Problem 7-01 Question 13 of 20 Check My Work ( remaining) eBook Problem 7-01 You invest $3,000 Appendix A to answer the questions. Round your answers to the nearest dollar a. How much interest will you earn if the interest is left to accumulate? in a certificate of deposit that matures after nine years and pays 5 percent interest, which is compounded annually until the certificate matures. Use b. How much interest will you earn if the interest is withdrawn each year? Check My Work (1 remaining) year) 1% 2% 3% 4% 5% 6% 7% 8% 10% 12% 14% 15% 16% 18% 20% 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.160 1.180 1.200 2 1.020 1.040 1.061 1.082 1.102 1.124 1.145 1.166 .188 1.210 1.254 1.300 1.322 1.346 1.392 1.440 1.030 1.061 1.093 1.125 1.158 1191 1225 1.260 1.295 1.33 1.405 1.482 1.521 1.561 1.643 1.728 4 1.041 1.082 1.126 1,170 1.216 1.262 1.311 1.360 1.412 1.464 1.574 1689 1749 1.811 1.939 2.074 5 1.051 104 1.159 1.217 1.276 1.338 1.403 1.469 .539 1.611 1.762 1925 2.011 2.100 2.288 2.488 6 1062 1.126 1.194 1.265 1.340 1.419 150 1.587 1677 1.772 1.974 2.1952.313 2.436 2.697 2.986 7 1.072 1.1491.230 1.316 1.407 1.504 1606 1714 1.828 1.949 2.211 2.502 2.660 2.826 3.186 3.583 8 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.85 1993 2.144 2.476 2.8533.059 3.278 3.759 4.300 9 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 3.803 4.4365.160 10 1.105 1.219 1.344 1.480 1.629 1.791967 2.159 2.367 2594 3.106 3.707 4.046 4.411 5.234 6.192 11 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 5.117 6.176 7.430, 12 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 5.936 z87 8916 13 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 6.886 8.599 10.699 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.797 4887 6.261 7076 7988 10.147 12.839 15 1.161 1346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 5.474 7.138 8.137 9.266 11973 15.407 6 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3970 4595 6.130 8.137 9.358 10.748 14.129 18.488 7 1.184 1.400 1.653 1.948 2.2922.693 3.159 3.700 4.328 5.054 6.866 9.276 10.761 12.468 16.672 22.186 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7690 10575 12.375 14.463 19.673 26.623 9 1.208 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.056 14.232 16.777 23.214 31.948 20 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.728 9.646 13.743 16.367 19.461 27.393 38.337 25 1.282 1.641 2094 2.666 3.386 4.292 5.427 6.848 8.623 10.835 17000 26.462 32919 40.874 62.688 95.396 30 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.063 13.268 17449 29.960 50.950 66.212 85.850 143.370 .237.370
