QUESTION 16

1. time	contractual rates of interest
   1	5%
   2	6%
   3	7%
   4	8%
   5	9%
   6	10%
   7	11%
   8	12%
   9	13%
   10	14%

   You make a single investment of $1,000 in a contract that offers the annual returns stated in the column.

   What is the value of your contract when it matures at the end of year ten.

   You can use the FVSCHEDULE function in EXCEL

   Do not enter dollar sign. Only enter a number in the format, 3,4236.07