Mary Cooper, Sheldons mother, who lives in east Texas, wants to help pay for her grandchilds education. How long will it take Mary to reach her goal of $295,000 if she invests $10,000 per year, earning 6 percent? Use Appendix A-3 or the Garman/Forgue companion website. Round your answer to the nearest half-year.
Appendix A-3 Future Value of a Series of Equal Amounts (an Annuity of 51 Paid at the end of each Period) (Used to compute the compounded Future Value of a Stream of Income Payments) %9 16% 10000 1 2 1% 10300 2010 10301 0504 5.1000 6.1520 12% 10000 2.1200 3314 4.733 63528 15% 10000 2.1500 1.4725 13% 10000 2.1300 3.4069 4.513 6.4303 21600 2% 10000 20200 30104 41216 5.2040 63081 74343 11% 10000 2150 1301 4.7097 6.2275 7.9129 97833 19% 1.000 2.1900 361 3 4 17% 10000 2.1700 3.5389 5.1405 7.0144 14% 10000 2.400 1:09 49211 6,6101 8.5355 10.7305 13.230 18% 10000 2.1800 3574 52154 7.1542 9440 20% 10030 22000 36100 5.3690 7445 30% 50645 6.8721 5.2913 72366 5 6.7434 5 8.1152 8.3227 B.753 8.9775 9.2068 96830 7 72135 0.0830 14042 114120 12.1415 15227 12.9159 11.0668 13.7258 8 118594 12.7573 14.2401 153270 12.2997 14.7757 15.9020 19.9234 9 141640 15.4157 167858 19.0859 175185 2215 10 82857 8.5630 93585 9.7546 194522 39.9497 115668 12.1687 126825 13.4121 16.0853 19.3373 230445 27.2707 20 2011 243499 11.7720 14.7733 18.2847 22901 27.1999 32.829 39.4010 235213 287551 349311 20.7983 25.9982 32.1504 12 39 5805 13 146503 32.0 29.0017 34.3512 40.5043 42-2187 375011 508180 59 1959 47.5801 14 14947415.9739 15 160969 172934 16 17.2579 1633 17 18.4304200121 18 1967 214123 3% 4% 5% 7% 8% 9% 10% 10000 10000 10000 1.3000 10000 10000 10000 10000 20300 20400 2.0500 2.0600 2.9700 2.0800 2.0900 2.1000 309 1.1216 3,1525 3.136 3.210 3.2864 1.2781 33100 41806 42455 13001 3146 4.4399 5061 15731 46410 53091 54153 5.5256 5.8371 5.7507 5.8666 E.1051 6.6330 68019 6.9753 7.1533 7.335 7.5233 2.7196 76625 78983 8.1420 8.3938 8.6540 8.9228 9.2004 9.872 8.8923 92142 9591 9.8975 10.2598 10.6365 11.025 11.435 19.1591 505928 110366 11.4913 11.9783 12.4975 13.0210 13.5795 11.4639 12.0061 12.5729 3.1808 38154 14 15.12 15.9374 12.807B 334864 12065 149716 15.7836 16.5455 37.9603 18.5312 1.1920 150258 159171 15.8699 175335 18.9771 20.5407 21.390 156178 166268 177130 1 20.1006 21.4953 22.9534 24.5222 170963 182919 19.5986 210151 22.9505 24.2140 26.0190 27.9790 18.5999 20.0236 21.5786 232760 25.1 290 27.1521 29.600 317725 20.1969 218245 236575 55725 278881 30.34) 33.0034 35948 217616 235975 25804 28209 30402 33.7502 36.9737 10.5401 256454 28.1324 09053 33970 17.4503 41.30 455912 25.1359 27.6712 30,5390 33.7800 37.3790 41.4463 460185 51.1591 268204 2781 39.0660 7856 $0.99 45.7530 51.601 57.2750 285/65 31903 35.7193 39.9927 44.8652 50.4229 56.7545 64.00.25 30.558 34230 38.9052 43.23 2005 55.4568 62.8733 71.407 324529 36.6179 41.4305 6.995 53.4361 600011 69.5319 78.5430 344365 290826 445030 408156 581707 56.766 76.789 BRO 41.6459 471271 51.8645 09.2000 73.6059 842000 96471 385530 51.1035 9.1564 68 555 733544 93.240 10.1818 7096 47082 S16091 63.2058 08 87.1506 13.7231 121.0999 42.9300 23.976 1026 685281 80.6027 5.338 1126 1340 15 52.63 62.3227 736198 87.365 01.059 174 USA 148.6109 475754 50149564390582 4.4608 113.2832 363075 164.000 73.4013 50255 1207998 1947620 199.4351 289.055 327 328 462.935 112.791525671 2000 2903359406.5789 573.7701 8150134 1462.905 24089 30 4035 37.1802 15.2445 54009 66.2607 M8502 60217 115.265 257329 30.B502 367852 43.5720 5165 60:32:50 716730 BL1402 986032 1153 50.9804 58.1076 6841 47.1027 56. 1101 66.648 78.991 93.4056 1102846 13000 557175 65.0751 75.8064 7290 87.0580 101.7403 123.4135 146.6280 72.0351 R7401 1059305 121167 154.7890 1866880 225.00% 2710202 7 9690 SR2118 91.0340 167220 17.5AT 18:49 195614 206545 218143 227132 241111 25.5503 26213 28.01 299847 30.0949 323126 348827 34.4054 372717 30.4195 18 427533 66717 445008 488837 537331 Sao 557407 61.7251 56.9395 63,437 61.2003 72.0504 20.458 72 2651 83697 2.4699 81210 25006 105 4510 1.1423 1046009 120.2048 1881552 1388315 11440 103339 1556796 122.968 150 17.8901 141076 199 3740 2003-06 1528123 1999 2273419 1703972 24527 2985334 1010208 3413327 2012 5818260 7820914 101.704 16721 2000036 3458507 138.1564 1654580 1978474 14.7584 134 405 254354 19208909228406 20 22000 2294 21 222 25.7833 22244716 27290 23 257) 218450 24 25.9735 24219 25 28202 120303 235256 336299 27 1982091343 32.1291 370512 334504 1722 102.4436 1188101 1374316 159.2764 184.168 212.90 45.710 28158 327.6041 157.1385 180 1721 2118013 248807 120.4360 138.2930 15656 1812208 2083337 294991 157 4150 183.6014 21255 20160 290083 237.50.34 3925021 4560 5303111 20.757 1049566 292.100 341.7626 4020323 471.3778 5925130 6474 3134522 1740210 2063448 244.4868 2014945 342.105 4052721 4792211 566450 64 790909 118212 2181300 282.3513 3370505 1024 4794305 5715221 6811116 $115228 67121 552389 326 2358 3030 671 811 5673773 681527 8192233 377. 434 M51 30 34784951 20438964604020 50 644532 574 312.0937 156.053 12.025 49.522 510610 1181182 7454 45697.11 1779000 7217,714 1508250 3158533
