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Question 4 10 pts If you desire to have $13,000 for a down payment for a house in eight years, what amount would you need

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Question 4 10 pts If you desire to have $13,000 for a down payment for a house in eight years, what amount would you need to deposit today? Assume that your money will earnis percent. Use Exhibit 1C. (Round your PV factor and final answer to the nearest whole dollar with no decimals or $) izuod Download Exhibit 1-C Present Value end of given period.pdf (2.16 MB) LATITUIT TU Present Value or $1 to Be Heceived at the end of a Given Number of Time Periods Period 19 2% C 4% $6 10% 11% 12% 1 0.90 2010 OSO 0.009 0330 0.901 0.812 0731 0797 3712 0.751 3 4 PYD 0.683 6990 6% 0.943 0.00 0.640 0.750 747 0.70 0665 0627 0.52 7% 0.995 0.873 0.816 07 0.73 0.000 0.625 0.12 0544 0.83 SSD ay 0.000 0.900 0.075 0.001 0.951 000 0.833 0.923 0.914 0.005 0.800 0067 0.87 0.670 0.261 0.017 OM 0.772 0.700 0.650 050 0547 0.500 0.40 0.925 0.80 0.855 0.022 0.780 0.760 0731 0.709 0.6 DO 3 2 3% 0:371 0943 0.015 0.885 0.00 0607 0.813 0.70 0.766 0.744 0.722 0.701 0001 0.661 0.62 3623 0.600 0.567 5% DAS 0.901 0.164 0.623 0.784 0740 0.711 0.67 0.611 0614 OSA 0.557 0.630 0 0411 0:43 8% . 0.857 0.794 0.735 0.631 0630 SRO 0.540 0.500 0.400 0.420 0397 0. 0.30 0.45 1454 0.564 0.513 0.467 6:44 0.36 POD 31 O WOSD 0.942 0.504 0.900 0.888 007 0.853 0.37 0.830 0.804 OM 0.773 0.750 0.749 0.795 0.714 0.100 0.00 0.673 0.010 10 0.30 OSCO 0390 0.90 0.23 0.475 0444 0415 03 30 0300 031 0317 G 0.95 0.22 0.200 0.07 0400 0.42 0.417 0.361 0371 2.30 13 0.237 ST 0229 0.305 0.00 1 SICO CEO 0.30 0.200 0.215 0.25 0231 0212 IND WO 0.22 0270 0.001 0.52 0.155 0.134 0.513 0.40 0.45 0.25 0.375 0300 0.45 SUD TO 900 0212 0.195 0.100 0104 14 170 0.153 0:30 DID OFER OND HO 0277 MID 0.232 WOO 0.570 SEO 0:25 0.80 0.620 0.780 0.17 0.116 0554 0.476 85%883 0.001 GED 0312 0233 0.174 NE NO TO 11 0.14 000 0033 0.011 0377 0.28 0-25 0.142 OST WOO 25 30 290 0.14 6131 DOT 0.000 000 2.046 DOST . 0.000 DES 1600 DOT POCO CIDO SOVO 0 GTR 0.600 0.459 0.32 0.014 0.100 50 MED Next Period 13% 14% 15% 16% 17 18% 1996 25% 30% 35% 40% 5046 1 2 0.640 0.705 0.593 0.714 0510 C 0.354 0.061 0.444 0.290 0,10 0.132 0.400 OBS 0.783 0.000 0.613 0.563 0.480 0.425 0.376 4 5 0.200 0.180 0.13 0.700 0.592 0.455 0350 0.200 0.207 0.150 0.125 0.004 003 6 7 9900 6900 0.741 0.500 0.400 0.301 0.222 0.165 0.122 0.091 0.06 0.050 0.007 900 000 20% 0.830 0.694 08 0.482 0.402 0.335 0279 0.233 0.194 0.163 0.135 0.112 0.000 0.07 0547 0.710 0.009 0.515 0.437 0.370 0314 0.200 0.225 0.191 0.16 0.137 0.156 0.000 0.064 0071 CCCO 0419 0.352 0.296 0 240 0.200 0.178 0.140 014 0.104 100 Spon 0877 0.700 0675 0.582 01510 0.456 0.400 0.351 0.300 0270 0.237 0200 0.162 0.150 0.140 0.123 D. 10 0.005 0.083 0.018 0.038 0020 0.005 0.001 003 D. 3.0 0.010 0.870 0.750 0.6 0572 0.497 0.432 0.376 0.327 0.24 0.247 0215 0.187 0.163 0.141 0.123 0.107 0.093 0.081 0.070 0.061 0.030 0.015 0.004 0.001 0.855 0.731 0.624 0554 0.454 0.300 0.333 0.285 0.243 0200 0.178 0.162 0.130 0.111 0.035 0.051 0.000 0.050 0.651 0.043 0.020 0.862 0.743 0641 0.552 0.476 0.410 0354 0.305 0.263 0.227 0.105 0.168 0.145 0.125 0.100 0.083 0.00 0.000 0.00 0.051 0.004 0.012 0.005 0.001 0.050 0.800 0.640 0.512 0410 0.300 0.242 0.210 0.100 0.134 0.107 0.00 0.000 0.055 0.04 0.005 0.000 0.003 2018 0.014 0.012 0004 10 11 12 1 14 15 16 17 0043 00 0.005 0018 0013 D DOO 0.005 an 0.000 0015 0011 COND WIW49thilde SOUD 9900 900 2000 0.074 0.295 0.261 0.231 0.204 0.181 0.100 0.161 0125 0.111 0.000 0.087 0047 0.06 0.000 60 0.020 QUIS 000 2009 0.00 000 1 0000 2100 1000 000 1000 000 0.051 0.003 0. 18 0.002 0.02 0.02 0.044 0037 0.001 0.013 0.005 0.001 0.054 0.045 018 0.031 0.020 0.010 0.004 0.00 0 DOT 0.00 Dos 0 2000 100D 0 20 DOO Dog 0.016 0007 0.00 o 2 0 O 0 0 30 40 50 0.002 0 Next

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