Over the past several years, Natalia Howard has been able to save regularly. As a result, she has $58,383 in savings and investments today. She wants to establish her own business in 4 years and feels she will need $100,000 to do so. Use the following table to answer the questions, a. If she can earn on her money, how much will her $58,388 in savings/investments be worth in 4 years? Hound the answer to the narest cent. Round FV-factor to three decimal places Calculate your answer based on the PV-factor $ Calculate your answer based on the financial calculator $ Will Natalle have the $100,000 she needs? Select If not, how much more money will she need? Enter" if she will have the $100,000 she needs. Round the answer to the nearest cent. Round FV.factor to three decimal places Calculate your answer based on the FV.factor 5 Calculate your answer based on the financial calculator 5 b. Given your answer to part a, how much will Natalie have to save each year over the next 4 years to accumulate the additional money Assume that she can cam interest at a rate of 5%. Round the answer to the nearest cent. Round FVA-Factor to three decimal places Calculate your answer based on the IVA factor 799 3:29 PM 00 PECHE ir noc, now much more money will she near their she will neve ne vo sne needs Kound the answer to the nearesc ceng Hong vractor to three oecima places Calculate your answer based on the FV-factor $ Calculate your answer based on the financial calculator $ b. Given your answer to part a, how much will Natalie have to save each year over the next 4 years to accumulate the additional money Assume that she can earn interest at a rate of 5%. Round the answer to the nearest cent. Round PVA-factor to three decimal places Calculate your answer based on the FVA-factor $ Calculate your answer based on the financial calculator $ ci Natalie can afford to save only $4,000 a year, then given your answer to part a, wil she have the $100,000 she needs to start her own business in 4 years Table of Future Value Factors Instructions: To use this table, find the future value factor that corresponds to both a given time period tyear and an interest rate. For emple, if you want the future value factor for 6 years and 10%, move across from year 6 and down from 10% to the point at which the row and column intersect:1.772. Other illustrations: for 3 years and 15%, the proper future value factor is 1.521; for 30 years and B%, it is 10.063 Period M os Ne UN Wor 1.010 16:30 000 1.090 250 ME OPE OOC! OLET CE 2 110 1277 % 1010 1000 10 1.100 1.125 126 1216 w OCE CE O' WEI OLE CE O' CE L150 1416 1.200 1.450 1300 1.000 PIE 1000 1.000 1041 101 1.000 : 1.020 1.040 1. 1.022 1104 E 122 INTEREST RATE 10 115 100 1000 1.100 1130 1.100 1210 1.254 1200 1295 13 141 1.518 1574 16 100 1.22 1992 10mm 1324 1.214 1000 1 2.0 ICE DAD CODE 1.6 1.350 2.157 140 140 1.136 OI Cri BE BICI ORCE 10 ORCE ID 20N 14 TE 5 IE CE ICCI GIVE VOS 1.81 2.100 LIE COV 10 WE 30 CLE 1.06 10 1672 NEU ORCE D 1.12 AM WE Vos OE CICE ODCE Ort SIVE 1,149 DICI Sort WE 1.000 ICE SCE 2.1 2.000 1000 WIE MEC 6375 VOI 140 1472 1.550 1051 COSI 2.6 RET I OCE UNI SOCE 1168 CE OCI CEYI CU BI 2470 2.773 CE SOY 401 75 VE 1.00 2001 4100 6.100 7450 LIE LICE 2 200 BE SOT SEE OCE 10.000 12 10 1106 1219 M WICE HOWE CE KIT 1.790 2.1 OP BY: SI CLES 1.620 1.710 LP BOL BOVE ce BE CHCI 2104 21100 7430 BE WE DEL CEC OCCE 1.127 1406 2012 2011 Ort SOBE KET 2009 190 12 13 CE PEE DICI 1.601 1666 DET Or INTE OIVE BE 0 153 11.30 HO 1810 003 GOVE KI TIE 2.730 . 1000 WE CE 14 11 730 TE LE E OLC LE 101 7 OTTI NEC 6.30 7.13 0.0011010 10.633 11 CE CU 4122 WT 6.414 LOS LYR 15 16 wr 5535 8.254 7003 L101 1.17 W! CE 101 CEI 2.00 2.100 1.B 2.540 CHE DE RE WE 11 DI 13 16.12 1.104 VOS wa POS 12 10 19 1400 1400 1457 2292 2401 110 O VE ONCE 4712 &6 5.511 112.456 WC VIET 7.000 2013 2000 3.00 10.102 1163 22.01 2720 1200 2.522 SCO 6316 6717 WE DI CE SIC 7.100 2.191 SITE 320 1001 170 16 M2 10.5 173 1 16.09.07 116.777.21.314 16 19.461 231002730 1580 1781 21.046 26.0 21.09 10 90 CUEI OCCI WE OCE 15000 1.000 100 OBE MY CE 1.516 NEE 2.00 7400 60 13001 TECE LETTE 10 OR 5.00 6.100 . 2.210 6.30 50 WI C OOT 14 1014 0161 TOL 2.370 2.405 COS 31 ISTI 1.353 PLE 020 100 GESEL et CLOC SE CE KI CE CHE GO RRRRRR 1.000 1.641 2006 096 2. 2.157 LOVE TO CITI IS WIE W 300 S300 E MOLT CON INC BIZ INC BOLES Y ESE SOU Eitt OV ICERE GOTOVO DICE COX RECE GELOZIE CCC SEHR ti to BOLLE OSC00099 SES ET OCH DOC 1633 2. 1300 IEE 2010 be CELE DEC 1321 IPCI 666 5.11 5077 05.032 211.75 SO 5.02 10.013 17.000 7250 36.000 206641 5.80 3 18.00 017330 6214 100 O 1.167 101 MO 31200 50.00 63.00 21.134 1020 130411 1644 317 3,172 15.03 2004 217 160 37,57 74002 121.501 1 10 10.07120414 26 1005 300.00 2.46.100.00 03.051 132 2018.01.276 37721 750301.00 1,49 7.63 164 165 LOCE CI CETET DIT COS HOT SCE RECE t.co E CE LE 1306 7 4110 SIE DET CE 1412 2.000 2014 WO TECH DCS ONS GI OCH TIL LOWO OBOWS 10 ISS LE CODE ICON ICON EL CON 100 SIE TO DO 1400 CE SODY Table of Future Value Annuity Factors Instructions: To use this tablo, find the future value of annuity factor that corresponds to both a given time period year) and an interest rate. For example, if you want the future value of annuity factor for 6 years and 10%, move across from year 6 and down from 10% to the point at which the row and column intersect 7.716. Other illustrations for 3 years and 15%, the proper future value of annuity factor is 3.473; for 30 years and 6%, it is 79.058. INTEREST RATE 11 12 % % 13 1 Period 1 3% 94 10% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2019 2020 2030 2.010 2.000 DO 2070 2000 2000 2.100 2.110 2130 1.000 1.000 1.000 1000 Wor 0001 OSCE 1.000 2.180 1000 2.150 2.100 2.300 OT GTC LY OVE 200 3.640 6.900 40 CGT 9009 4000 413 414 4 5.101 5.204 300 5.416 5.5.20 5.697 5.751 507 6105 OOOTI OCEE It REC DE CE RECE SITE MIT EIT DOE cort OTE 119 ANY OF O SE DICT SET 1 100 CICO Or OLD SI EL RESERVER 2009 OK TECH TO DOC C C D E TOE MEE Sorot OCCO BOCKOWIE I SILLOI OOCOS NEGO U S TELES 5 CS LO 740 9.900 3.00 12.15 0.54 11.250 2.572 5.141 5215 5.296 2014 7.154 7.297 9.301 11414 11.772 1210 100 m 15.327 15.00 17519 1035 19.00 1933 2132122350 2351 34700 11 1750 129 164 . 13.727 10.00 15.073 1010 2. 23.75 20.792 2018 2010 10 11 3.30 2.755 10.15 10:30 11.607 1141 11.97 12.00 13001 1279 14104 14.770 154 MO 10 MO 10.50 11641205 12.520 13.901 19016 1447 15.100 15.007 16.722 17.549 18.4301933 11.567 12 100 12.00 13.400 142071472 15.754 16.645 17.500 10001 10.01 30.01 210 2016 12800 12.412 14192 15.00 15.917 16.20 17200 18:377 20141 34 22.718 24.123 20 2729 19.30 14.00 15.018 16.07 17.713 18.0 20.141 21.49522063 2423 262122029 29620 14.307 1.74 17.000 10-20 10.5 21.015 225/50 2015 20.019 27025 3000 3300 2.150 3. SO LEN EL 0.00 97.00 13710 14 15 47.100 10110 od 10 22 17 71.00 2879 702210591 141.106 1074 115.27 117 123411.17 110 21 25.01 3700 18 218045 27 212 POC DE CHE POVOCE ELSE D 100 PODC QE TE COCHE PODEC MOSO LSCE MC SOSO ID IT DO O SOFT ICE 1 LE BIENESTE OB CELL 2009 9900 CHCO O CODE FOCOCCUS 2 SOTIT SOCIAL DOS EN SHOP DYCHEL SOLI YOYO NO ORO CISOS BOTE NI TID OCY S400 SC HOW COS SOCIOWE FOC BINTIYE ZIVI 519 05 DYDIS 810 OP EE DESDE ELE USCITE HUB BCOLE COD CE Flot S W2WE WZBOG BLOTE w I CHOOSII O 16000 WOC BOSCE LO II II ON OU OVO NEW BRIC WIKOSEEEE SLEDO ICOLE RECOLLISIH I Y CONCOV CABOS DO SLOVO LE LL ORCE cort 100 WE I OCI CO TO WORK WEES LES POLO DETE O SE BO I WIL OLDINI OSTOST OBC CYD GES COTTI ICE BY CO DC SO Gt cet I I II IOT BOLLYWOOD COLCE 70T ILLE E SORCEME COOKIES DIENESIS ICY WEES HOW IN LACE O POSESOR E DE NEGOCIOS WOLY MOHOL S LOG NETIST VENE REI DE MOLLELLI E OLIVE 10 SE SE FOUYIZ VE II BALE SENIOWI BISERICIO O 300 OSCE WHERE'S SOY CRITING OCH ZE INWENCI O WIDOWIE VOLLICERIK WEL WOD PO 101 ROSRXES 20 OK 06.025.401.00 120.01.2012 2011 1.0137001300 1700073741342346013.09.20122.00 Table of Present Value Factors Instructions: To use this table, find the present value factor that corresponds to both a given time period (year) and an interest rate. For example, if you want the present value factor for 25 years and 7%, move across from year 25 and down from 7% to the point at which the row and column intersect: 184. Other illustrations: for 3 years and 15%, the proper present value factor is 658; for 30 years and 8%, it is 099 INTEREST RATE 10% 11% 0990 0.00 0.971 0. 0.962 0.90 0.00 0.00 0.917 0.901 0.001 0.0 0.0 0 0.00 0.00 Period NE HI ML wo 2 3 4 5 YO OSCO 7 . 10 11 13 13 14 15 16 1% 25 2 5% EX 75 12% 13 10 1 25% os 06 Q 0.610 0.00 0.00 0.980 0801 0.00035 0907 0.00 0.875 0.857 0.002 0.86 0.812 0.757 0.783 0.709 0.750 0.731 0.710 0.706 0.00 0.640 0.502 0.371 090 0.01 0.00 0.00 0.0100.810 0.794 0.772 0.75 0.731 0712 000 0.675 0.660 0.64 0.64 0.00 0.500 0.579 0512 0.455 0.961 0.04 0.008 0.65 0.003 0.792 0.700.795 0.700 0.00 0.00 0.003 0.02 0.572 0.552 0634 0.50 0.400 0.4 0.410 00 0.151 300 00 00 0.74 0.17 0.71 0.01 0.650 0001 0.00 0.07 0.53 0519 0.407 0.470 04 0418 0.40 000.00 00 0.00 0.07 0.750 0.746 0705 0.666 0.00 0.556 0564 005 007 0.480 0.056 0.03 0.410 0.370 035203550.300.307 0.33 0.01 0813 0.200 0,711 0005 0.623 06547 0.613 0.400.452 0405 0.400 0.376 034 0.30 0514 0.00 0.329 0.100.150 0.33 0.853 0.20 0.71 0.677 0.02 0.000 0.540 0.467 0.44 0401 0.376 0361 0.27 0.305 0.25 0.00 0.24 0.23 0.16 0.123 0.14 0.007 0.00 0.703 0.645 0.502 0.541 0.500 0.40 0.44 0.31 0.01 0.33 0308 0.24 0.20 020 0.225 000 0.19 004 0.004 0.305 DO 0744 0.670 0.614056 0.500 0.403 04 03 02 0322 0.295 0.270 0347 0.227 0.208 0:16 217000 1070073 0.00 0.01 0m 0:6500 0:475 0.09 0.300.3600317 0.20 0.20 0237 626 0.15 0.120 010 0140 0.125 0.000 0.00 0.7 0.701 0.025 0.062 0.402 0.444 0.397 0.3 0.310 0:20 0.25% 0231 0.000121 0.153 0139 0.1340.112 0009 0.013 0.700.773 0.001 0.001 0530 0.400 0.415 00:30 0.20 0.250 0.299 0.204 102 0100 0.16 0.10 0.116 010100016 0.003 0.870 0.7 0.001 0.577 OSOS 0.400.00 0340 0.20 0.20 0.22 0.205 0.161 100 101 0.125 111 0.000 0.00 0.00 0.00 0.005 0.00 670 0.00 0.655 0.41 04170300515 0.250.300.30 0100 0.160 Q.140 0.10 0.00 0.00 0.074 DS00060000 0853 0.70 0.003 050.400 0.3 0.330 0.0 0.0 0.0 0.100.10 0.141 012301070.000 0.001 0.071 0.00 0.01 0.028 0.015 0.84 0.714 0.005 0.513 0.01 0.371 0311 0.770 0.2210100 010 0.14 0.125 0100 0.00 0.00 0.000 0.00 0.05.2008 0073 0012 01 0.00 097 0.44 0.410 0.3500 O 0212 6180 0159 0.130 0.111 0.000 0.00 0.051 0.00 0.00 0.08 0.000 0.8290.00 0.520 0:47503 6.332 0.14 0164 01 01100.000 0.00 0.00 0.000 0.051 000 0.007 0.001 0.014 0.007 0.020 067 064437 0.313 0.250 0.16 0.170 0.14 0.14 0.101 007 0.07.01 0.051 000 DOW 0.031 0.00 0.012 0.005 0011 0.00 0.00 0.00 0.00 0.24 0.24 0.1900164 0135010000 0001 0004 0.003 0044 0.0000032 0 000 000 0.00060702 04 0.0 0.0 0.0 0.101 0.150 0.133 6101 0.003 OD 00560.000 00 0.020 0.002 00 0.00 0.003 0.7 0.64 0.2 0.406 0300 0.00021170 0.10.112 0.001 0.000 001 000 000 0027 00 0.018001 0.00 0.00 0.7 0.002 0.400 0.30 0310 0.47 0.17 0.16 0.126 (10) 003 0.003 0.01 0.005 0.00 000010 0016 0.00 0.00 0.00 01100005 070146 0110 0000 0000 0017 000000000034 000 001 0.013 0010 0004 0.001 0.00 0.4 0.301 0201 0.220 0.11 0.135 100 000 0000 0.00000 0.003 0020 0.017 001 0011 0.000 0.003 0.001 0.76 0.0 0.40 0.367 0.00 0.30) 0.161 0.125 0.000 000 000 000 00000000000014 0011 00000002 0.002 0.001 097 0.0040070330 0.16 0.16 0.150 0.100.000 O 051 000 0.000 0.00 0.0000016 0013 0010 0000 0000 0.000000 0.74 0.0403100 015 0.14 0.101 00 0001 0.00 0.009 0.0320012 0.014 0.011 0.00 0.00 0.00 0231 0.114 070004120300 0.00 00 0.067 0.044 0.003 0020 0.00 0.015 0012 0.00) 0.000 0005 004 0.001 0.10 00 0.000 0 000 00 00 00 0010 0.000000 000 0.7000.000 0.250 0.101 0.000 2002 067 0.43 0.30 0.20 0.142 0.007 DO 0.00 0.002 0011 000 000 0004 0.000 0.00 0001 CE 10 10 0 20 21 23 0034 Wide 24 20 23 20 30 36 1000 1000 0.005 40 Table of Present Value Annuity Factors Instructions: To use this table, find the present value of annuity factor that corresponds to both a given time period (year and an interest rate. For exam- ple, if you want the present value of annuity factor for 30 years and 7%, move across from year 30 and down from 7% to the point at which the row and column intersect: 12 409. Other illustrations: for 3 years and 15%, the proper present value of annuity factor is 2 283; for 30 years and 8%, it is 11.258 INTEREST RATE Period 15 2% W es 7 W LOC Oro COTO 1 0.000 0.02 1. 0905 1.800 0.826 17 2 1970 1.000 1833 3 2.73 2.341 3.502 2775 2.000 2.024 27 4 2.577 2013 900 2. 5 2.720 2546 42 5070 5.700 4452 5042 2100 26 12 4917 5582 4.00 5.300 2 4202 5.00 391 CATE . 0.002 6.733 7.05 5.147 000 20 GOT 705 6.728 7.682 2560 9.471 10.30 COC 0210 603 9 7.100 6.515 915 UT 6.20 710 10 CB 7.300 1111 8.700 35 7.722 30 15 7002 7004 2,400 7.93 12 TECH 7130 7.830 7.301 11.255 12.134 13.004 CI 9.00 0.03 GB 14 . 44 3307 0509 15 TS 9 9.90 10.50 11.110 11.652 12.100 120 0.00 0.071 1942 1913 2.084 2.899 3.800 2712 4713 4690 5.00 5417 1.402 6.230 706 7.030 100 7.796 530 3.787 253 10.575 113 10.09 12.105 11:29 12.40 11.00 13.50 12.01 14.00 13.166 14.30 13.754 15.670 1434 186351 148 15415 17.00 15.937 18.200 16:44 10.01 16.900 19.52 17413 20121 17.877 2002 1832 2121 10264 21 1910 1000 34.00 21.482 16 10.350 10.00 11.214 11.000 10% 11 125 131 sen 15% 10% 175 10% 10% 0.017 OBOS 0.901 0.00 . 0.873 0.870 0.265 0.017 0.040 175 176 1713 1.000 1.6 1647 100 101 1.50 1500 1547 158141013 2531 2.47 2.444 2003 2001 2.33 2.289 2.346 2.210 2174 2140 2.106 562 1816 2170 2100 2002 2014 2014 26 279 230 2.800 2.00 2.300 2.100 3.000 2791 2005 2017 103 3:32 3.774 219 2127 2068 2001 2002 200 1430055 23 T!! 2.00 300 2200 2.653 2002:10 332026 5.00 4.712 4564 4100 4.00 1706 2005 2101 2.000 5535 500 140 42 434 400 39643007 2.0 2.825 8.90670 5.097 1320 13 4.602 45 04160 4001 2019 0.418 145 5. 5.680 5.430 52100194003 L300 41501571 3.002 6.303 5.00 5.007 5.453 52345.000 4. 47 2856 2147 7.161 2014 0.400 C14 5.910 6.000 5.1979 420 2011 LOS 210 7407 2.109 6.750 644 122 3205342118 4910 3:23 7790 6.900 302 6.000 6.724 5.485.200 5.000 2011 2012 DON 7.000 7.191 6011 610 5.575 24 LOS 2.300 2.31 704 7379 6.604 5.668 406 22 8.092 7540 7.170 6728 0.017 5744 5.242 775 910 2.255 756 201 7.100 7.250 640 6.128 818 5534 2012 3.300 3.960 366 7.30 7.300 6.03 6.550 6190 5877 5310 500 40 20 1311 2.12 3514 7000 7400 7035 6.03 6200 93 5101 43029542316 9.29 . 1.025 7.2 7.102 BO 6312 573.666 5945127 41 2009 3330 9.443 8.7728.1767645 7.170 0 6011 5.000 5410 145 4.50 3.900 3.303 9.50 0.00 7,210 2200 6.12 60 GO 5.40 490533345 0.707 7.24 7.283 6.0 L04 8.073 746 982 3077 7.30 7.70 Gama 6454 G002 5100 3320 2.000 9.101 340 70 6.000 6.401 6118 5.480 5.200 3:30 10.027 0212 . 7.90 2.400 6.05 6.514 8.136529 4,064 3000 30 10.110 0-307 2004 7441 61 6534 5010 5.502 S2 4900 2902 301 10.100 9379 8684 1072 ANO 8561 8.108 5.000 6510 22 475 3000 10274 0 . 1056 AD 7.000 06 5.517 205 47.995 3.300 105964 170 750 2.070 3.617 215 5.50 5.10.26 4900 3300 3.2003 10.757 0.720 0.24 7.106 8542 6233 50 5.548 256 430) 2008 3:03 14718 15.02 16390 17 0067 9.95 1745 9712 100 04 30.477 9.00 10.800 10.050 11.10 10300 11.40 10.500 CE 1908 re ULCE FOTO 10 19 12.00 1240 2018 20 13.154 13500 14.020 14451 21 12220 10.04 10052 10 20456 21.30 17011 11.364 10.2006 12.042 1106 10.017 10.201 CH 12 1037 DICE 34 NE mina 12821 13.10 13 13.700 14.094 14.375 18.00 10 10.529 10.875 16.10 995 16.347 16.622 15. 16330 16.00 16. 2205 12.15 1149 12.70 11854 13.000 13:311 113 13.106 1222 13591 12.270 12052409 14 12.90 10.05 11.050 230 24310 25 11.1 15.141 1532 ID 20 12-29 1 116 1634 39.00 150 SID 13.30 1955 1219 704
