Pete Air wants to buy a used Jeep in 3 years. He estimates the Jeep will cost $15,100. Assume Pete invests $10,100 now at 6% interest compounded semiannually.

a. Calculate the maturity value of the investment. (Use the Table provided.) (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?

multiple choice:

-Yes

-No

100N 1 1000 2100 12010 1000 11080 13120 14377 15742 17200 1107 2006 22032 24702 27137 29715 15105 1.7716 10487 21436 2357 10050 1 1772 12773 13050 15037 18315 17701 12200 2.0039 2.2010 2.4532 2.6617 2.8879 3.1334 3.3997 36807 40023 43425 47116 51120 5.5466 60180 65056 7.0046 32537 Future value interest factor of $1 per period at i% for n periods, FVIF.n). Preds 10 15% 2.0 2.5% 30 3.5% 40 45 10001010010150 1020010350 55% 6.0% 10300 7.09 10350 10400 10450 75 B0 2 10100102011.050210104 10500 10530 10000 10650 10700 10750 10500 10000 10712 10816 1.0920 10800 3 1.015110303 10457 11025 11130 1.1236 1.1342 11440 10012 1076010927 1.1556 1.1412 1.1087 1.1249 1104 1.1576 1.1742 1910 10202104061001410824 1 1038 1 2070 12250 1 1255 11425 1 1475 1.1699 1 2423 1 257 12155 10253 1.05101077311041 12300 5 1 2025 12865 13100 13355 1.1314 1. 1593 11677 12167 12462 13606 12760 13382 10304 1.0615 1.093411262 13070 +3701 1 4026 1.4356 1.1507 1. 1941 1.2293 1 265) 13023 4503 13401 1378 14185 7 15007 15433 1.4501 1.0355 1.0721 1.100 1.1487 12200 1.1887 1.272513150 1.3609 15809 8 14071 14547 15035 104071002011265 1.1717 15540 1.6050 1.6500 1.2668 17139 1.2184 13160 13636 14221 14775 15347 1 5913 1.6550 1.7182 9 1.0450109371163411951 17835 1 2489 18509 13048 1.3629 14233 1.4861 15513 16101 10 1051111046 1.160512100 1.6895 18305 17820 19172 1.9900 12001 13439 1.4106 14802 1.5530 16289 1.7081 17000 11 1.9572 1,05641115T11779 12434 13120 13842 1.4500 15395 18771 20010 2.1589 1.6229 12 17105 18021 1983 1.9992 2 1049 22156 2.1316 1.06171120011956 1.2002 13449 1425015111 16010 16950 12 1795 19012 20122 2.1291 22022 10670.13811213612036 2.3818 1.3783 14685 1.5640 1.6651 25182 17722 18056 20058 21329 2.2075 24098 2.5604 14 107231.1495 1 23101.3195 14130 27198 15126 16187 1731718519 19799 2.1161 22509 24140 25785 2.7524 10777 11510 1250214459 29372 15 1403 1.5580 16753 1600919353 20789 22325 23966 16 25718 27590 2.9589 10831 1.17251289013726 3.1722 14845 1.6047 1.7340 1873020224 2 1829 23553 25404 2.7390 29522 3.1808 34250 1,0885 1.1843 12880 1.4002 15215 16520 1 7947 19470 21134 22920 24848 2.6928 2.9170 3.1563 3.4194 3.7000 18 10939 1.1967 1.307214282 15597 17024 18575 20250 22085 2.4066 26215 28543 1067 33700 2.6750 30066 19 1099412081132701 4568 15007 17535 1 9225 2106 23079 25270 2.7654 3.0256 33066 35165 39515 43157 20 1.1010122021346914859 16380 1.806 1.9898 21911 24117 26533 29170 3 2071 3.5236 38097 42479 46616 21 1.110412324 13671 15157 16790 186032059422788 25202 27800 30782 3.3996 3.7527 41404 4:5654 32 50333 1.1150 124471387515460 17210 1016121315 23000 26337 29253 32475 3.5035 39906 44304 49000 5.4365 23 1 121812572 1.4084 1.5769 17546 1.9735 22051 2464727522 30715 34202 3.8197 42564 47405 5277 58715 24 1.1772 1.2007 1.4295 1.6084 1.3087 2.03282 283 2563328760 32251 3.0145 40489 45331 50724 5.6720 6.3412 25 1.1320 12824 1.450916406 1.8539 2092 23632 26650 30054 33054 3.8134 42919 4277 54274 6.0983 3.8405 20 1.1385 1.295014727 16734 19003 2.1565 24460 27725 31407 35657 40231 4.5494 5.1415 58074 6.5557 73954 27 114421.303214948 17069 19470 2.7213 25316 2.8834 32820 37335 42444 5.4757 62139 70474 79081 20 1.1400 1.32131.517217410 19965 22870 26202 2.9937 3.4297 39201 44770 5. 1117 5.8318 6.8463 75750 8.6271 29 1 1556 13345 15400 1.7750 20464 23500 2.7119 1187 35840 4 1161 47241 5.4184 62107 7.1143 8.1441 9.3173 30 116141.347 15634 1.811420976 2.42732000 3.2434 3.7453 43219 49140 5.7435 55144 76123 2.7550 100027 31 1 1672 1.3613 1.5865 18476 2.1500 26001 2.905033731 3.9130 45180 52501 5.0801 70443 8.1451 94116 10.8677 32 11730 1.37401610318545 22038 25751 3.0007 3.5081 40200 47640 65473 0.4534 75022 8.7153 10.1174 117371 33 1.170913087 1.63459222 22500 26523 311103.648442740 5.0032 58524 68400 7.9198 93053 108763 12.6750 34 1 1040140261050019607 2.3153 27319 32200379434 4004 8.2530 61742 7.2510 85092 9.9701 11.6990 13.6901 35 1.1907 1416516630 1.9999 23732 2813033390 3.946145673 55100 65138 76661 90523 10 6700 12 500 147853 36 1 1967 14300 1.709120399 24325 28903 3.45034103048774 5.7910 68721 61673 0.0513 114230 135115 159662 37 120271445117340 2.0007 24933 29052 35710 42001 50900 80014 72501 86361 10.2780 122236 14.5240 17 2450 30 1 2007 1.4105170002.1223 25557 30748 3.6900400 53262 63855 7 1543 10.0457 136793 15 0143 106253 20 1 2147 1474117872 2.1647 26196 3.1070 3.0254 4.6164 5.5659 6.7040 80S 97035 110583 134 167853 20 1150 40 12200 14000 101402.2000 2.6951 32020 395934001050164 70400 8.5133 102057 124161 140745 18442 217245 41 12210 1500 184122252227522 3.3599 40970 49931 60701 7.3120 9815 19 9029132231 16.0227 19.376 234025 12330 151801 800022272 2.8210 3.4607 424135192663516 7.7010 115570140820 20 424 17.1443 94759 25335 1 21921.534016900 2.343220915 3.5645 97 5.400566374 8 1497 07 12.2505140910 10.1444 22 4163 27.366 124541549319253 2.300129638 3.0715 454335 616559361 44 8.5072 10.50 12.9056 15 0729 240075 19.6205 29.5560 0.0050 45 111200 126161.5648 1.95422.4379 3.0379 37816 470245841272412 13.7640 170111 25.000 210025 31.0304 46 12579150051835 245 3.1139 3.6050 4.060748 75744 9.4343 11733 145905 18. 1160224720 27.8477 34.4741 299363 1264215063 20112 2.5363 3.1917 9.9900 401108.0373 63170 7.9153 123841 15.460 10 2944240457 372320 40 1270510122 2043525071 3.2715 41323 02136 0570582715 10:4013 13 0853 1600205485257209 32 1015 402100 17 21.014297 298 1216203 20741 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