35 \\ \hline 12.65457 & 11,56682 & 10.64416 & 9.85524 & 9.17550 & 7.61661 & 36 \\ \hline 12.71719 & 11.61176 & 10.67651 & 9.87859 & 9.19241 & 7.62314 & 37 \\ \hline 12.77518 & 11.65299 & 10.7059? & 9.89963 & 9.20751 & 7.62882 & 38 \\ \hline 12.82887 & 11.69082 & 10.73265 & 9.91859 & 9.22099 & 7.63375 & 39 \\ \hline 12.87858 & 11.72552 & 10.75697 & 9.93567 & 9.23303 & 7.63805 & 40 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & Periods \\ \hline .92593 & .91743 & .90909 & 90090 & .89286 & .86957 & 1 \\ \hline .85734 & .84168 & .82645 & .81162 & .79719 & .75614 & 2 \\ \hline .79383 & 77218 & .75132 & .73119 & .71178 & .65752 & 3 \\ \hline .73503 & .70843 & .68301 & .65873 & .63552 & .57175 & 4 \\ \hline .68058 & .64993 & 62092 & .59345 & .56743 & 49718 & 5 \\ \hline 63017 & .59627 & .56447 & .53464 & .50663 & .43233 & 6 \\ \hline .58349 & .54703 & .51316 & .48166 & .45235 & .37594 & 7 \\ \hline .54027 & .50187 & .46651 & .43393 & .40388 & .32690 & 8 \\ \hline .50025 & .46043 & .42410 & .39092 & .36061 & .28426 & 9 \\ \hline .46319 & .42241 & 38554 & .35218 & 32197 & .24719 & 10 \\ \hline .42888 & .38753 & .35049 & .31728 & 28748 & .21494 & 11 \\ \hline .39711 & .35554 & .31863 & .28584 & .25668 & 18691 & 12 \\ \hline 36770 & 32618 & .28966 & 25751 & .22917 & .16253 & 13 \\ \hline 34046 & .29925 & .26333 & .23199 & .20462 & .14133 & 14 \\ \hline .31524 & 27454 & .23939 & 20900 & .18270 & .12289 & 15 \\ \hline 29189 & .25187 & 21763 & .18829 & .16312 & .10687 & 16 \\ \hline 27027 & .23107 & .19785 & .16963 & .14564 & .09293 & 17 \\ \hline .25025 & .21199 & .17986 & .15282 & .13004 & .08081 & 18 \\ \hline .23171 & .19449 & .16351 & .13768 & .11611 & .07027 & 19 \\ \hline .21455 & .17843 & .14864 & .12403 & .10367 & .06110 & 20 \\ \hline .19866 & .16370 & .13513 & .11174 & .09256 & .05313 & 21 \\ \hline .18394 & .15018 & .12285 & .10067 & .08264 & .04620 & 22 \\ \hline .17032 & .13778 & .11168 & .09069 & .07379 & .04017 & 23 \\ \hline .15770 & .12641 & .10153 & .08170 & .06588 & .03493 & 24 \\ \hline .14602 & .11597 & .09230 & .07361 & .05882 & .03038 & 25 \\ \hline .13520 & .10639 & .08391 & .06631 & .05252 & .02642 & 26 \\ \hline .12519 & .09761 & .07628 & .05974 & .04689 & .02297 & 27 \\ \hline .11591 & .08955 & .06934 & .05382 & .04187 & .01997 & 28 \\ \hline .10733 & .08216 & .06304 & .04849 & .03738 & .01737 & 29 \\ \hline .09938 & .07537 & .05731 & .04368 & .03338 & .01510 & 30 \\ \hline .09202 & .06915 & .05210 & .03935 & .02980 & .01313 & 31 \\ \hline .08520 & .06344 & .04736 & .03545 & .02661 & .01142 & 32 \\ \hline .07889 & .05820 & .04306 & .03194 & .02376 & .00993 & 33 \\ \hline .07305 & .05340 & .03914 & .02878 & .02121 & .00864 & 34 \\ \hline .06763 & .04899 & .03558 & .02592 & .01894 & .00751 & 35 \\ \hline .06262 & .04494 & .03235 & .02335 & .01691 & .00653 & 36 \\ \hline .05799 & .04123 & .02941 & .02104 & .01510 & .00568 & 37 \\ \hline .05369 & .03783 & .02674 & .01896 & .01348 & .00494 & 38 \\ \hline .04971 & .03470 & .02430 & .01708 & .01204 & .00429 & 39 \\ \hline .04603 & .03184 & .02210 & .01538 & .01075 & .00373 & 40 \\ \hline \end{tabular} TABI F 6.2 Prasent Value of 1 (Present Value of a Single Sum) 1 TABLE 6.3 Future Value of an Ordinary Annuity of 1 FVFOAn=i(1+i)n1 (7) \begin{tabular}{|c|c|c|c|c|c|c|} \hline Periods & 2% & 21/% & 3% & 4% & 5% & 6% \\ \hline 1 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 \\ \hline 2 & 2.02000 & 2.02500 & 2.03000 & 2.04000 & 2.05000 & 2.06000 \\ \hline 3 & 3.06040 & 3.07563 & 3.09090 & 3.12160 & 3.15250 & 3.18360 \\ \hline 4 & 4.12161 & 4.15252 & 4.18363 & 4.24646 & 4.31013 & 4.37462 \\ \hline 5 & 5.20404 & 5.25633 & 5.30914 & 5.41632 & 5.52563 & 5.63709 \\ \hline 6 & 6.30812 & 6.38774 & 6.46841 & 6.63298 & 6.80191 & 6.97632 \\ \hline 7 & 7.43428 & 7.54743 & 7.66246 & 7.89829 & 8.14201 & 8.39384 \\ \hline 8 & 8.58297 & 8.73612 & 8.89234 & 9.21423 & 9.54911 & 9.89747 \\ \hline 9 & 9.75463 & 9.95452 & 10.15911 & 10.58280 & 11.02656 & 11.49132 \\ \hline 10 & 10.94972 & 11.20338 & 11.46338 & 12.00611 & 12.57789 & 13.18079 \\ \hline 11 & 12.16872 & 12.48347 & 12.80780 & 13.48635 & 14.20679 & 14.97164 \\ \hline 12 & 13.41209 & 13.79555 & 14.19203 & 15.02581 & 15.91713 & 16.86994 \\ \hline 13 & 14.68033 & 15.14044 & 15.61779 & 16.62684 & 17.71298 & 18.88214 \\ \hline 14 & 15.97394 & 16.51895 & 17.08632 & 18.29191 & 19.59863 & 21.01507 \\ \hline 15 & 17.29342 & 17.93193 & 18.59891 & 20.02359 & 21.57856 & 23.27597 \\ \hline 16 & 18.63929 & 19.38022 & 20,15688 & 21.82453 & 23.65749 & 25.67253 \\ \hline 17 & 20.01207 & 20.86473 & 21.76159 & 23.69751 & 25.84037 & 28.21288 \\ \hline 18 & 21.41231 & 22.38635 & 23.41444 & 25.64541 & 28.13238 & 30.90565 \\ \hline 19 & 22.84056 & 23.94601 & 25.11687 & 27.67123 & 30.53900 & 33.75999 \\ \hline 20 & 24.29737 & 25.54466 & 26.87037 & 29.77808 & 33.06595 & 36.78559 \\ \hline 21 & 25.78332 & 27,18327 & 28.67649 & 31.96920 & 35.71925 & 39.99273 \\ \hline 22 & 27.29898 & 28.86286 & 30.53678 & 34.24797 & 38.50521 & 43.39229 \\ \hline 23 & 28.84496 & 30.58443 & 32.45288 & 36.61789 & 41,43048 & 46.99583 \\ \hline 24 & 30.42186 & 32.34904 & 34.42647 & 39.08260 & 44.50200 & 50.81558 \\ \hline 25 & 32.03030 & 34.15776 & 36.45926 & 41.64591 & 47.72710 & 54.86451 \\ \hline 26 & 33.67091 & 36.01171 & 38.55304 & 44.31174 & 51.11345 & 59.15638 \\ \hline 27 & 35,34432 & 37.91200 & 40.70963 & 47.08421 & 54.66913 & 63.70577 \\ \hline 28 & 37.05121 & 39.85980 & 42.93092 & 49.96758 & 58.40258 & 68.52811 \\ \hline 29 & 38.79223 & 41.85630 & 45.21885 & 52.96629 & 62.32271 & 73.63980 \\ \hline 30 & 40.56808 & 43.90270 & 47.57542 & 56.08494 & 66.43885 & 79.05819 \\ \hline 31 & 42.37944 & 46.00027 & 50.00268 & 59.32834 & 70.76079 & 84.80168 \\ \hline 32 & 44.22703 & 48.15028 & 5250276 & 62.70147 & 75.29883 & 90.88978 \\ \hline 33 & 46,11157 & 50.35403 & 55.07784 & 66.20953 & 80.06377 & 97.34316 \\ \hline 34 & 48,03380 & 52.61289 & 57,73018 & 69.85791 & 85.06696 & 104.18376 \\ \hline 35 & 49.99448 & 54.92821 & 60.46208 & 73.65222 & 90.32031 & 111.43478 \\ \hline 36 & 51.99437 & 57.30141 & 63.27594 & 77.59831 & 95.83632 & 119.12087 \\ \hline 37 & 54.03425 & 59.73395 & 66.17422 & 81.70225 & 101,62814 & 127.26812 \\ \hline 38 & 56.11494 & 62.22730 & 69.15945 & 85.97034 & 107.70955 & 135.90421 \\ \hline 39 & 58.23724 & 64.78298 & 7223423 & 90.40915 & 114.09502 & 145.05846 \\ \hline 40 & 60.40198 & 67.40255 & 75.40126 & 95.0255? & 120.79977 & 154.76197 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & Periods \\ \hline 1.08000 & 1.09000 & 1.10000 & 1.11000 & 1.12000 & 1.15000 & 1 \\ \hline 1.16640 & 1.18810 & 1.21000 & 1.23210 & 1.25440 & 1.32250 & 2 \\ \hline 1.25971 & 1.29503 & 1.33100 & 1.36763 & 1,40493 & 1.52088 & 3 \\ \hline 1.36049 & 1.41158 & 1.46410 & 1.51807 & 1.57352 & 1.74901 & 4 \\ \hline 1.46933 & 1.53862 & 1.61051 & 1.68506 & 1.76234 & 2.01136 & 5 \\ \hline 1.58687 & 1.67710 & 1.77156 & 1.87041 & 1.97382 & 2.31306 & 6 \\ \hline 1.71382 & 1.82804 & 1.94872 & 2.07616 & 2.21068 & 2.66002 & 7 \\ \hline 1.85093 & 1.99256 & 2.14359 & 2.30454 & 2.47596 & 3.05902 & 8 \\ \hline 1.99900 & 2.17189 & 2.35795 & 2.55803 & 2.77308 & 3.51788 & 9 \\ \hline 2.15892 & 2.36736 & 2.59374 & 2.83942 & 3.10585 & 4.04556 & 10 \\ \hline 2.33164 & 2.58043 & 2.85312 & 3.15176 & 3,47855 & 4.66239 & 11 \\ \hline 2.51817 & 2.81267 & 3.13843 & 3.49845 & 3.89598 & 5.35025 & 12 \\ \hline 2.71962 & 3.06581 & 3.452227 & 3.88328 & 4.36349 & 6.15279 & 13 \\ \hline 2.93719 & 3.34173 & 3.79750 & 4.31044 & 4.88711 & 7.07571 & 14 \\ \hline 3.17217 & 3.64248 & 4.17725 & 4.78459 & 5.47357 & 8.13706 & 15 \\ \hline 3.42594 & 3.97031 & 4.59497 & 5.31089 & 6.13039 & 9.35762 & 16 \\ \hline 3.70002 & 4.32763 & 5.05447 & 5.89509 & 6.86604 & 10.76126 & 17 \\ \hline 3.99602 & 4.71712 & 5.55992 & 6.54355 & 7.68997 & 12.37545 & 18 \\ \hline 4.31570 & 5.14166 & 6.11591 & 7.26334 & 8.61276 & 14.23177 & 19 \\ \hline 4.66096 & 5.60441 & 6.72750 & 8.06231 & 9.64629 & 16.36654 & 20 \\ \hline 5.03383 & 6.10881 & 7.40025 & 8.94917 & 10.80385 & 18.82152 & 21 \\ \hline 5.43654 & 6.65860 & 8.14028 & 9.93357 & 12.10031 & 21.64475 & 22 \\ \hline 5.87146 & 7.25787 & 8.95430 & 11.02627 & 13.55235 & 24.89146 & 23 \\ \hline 6.34118 & 7.91108 & 9.84973 & 12.23916 & 15.17863 & 28.62518 & 24 \\ \hline 6.84847 & 8.62308 & 10.83471 & 13.58546 & 17.00000 & 32.91895 & 25 \\ \hline 7.39635 & 9.39916 & 11.91818 & 15.07986 & 19.04007 & 37.85680 & 26 \\ \hline 7.98806 & 10.24508 & 13.10999 & 16.73865 & 21.32488 & 43.53532 & 27 \\ \hline 8.62711 & 11.16714 & 14.42099 & 18.57990 & 23.88387 & 50.06561 & 28 \\ \hline 9.31727 & 12.17218 & 15.86309 & 20.62369 & 26.74993 & 57.57545 & 29 \\ \hline 10.06266 & 13.26768 & 17.44940 & 22.89230 & 29.95992 & 66.21177 & 30 \\ \hline 10.86767 & 14.46177 & 19.19434 & 25.41045 & 33.55511 & 76.14354 & 31 \\ \hline 11.73708 & 15.76333 & 21.11378 & 28.20560 & 37.58173 & 87.56507 & 32 \\ \hline 12.67605 & 17.18203 & 23.22515 & 31.30821 & 42.09153 & 100.69983 & 33 \\ \hline 13.69013 & 18.72841 & 25.54767 & 34.75212 & 47.14252 & 115.80480 & 34 \\ \hline 14.78534 & 20.41397 & 28.10244 & 38.57485 & 52.79962 & 133.17552 & 35 \\ \hline 15.96817 & 22.25123 & 30.91268 & 42.81808 & 59.13557 & 153.15185 & 36 \\ \hline 17.24563 & 24.25384 & 34.00395 & 47.52807 & 66.23184 & 176.12463 & 37 \\ \hline 18.62528 & 26.43668 & 37.40434 & 52.75616 & 74.17966 & 202.54332 & 38 \\ \hline 20.11530 & 28.81598 & 41.14479 & 58.55934 & 83.08122 & 232.92482 & 39 \\ \hline 21.72452 & 31.40942 & 45.25926 & 65.00087 & 93.05097 & 267.86355 & 40 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory

Authors: Craig Deegan

2nd Edition

0077126734, 978-0077126735

More Books

Students also viewed these Accounting questions