please ensure you answer correctly other person had no idea what they were doing thanks!.

Time Value of Money Concept The following situations involve the application of the time value of money concept. Use the full factor when calculating your results. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. Janelle Carter deposited $9,790 in the bank on January 1, 2000, at an interest rate of 12% compounded annually. How much has accumulated in the account by January 1, 2017 Rou dollar. 2. Mike Smith deposited $21,410 in the bank on January 1, 2007. On January 2, 2017, this deposit has accumulated to $42,117. Interest is compounded annually on the account. What ra earn on the deposit? Round to the nearest whole percent. % 3. Lee Spony made a deposit in the bank on January 1, 2010. The bank pays interest at the rate of 7% compounded annually. On January 1, 2017, the deposit has accumulated to $12,070 did Lee originally deposit on January1, 20107 Round to the nearest whole dollar. 4. Nancy Holmes deposited $6,930 in the bank on January 1 a few years ago. The bank pays an interest rate of 8% compounded annually, and the deposit is now worth $12,827. How many deposit been invested? Round to the nearest whole year. x years Feedback Check by Work It is important to select the correct table and use the full factor in calculating your results. When determining years or percentages, you have to first determine the factor and then look find the related interest or years. TABLE 9-4 Present Value of Annuity of $1 IN Periods 2% 3% 4% 5% 6% 7% 8% 10% 12% 1 2 3 95238 1 85941 2.72325 3.54595 1.78326 2.62432 4 96154 1 88609 2.77509 3.62990 4.45182 5.24214 6.00205 6.73274 5 4.32910 2 8 9 743533 10 98039 1.94156 2 88388 380773 4.71346 5 60143 6.47199 732548 8.16224 8.98259 9.7865 10.57534 11 34837 12 10825 12 B4926 13.57771 1429187 14 99203 15.67846 16.35143 17.65805 18 91393 20 12104 21 28127 22 39646 12 13 97087 1.91347 2.82861 3.71710 4.57971 5.41719 623028 7,01969 7.78611 853020 925262 9 95400 10 63496 11.29607 co 11.93794 73" 12 56110 12.56110 13.16612 13.75251 1432380 14 87747 15 93692 16.93554 17.87684 18.76411 19.60044 94340 93458 92593 90909 89286 1.83339 1.80802 1.73554 1.69005 267301 2.57710 2.48685 2.40183 3.46511 3.38721 331213 3.10987 3.03735 421236 4.10020 3.99271 3.79076 3.60478 491732 4.76654 4.6228 4 35526 4.11141 5.58238 5.38929 5 20637 4 86842 4.56376 6.20979 5.97130 5.74664 533493 4.967 6.80169 624629 5.75902 5.32825 738 736009 6.71008 6. 14457 65022 7 000 788687 zo 7.49867 7.13898 6.49506 93770 2 8.38384 794269 7.53608 6.81369 19437 8.85268 835765 90378 10336 42355 9.29498 1 8.74547 8.24424 36669 6 62812 9.71225 9.10791 8.55948 60608 10 . 6.81086 10.10590 9.44665 8.85137 82371 1047728 6.97299 1047726 9.76322 9.12164 02155 7.11963 10 82 10.82760 10.05909 9.37189 20141 724967 1115012 12 1033860 9.60360 36492 11 46992 7.36578 000 10.59401 9.81815 8.51356 46944 11.06 124 11 061 10.20074 8.77154 7.64465 12 55036 10.52876 8.98474 7.78-232 13.00317 11.82578 10 80998 9.16095 7.89566 13.40616 12.13711 11.05108 9.30652 798-4142 13.76483 12 40904 11.25778 805518 3635 16257 2.2832 285498 3.35216 3.78448 4 16042 4.48732 477158 5.01877 5.23371 42062 5.58315 172448 5.84737 595423 6.04716 6 12797 6. 19823 6.25933 635866 14 5.07569 5.78637 6.46321 7.10782 772173 12173 830641 0.000 8 8325 8.86325 9.39352 9.39357 GRO 9.89864 10 27986 10.37966 108372 10837 11 27407 11.68959 so 12 08532 12.46221 13.16300 13 79864 000 14 37519 15 8.11090 8.76048 9.38507 00 99565 9.30309 10.56312 11.11839 11.65230 0239 12 16567 12 65960 13.13394 1359033 14.45112 15 24696 15 98277 16 66306 17.29203 16 17 18 11 46903 14 89813 15 37245 6.49056 6.5335 6.56598 9.42891 to search D 6.516 700250 12.04 158 TABLE 9-1 Future Value of $1 (N) Periods 2% 3% 4% 5% 6% 7% 8% 10% 12% 15 1 1.02000 1.03000 1.04000 1.06000 1.10000 2 1.04040 1.06121 1.06090 1.09273 1.12551 1.05000 1.10250 1.15763 1.21551 1 27628 3 1.07000 1.14490 1.22504 1.12360 1.19102 1.26248 1.12000 1.25440 1.40493 4 1.08243 5 1.10408 1.15927 1.33823 1.57352 1.76234 1.12616 1.19405 6 7 1.41852 1.97382 1.22987 1 26677 1.21000 1.33100 1.46410 1.61051 1.77156 1.94872 2.14359 2.35795 2.59374 2.85312 1.50363 8 1.59385 9 1.14869 1.17166 1.19509 1.21899 1.24337 1.26824 1.29361 1.31948 10 11 12 2.21068 2.47596 2.77308 3.10585 3.47855 3.89598 4.36349 13 1.08160 1.12486 1.16986 1.21665 1.26532 1.31593 1.36857 1.42331 1.48024 1.53945 1.60103 1.66507 1.73168 1.80094 1.87298 1.94790 2.02582 2.10685 2.19112 2.36992 2.56330 2.77247 2.99870 3.24340 1.34010 1.40710 1.47746 1.55133 1.62889 1.71034 1.79586 1.88565 1.97993 2.07893 2.18287 2.29202 2.40662 2.52695 2.65330 2.92526 1.08000 1.16640 1 25971 1.36049 1.46933 1.58687 1.71382 1.85093 1.99900 2.15892 2.33164 2.51817 2.71962 2.93719 3.17217 3.42594 3.70002 3.99602 4 31570 4.66096 5.43654 6.34118 7.39635 8.62711 10.06266 14 1.31080 1.40255 1.50073 1.60578 1.71819 1.83846 1.96715 2.10485 2.25219 2.40985 2.57853 2.75903 2.95216 3.15882 3.37993 3.61653 3.86968 4.43040 5.07237 5.80735 6.64884 7.61226 1.30477 134392 1.38423 1.42576 1.46853 1.51259 1.55797 1.60471 1.65285 1.70243 1.75351 1.80611 1.91610 2.03279 2.15659 2.28798 2.42726 4.88711 15 1.15000 1.32250 1.52088 1.74901 201136 2.31306 2.66002 3.05902 3.51788 4.04556 4.65239 5.35025 6.15279 7.07571 8.13706 9.35762 10.76126 12.37545 14.23177 16.36654 21.64475 28.62518 37.85680 50 06561 66.21177 1.34587 1.68948 1.79085 1.89830 2.01220 2.13293 2.26090 2.39656 2.54035 2.69277 2.85434 3.02560 3.20714 3.60354 4.04893 4.54938 5.11169 5.74349 16 17 3.13843 3.45227 3.79750 4.17725 4.59497 5.05447 5.55992 6.11591 18 1.37279 1.40024 1.42825 1.45681 1.48595 1.54598 1.60844 1.67342 1.74102 1.81136 19 20 22 24 26 5.47357 6.13039 6.86604 7.68997 8.61276 9.64629 12.10031 15.17863 19.04007 23.88387 29.95992 6.72750 8.14027 9.84973 11.91818 14.42099 17.44940 3.22510 3.55567 3.92013 4.32194 28 30 TABLE 9-2 Present Value of $1 IN Periods 2% 3% 4% 5% 6% 7% 8% 10% 12 1 98039 97087 92593 90909 93458 .87344 2 3 96117 94232 .81630 85734 79383 73503 94260 91514 88849 86261 83748 82845 -75131 .68301 4 92395 5 7561 55752 57175 49718 43235 90573 94340 89000 83962 .79209 74726 70496 66506 62741 59190 55839 .76290 -71299 66634 6 88797 68058 63017 58349 81309 96154 92456 88900 85480 82193 .79031 75992 73069 70259 .67556 64958 62480 60057 57748 7 8 87056 85349 62275 62092 56447 51316 46651 42410 38554 35049 78941 89286 79719 71178 .63552 56743 -50663 45235 40388 36061 32197 28748 25668 22917 9 B3675 76642 74409 37594 32690 28425 24718 B2035 10 11 72242 52679 B0426 78849 12 .31863 49697 46884 13 95238 90703 86384 82270 .78353 .74622 71068 67684 .64461 .61391 58468 55684 53032 50507 48102 45811 43630 41552 39573 37689 34185 31007 28124 25509 23138 77303 28966 26333 21494 18691 16253 14133 12289 14 75788 44230 20462 15 23939 55526 53391 51337 74301 72845 71416 70016 68543 67297 58201 54393 50835 47509 44401 41496 38782 36245 33873 31657 29586 27651 25842 22571 19715 17220 15040 13137 70138 68095 .66112 64186 82317 60502 58739 57029 55368 52189 49196 46389 43708 41727 39365 37136 35034 33051 21763 19784 -54027 50025 46319 42888 39711 36770 .34046 31524 29189 27027 25025 23171 21455 18394 15770 13520 11591 09938 17 18270 16312 14564 13004 17986 18 19 20 22 24 26 28 30 31180 49363 47464 45639 42196 39012 36069 33348 30832 62172 10686 09293 08081 07027 06110 04620 03493 02842 01997 01510 16351 14864 12285 10153 08391 06934 05731 27751 24698 21981 19583 17411 11611 10367 08264 06588 05252 04187 03338 55207