Pete Air wants to buy a used Jeep in 3 years. He estimates the Jeep will cost $16,100. Assume Pete invests $11,100 now at 10% interest compounded semiannually. a. Calculate the maturity value of the investment. (Use the Table 12.1 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Maturity value b. Will Pete have enough money to buy the Jeep at the end of 3 years? O No O Yes Future value interest factor of $1 per period at i% for n periods, FVIF (i,n). 8.0% 8.5% 9.0% 9.5% 10.0% 1.0800 1.0850 1.0900 1.0950 1.1000 1.1664 1.1772 1.1881 1.1990 1.2100 1.25.97 1.2773 1.2950 1.3129 2 1.0151 1.0303 1.0202 1.0406 1.0304 1.0615 1.0355 1.0721 1.0407 1.0829 1.0459 1.0937 1.1434 1.0564 1.1157 1.1779 1.2434 1.1956 1.2682 1.0617 1.1268 1.0670 1.1381 1.0831 1.1726 1.2690 1.0939 1.1961 7.4002 Period 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 1 1.0050 1.0100 1.0150 1.0200 1.0250 1.0300 1.0350 1.0400 1.0450 1.0500 1.0550 1.0600 1.0650 1.0700 1.0750 1.0100 1.0201 1.0302 1.0404 1.0506 1.0609 1.0712 1.0816 1.0920 1.1025 1.1130 1.1236 1.1342 1.1449 1.1556 1.0457 1.0612 1.0769 1.0927 1.1087 1.1249 1.1412 1.1576 1.1742 1.1910 1.2079 1.2250 1.2423 1.3310 1.0614 1.0824 1.1038 1.1255 1.1475 1.1699 1.1925 1.2155 1.2388. 1.2625 1.2865 1.3108 1.3355 1.3605 1.3859 1.4116 1.4377 1.4641 1.0253 1.0510 1.0773 1.1041 1.1314 1.1593 1.1877 1.2167 12462 1.2763 1.3070 1.3382 1.3701 1.4026 1.4356 1.4693 1.5037 1.5386 1.5742 1.6105 1.0934 1.1262 1.1597 1.1941 1.2293 1.2653 1.3023 1.3401 1.3788 1.4185 1.4591 1.5007 1.5433 1.5869 1.6315 1.6771 1.7238 1.7716 1.1098 1.1487 1.1887 1.2299 1.2723 1.3159 13609 1.4071 1.4547 1.5036 1.5540 1.6058 1.6590 1.7138 1.7701 1.8280 1.8876 1.9487 1.1265 1.1717 1.2184 12668 1.3168 1.3686 1.4221 1.4775 1.5347 1.5938 1.6550 1.7182 1.7835 1.85.09 1.9206 1.9926 2.0669 2.1436 1.1951 12489 1.3048 1.3629 1.4233 1.4861 1.5513 1.6191 1.6895 1.7626 1.8385 1.9172 1.9990 2.0839 2.1719 2.2632 2.3579 1.0511 1.1046 1.1605 1.2190 12801 1.3439 1.4106 1.4802 15530 1.6289 1.7081 1.7908 1.8771 1.9672 2.0610 2.1589 2.2610 2.3674 2.4782 2.5937 13121 1.3842 1.4600 1.5395 1.6229 1.7103 1.8021 1.8983 1.9992 2.1049 2.2156 2.3316 2.4532 2.5804 2.7137 2.8531 13449 1.4258 1.5111 1.6010 1.6959 1.7959 1.9012 2.0122 2.1291 2.2522 2.3818 2.5182 2.6617 2.8127 2.9715 3.1384 1.2136 1.2936 1.3785 1.4685 1.5640 1.6651 1.7722 1.8856 2.0058 2.1329 2.2675 2.4098 2.5604 2.7196 2.8879 3.0658 3.2537 3.4523 1.0723 1.1495 1.2318 1.3195 1.4130 1.5126 1.6187 1.7317 1.8519 1.9799 2.1161 2.2609 2.4149 2.5785 2.7524 2.9372 3.1334 3.3417 3.5629 3.7975 1,0777 1.1610 1.2502 1.3459 1.4483 1.5580 1.6753 1.8009 1.9353 2.0789 2.2325 2.3966 2.5718 2.7590 2.9589 3.1T22 3.3997 3.6425 3.9013 4.1772 1.3728 1.4845 1.6047 1.7340 1.8730 2.0224 2.1829 2.3553 2.5404 2.7390 2.9522 3.1808 3.42:59 3.6887 3.9703 4.2719 4.5950 1.0885 1.1843 1.2880 1.4002 15216 1.6528 1.7947 1.9479 2.1134 2.2920 2.4848 2.6928 2.9170 3.1588 3.4194 3.7000 4.0023 4.3276 4.6778 5.0545 1.3073 1.4282 1.5597 1.7024 1.8575 2.0258 2.2085 2.4066 2.6215 2.8543 3.1067 3.3799 3.6758 3.9960 4.3425 4.7171 5.1222 5.5599 1.0994 1.2081 1.3270 1.4568 15987 1.7535 1.9225 2.1068 2.3079 2.5270 2.7656 3.0256 3.3086 3.6165 3.9515 4.3157 4.7116 5.1417 5.6088 6.1159 1.1049 1.2202 1.3469 1.4859 1.6386 1.8061 1.9898 2.1911 2.4117 2.6533 2.9178 3.2071 3.5236 3.8697 4.2479 4.6610 5.1120 5.6044 6.1416 6.7275 1.1104 1.2324 1.3671 1.5157 1.6796 1.8603 2.0594 2.2788 2.5202 2.7860 3.0782 3.3996 3.7527 4.1406 4.5664 5.03:38 5.5466 6.1088 6.7251 1.1160 1.2447 1.3876 1.5460 1.7216 1.9161 2.1315 2.3699 2.6337 2.9253 3.2475 3.6035 3.9966 4.4304 4.9089 5.43.65 6.0180 6.6586 7.3639 8.1403 1.1216 1.2572 1.4084 1.5769 1.7646 1.9736 2.2061 2.4647 2.7522 3.0715 3.4262 3.8197 4.2564 4.7405 5.2771 5.8715 6.5296 7.2579 8.0635 8.9543 1.1272 1.2697 1.4295 1.6084 1.8087 2.0328 2.2833 2.5633 2.8760 3.2251 3.6146 4.0489 4.5331 5,0724 5.6729 6.3412 7.0846 7.9111 8.8296 9.8497 1.1328 1.2824 1.4509 1.6406 1.8539 2:0938 2.3632 2.6658 3.0054 3.3864 3.8134 4.2919 4.8277 5.4274 6.0983 6.8485 7.6868 8.6231 9.6684 10.8347 1.1385 1.2953 1.4727 1.6734 1.9003 2.1566 2.4460 2.4460 2.7725 3.1407 3.5557 4.0231 4.5494 5.1415 5.8074 6.5557 7.3964 8.3401 9.3992 10.5869 11.9182 1.1442 1.3082 1.4948 1.7069 1.9478 2.2213 2.5316 2.8834 3.2820 3.7335 4.2444 4.8223 5.4757 6.2139 7.0474 7.9881 9.0490 10.2451 11.5926 13.1100 1.1499 1.3213 1.5172 1.7410 1.9965 2.2879 2.6202 2.9987 3.4297 3.9201 4.4778 5.1117 5.8316 6.6488 7.5759 8.6271 9.8182 11.1671 12.6939 14.4210 1.1556 1.3345 1.5400 1.7758 2.0464 2.3566 2.7119 3.1187 3.5840 4.1161 4.7241 5.4184 6.2107 7.1143 8.1441 9.3173 10.6528 12.1722 13.8998 15.8631 1.1614 1.3478 1.5631 1.8114 2.0976 2.4273 2.8068 3.2434 3.7453 4.3219 4.9840 5.7435 6.6144 7.6123 8.7550 10.06A-27 11.5583 13.2677 15.2203 1.1672 1.3613 1.5865 1.8476 2.1500 2.5001 2.9050 3.3731 3.9139 4.5380 5.2581 6.0881 7.0443 8.1451 9.4116 10.8677 12.5407 14.4618 16.6662 19.1943 1.1730 1.3749 1.6103 1.8845 2.2038 2.5751 3.0067 3.5081 4.0900 4.7649 5.5473 6.4534 7.5022 8.7153 10.1174 11.7371 13.6067 15.7633 18.2495 21.1138 1.1789) 1.3887 1.6345 1.9222 2.2589 2.6523 3.1119 3.6484 4.2740 5.0032 5.8524 6.8406 7.9898 9.3253 10.8763 12.6T60 14.7632 17.1820 19.9832 23.2252 1.1848 1.4026 1.6590 1.9607 2.3153 2.7319 3.2209 3.7943 4.4664 5.2533 6.1742 7.2510 8.5092 9.9781 11.6920 13.6901 16.0181 18.7284 21.8816 25-5477 1.1907 1.4166 1.6839 1.9999 2.3732 2.8139 3.3336 3.9461 4.6673 5.5160 6.5138 7.6861 9.0623 10.6766 12.5689 14.7853 17.3796 20.4140 23.9604 28.1024 1.1967 1.4308 1.7091 2.0399 2.4325 2.8983 3.4503 4.1039 4.8774 5.7918 6.8721 8.1473 9.6513 11.4239 13.5115 15.9682 18.8569 22.2512 26.2366 30.9127 1.2027 1.4451 1.7348 2.0807 2.4933 2.9852 3.5710 4.2681 5.0969 6.0814 7.2501 8.6361 10.2786 12.2236 14.5249 17.2456 20.4597 24.2538 28.7291 34.0039 38 1.2087 1.4595 1.7608 2.1223 25557 3.0748 3.6960 4.4388 5.3262 6.3855 7.6488 9.1543 10.9467 13.0793 15.6143 18.62'53 22.1988 26.4367 31.4584 37.4043 39 1.2147 1.4741 1.7872 2.1647 2.6196 3.1670 3.8254 4.6164 5.5659 6.7048 8.0695 9.7035 11.6583 13.9948 16.7853 20.1153 24.0857 28.8160 34.4469 41.1448 40 1.2208 1.4889 1.8140 2.2080 2.6851 3.2620 3.9593 4.8010 5.8164 7.0400 8.5133 10.2857 12.4161 14.9745 18.0442 21.72:45 26.1330 31.4094 37.7194 45.2593 41 1.2269 1.5038 1.8412 2.2522 2.7522 3.3599 4.0978 4.9931 6.0781 7.3920 8.9815 10.9029 13,2231 16.0227 19.3976 23.46A-25 28.3543 34.2363 41.3027 49.7852 1.2330 1.5188 1.8688 2.2972 2.8210 3.4607 4.2413 5.1928 63516 7.7616 9.4755 11.5570 14.0826 17.1443 20.8524 25.3395 30.7644 37.3175 45.2265 54.7637 1.2392 1.5340 1.8969 2.3432 2.8915 3.5645 4.3897 5.4005 6.6374 8.1497 9.9967 12.2505 14.9980 18.3444 22.4163 27.3666 33.3794 40.6761 49.5230 60.2401 1.2454 1.5493 1.9253 2.3901 2.9638 3.6715 4.5433 5.6165 6.9361 8.5572 10.5465 12.9855 15.9729 19.6285 24.0975 29.55'60 36.2167 44.3370 54.2277 66.2641 2.4379 3.0379 3.7816 4.7024 5.8412 7.2482 8.9850 11.1266 13.7646 17.0111 21.0025 25.9048 31.9204 39.2951 48.3273 48.3273 59.3793 59.3793 72.8905 2.4866 3.1139 3.8950 4.8669 6.0748 75744 9.4343 11.7385 14.5905 18.1168 22.4726 27.8477 34.4741 42.6352 52.6767 65.0204 80.1795 1.2642 1.5963 2.0133 2.5363 3.1917 4.0119 5.0373 6.3178 79153 9.9060 12.3841 15.4659 19.2944 24.0457 29.9363 37.23-20 46.2592 57.4176 71.1973 71.1973 88.197 1.2705 1.6122 2.0435 2.5871 32715 4.1323 5.2136 6.5705 8.2715 10.4013 13.0653 16.3939 20.5485 25.7289 32.1815 40.2106 50.1912 62.5852 77.9611 97.0172 1.2768 1.6283 2.0741 2.6388 3.3533 4.2562 5.3961 6.8333 8.6437 10.9213 13.7838 17.3775 21.8842 27.5299 34.5951 43.42:74 54.4574 68.2179 85.3674 106.7190 2.1052 2.6916 3.4371 4.3839 5.5849 7.1067 9.0326 11.4674 14.5420 18.4202 23.3067 29.4570 37.1897 46.90A-16 59.0863 74.3575 93.4773 117.3909 27 28 29 30 17.4494 31 32 33 34 35 36 37 42 1.2516 1.5648 1.9542 2.4379 1.2579 1.5805 1.9835 1.2832 1.6446 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 43 44 45 46 47 48 49 50 P