please make sure the answer can be read easily. Also,

$12694.15 is a wrong answer for letter A. thanks!

You need $25,056 at the end of six years, and your only investment outlet is a 12 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C. (Round "PV Factor" to 3 decimal places. Round the final answers to nearest whole dollar.) a. What single payment could be made at the beginning of the first year to achieve this objective? Single payment made $ 12694 X b. What amount could you invest at the end of each year annually for six years to achieve this same objective? Amount to be paid $ 3087.539 APPENDIX B Present Value of 1, PVw-Flat) - =FV(1 + i) Period 2. 3 5 7 B 9. 10. 11 12 13 14 15 16. 17 18. 19 20 25 30 40 50 1% 0.990 0.900 0.971 0.961 0.951 0.942 0.933 0.923 0.914 0.905 0.896 0.887 0.879 0.820 0.861 0.853 0.844 0.836 0.828 0.820 0.780 0.742 0.672 0.608 0.90 0.961 0.942 0.924 0.900 0.88 0.871 0.853 0.837 0.820 0.800 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.610 0.552 0.453 0.372 3% 0.971 0.943 0.915 0.BAS 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.478 0.412 0.307 0.228 0.962 0.925 0.89 0.855 0R22 0.780 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.375 0.308 0.208 0.141 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.295 0.231 0.142 0.087 Percent 6% 0.913 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.550 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.233 0.174 0.097 0.064 7% 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.52 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.184 0.131 0.067 0.034 BS 0.925 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.146 0.099 0.046 0.021 0.917 0.842 0.772 0.708 0.650 0.596 0.547 0.502 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.116 0.075 0.032 0.013 10% 0.90 0.826 0.751 0,683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.092 0.057 0.022 0.009 115 0.901 0.BIZ 0.731 0.669 0.593 0.535 0.482 0.434 0.391 0.352 0.317 0.286 0.258 0.232 0.209 0.18 0.170 0.153 0.138 0.124 0.074 0.044 0.015 0.005 Period 12 19% SOS 0.840 0.893 0.797 0.712 0.444 4 5 7 13% 0.885 0.783 0.683 0.613 0.543 0.480 0.425 0.376 0.333 0.295 0.261 0.231 0.204 0.181 0.160 0.141 0.125 0.111 0.098 0.087 0.047 14% 0.877 0.769 0.675 0.582 0.519 0.456 0.400 0.351 0.300 0.270 0.237 0.208 0.182 0.160 0.140 0.123 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 0.215 0.187 0.163 0.141 0.123 0.107 0.093 0.001 0.070 0.061 0.030 0.015 0.004 0.001 16% 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 20. 11 12 17% 0.855 0.731 0.624 0.534 0.456 0.390 0.333 0.285 0.243 0.208 0.178 0.152 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.013 0.020 0.009 0.002 30% 0.769 0.592 0.455 0.350 0.269 0.207 0.159 0.123 0.094 0.073 0.056 0.706 0.593 0.499 0.419 0.352 0.296 0.249 0.209 0.176 0.148 0.124 0.567 OSO7 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.206 0.163 0.163 0.146 0.130 0.116 0.104 0.059 0.033 0.011 0.000 Percent 18% 0.847 0.718 0.609 0.515 0.437 0.370 0.314 0.266 0.225 0.191 0.162 0.137 0.116 0.099 0.084 0.071 0.060 0.051 0.003 0.037 0.016 0.007 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 0.135 0.112 0.083 0.078 0.065 0.054 0.045 0.038 0.001 0.025 0.010 0.004 0.001 0 25% 0.800 0.640 0.512 0.410 0.320 0.262 0.210 0.168 0.134 0.107 0.086 0.069 0.055 0.014 0.035 0.028 0.023 0.018 0.014 0.012 0.004 0.001 0 0 0.043 35% 0.741 0.549 0.406 0.301 0.223 0.165 0.122 0.091 0.067 0.050 0.037 0.027 0.020 0.015 0.011 0.008 0.005 0.005 0.003 0.002 0.001 0 0 0 405 0.714 0.510 0.364 0.250 0.186 0.133 0.095 0.068 0.048 0.035 0.025 0.018 0.013 0.009 0.006 0.005 0.003 0.002 0.002 0.001 0 0.198 0.132 0.088 0.059 0.009 0.025 0.017 0.012 0.008 0.005 0.005 0.002 0.002 0.001 0.001 0 0.104 14 15 16 7 8 9 0.100 0.060 0.051 0.088 0.074 0.062 0.052 0.044 0.037 0.031 0.013 0.005 0.001 0 0.095 0.DES 0.073 0.038 0.020 0.005 0.001 0.033 0.025 0.020 0.015 0.012 0.009 0.007 0.005 0.001 0 0 0 5 0. 0.008 0.002 0. 0.012 0.003 0.001 0 0 0 0.001 0 0 0 0 Factor calculator SINT- SLNumber of pers required to LAY PVRAG Decor 1. For beging of prodh APPENDIX C Future Value of an Aemalty of S1, PV, PV-46**' Percent Period 3% 1.000 2.030 3.091 3 4. 5. IS 1.000 2.010 3.030 4.080 5.101 6.152 7.214 8.26 45 1.000 2.010 3.122 4.246 5.416 1.000 2.060 3.184 4.375 1.000 2090 3.278 4573 5.ses 5.309 6.458 1.000 2.110 3.342 4.710 6.228 7.913 9.70 10% 1.000 2.100 3.310 4641 6.105 7.716 9.087 11.06 13.579 15.537 9.200 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1.000 2.020 3.060 4.122 5.204 6.300 7.434 8.53 9.755 10.950 12.169 13.412 14.680 15.974 17.293 18.639 20.012 21.412 22.841 24.297 32.030 40.588 60.402 84.579 10.462 11.567 12.683 13.09 14.947 16.097 17.258 18.430 19.615 20.811 22.019 28.243 34.785 B.RS 10.159 11.464 12.809 14.192 15.618 17.006 18.599 20.157 21.762 23.414 25.117 25.870 36.459 47.575 75.401 112.80 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 21.825 23.690 25.645 27.571 29.778 41.646 56.085 95.626 152.67 5% 1.000 2.050 3.153 4.310 5.526 6 8.142 9.519 11.027 12.578 14.207 15.917 17.713 19.599 21.579 23.657 25.840 28.132 30.539 33.066 47.727 66.439 120.80 209.35 1.000 2.070 3.215 4.440 5.751 7.15 8.654 10.260 11.978 13.816 15.784 17.888 20.141 22.550 25.129 27.888 30.840 6.975 8.394 ST 11.491 13.181 14.972 16.870 RR2 21.015 23.276 25.673 28.213 30.906 33.760 36.786 54.865 79.058 154.76 290.34 1.000 2.080 31246 4506 5.857 7.335 8.53 10.637 12. 1 16.545 LAST 21.495 24215 27.152 30.324 33.750 37.450 41.446 13.021 15.198 17.560 20.141 222.953 26.019 28.351 33.000 36.974 41.301 46.018 51.160 BL701 21.34 24523 27.975 31.772 35.950 0545 55.589 51159 57275 98.367 154.9 14.154 16.722 19.561 22.713 26.212 30.096 34.405 39.190 44.501 50.396 56309 5.203 114.41 30 40 37.379 40.995 63.219 94.461 199.64 406.53 73.105 113.28 259.06 573.77 64.463 337.29 815.08 1,163.9 581.83 1.5628 Period Percent 17% 1.000 2.170 3.539 5.141 7,014 9.207 11.772 14.773 18.285 22 393 27.200 4 5 6 7 B 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 12% 1.000 2.120 3.374 4.779 6.353 8.115 10.089 12.300 14.776 17.519 20.655 24.133 28.029 32.393 37.280 42.753 48.884 55.750 63.440 72.052 133.33 241.33 767.09 2.400.0 13% 1.000 2.130 3.407 4.850 6.480 8.323 10.405 12.757 15.416 18.420 21.814 25.650 29.985 34.883 40.417 46.672 53.739 61.725 70.749 80.947 155.62 293.20 1,013.7 3,459.5 14% 1.000 2.140 3.400 4.921 6.610 8.536 10.730 13.233 16.085 19.337 23.045 27.271 32.089 37.581 43.842 50.980 59.118 68.394 78.969 91.025 181.87 356.79 1,342.0 4.991.5 15% 1.000 2.150 3.473 4.983 6.742 8.754 11.067 13.727 16.786 20.304 24.349 29.002 34.352 40.505 47.580 55.717 65.075 75.836 88.212 102.44 212.79 434.75 1,779.1 7.217.7 16 1.000 2.160 3.506 5.066 6.877 8.977 11.414 14.240 17.519 21.321 25.733 30.850 36.786 43.672 51.560 60.925 71.673 84.141 98.603 115.38 219.21 530,31 2.300.8 10,436 18% 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.096 23 521 28.755 34.931 42.219 50.BIB 60.965 72.939 87.068 103.74 123.41 146.63 342.60 19% 1.000 2.190 3.606 5.291 7297 9.683 12.523 15.30 19.923 24.701 30.404 37.180 15.24 54.41 66.261 79. ESO 1.000 2.200 3.600 5.358 7.402 9.900 12.916 16.199 20.799 25.959 22.150 29 SBI 48.497 SA 196 72.05 87.412 06.93 128.12 15174 186.69 39.404 47.103 56.110 66.649 78.979 93.406 110.29 130.00 29.11 647.44 3,1345 15.000 30% 1.000 1000 2.250 2.300 3.813 3.990 5.756 6.187 9.00 11.259 12.756 15.073 17.583 19. 23858 25.802 22.015 2.619 58.405 54.208 2017 68.750 97.625 5699 127.91 10. 167.29 13811 173.64 285.01 218.05 371.52 273,56 183.97 32.95 630.17 1,054.8 2.348.80 3.2272 8.730.0 30,089 120,393 165.976 115.27 138.17 165. 4,163.21 21.813. 9667 5,5238 31.515 1,1819 7,339 15.097 ince Note Factor S1 SL- Select number of pens Sully Must PERLO 1 - Food