• Mary wants to buy a new set of golf clubs in two years. They will cost $775. How much money should she invest today at 9%, compounded annually, so she will have enough money to buy the new golf clubs?

TABLE 12.1 Future value of $l at compound interest 10% 1.0600 1.0900 L.1000 1.2100 1.1236 1.1910 1.2625 1.3382 1.1 BI 1.2950 1.4116 1.4641 1.6105 1.4185 1.7716 1.5036 1.9487 2.1436 1.5938 Period 3%, 1. 1.0100 1.0150 1.0200 10300 1.0400 2. 1,0201 1.0302 10404 10609 1.0016 3 1.0303 1.0457 1.0612 1.0927 1.1249 10406 1.0614 1.0824 1.1255 1.1699 10510 1.0773 1.1041 1.1593 1.2167 1.0615 1.0934 1.1262 1.1941 1.2653 7 1.0721 1.1098 1.1497 1.2299 1.3159 E 1.0829 1.1265 1.1717 1.2668 1.3686 1.0937 L.1434 1.1951 1.3048 1.4233 10 1.1016 1.1605 12190 1.3439 1.4802 11 1.1157 11780 12434 1.3842 1.5395 12 1.1268 1.1960 1.2682 1.4250 1.6010 13 1.1381 1.2135 12936 1.4685 16651 14 1.1495 1.2318 1.3195 1.5126 1.7317 15 1.1610 1.2502 1.3459 1.5580 1.8009 16 1.1726 1.2690 1.3729 1.6047 1.8730 17 1.1843 1.2890 1.4002 1.6528 1.9479 IB 1.1961 1.3073 1.4282 1.7024 2.0258 19 1.2001 1.3270 1.4568 1.7535 2. 1058 20 1.2202 1.3469 1.4859 1.8061 2.1911 21 1.2324 1.367 15157 1.8603 2.2738 22 1.2447 1.3876 1.5460 1.9161 2.3699 23 1.2572 1.4084 1.5769 1.9736 2.4647 24 1.2697 14295 1.5084 20328 25633 25 1.2824 1.4510 1.6406 2.0938 2.6656 26 1.2953 1.4727 1.6734 2.1566 2.7725 27 1.3082 1.4918 1.7069 2.2213 28834 28 1.3213 1.5172 1.7410 2 2879 2.9987 29 1.3345 1.5400 1.7758 2.3566 3.187 30 1.3478 1.5631 1.8114 2.4273 3.2434 Note: For more decalled cables, set your reference booklet the stress Mach Marlock 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 14071 14775 1.5513 16289 17103 1.7959 18856 1.9799 2.0789 2. 1829 2 2920 2.1066 2.5270 2.6533 2.7860 2.9253 3.0715 3.2251 3.3864 3.5557 3.7335 3.9201 4.1 161 1.6895 1.790 1.8983 2.0122 2.1329 2.2609 2.3966 2.5404 2.6928 28513 3.0256 3.2071 3.3996 3.5035 3.8197 4.0189 4.2919 4.5494 4.8223 5.1117 5.4184 5.7435 1.0700 1.1449 1.2250 1.3108 1.4026 1.5007 1.6058 1.7182 1.8385 1.9672 2.1049 2.2522 2.4098 2.5785 2.7590 2.9522 3.1588 3.3799 3.6165 3.8697 4.1406 4.4301 4.7405 5.0724 5.4274 5.B074 6.2139 6.6468 7.1143 7.6123 8% 1.0000 1.1664 1.2597 1.3605 1.4693 1.5869 1.7138 1.8509 1.9990 2.1589 2.3316 2.5162 2.7196 2.9372 3.1722 3.4259 3.7000 3.9960 43157 46610 50338 5.4365 5.8715 6.3412 6.8485 7.3964 7.9881 8.6271 9.3173 10.0627 1.5386 1.6771 I 8280 1.9926 2 1719 23674 2.5804 28127 3.0658 3.3417 3.6425 3.9703 4.3276 47171 5.1417 56041 23579 2.5937 28531 3.1384 3.4523 3.7975 1.1772 4.5950 5.0545 5.5599 6.1159 6.7275 7.4002 B.1403 8.9543 9.8497 108347 11.9182 13.1100 14.4210 15.8631 17.4494 6.1088 6.6586 72579 79111 8.6231 9.3992 102451 11.1672 12.1722 13.2677 4.3219