Question 6 of 15 Cheek My Work (2 remaining) ellook Problem 7-11 You purchase a stock for $15 and expect its price to grow annually at a rate of 10 percent. Use Appendix A to answer the questions. Round your answers to the nearest cent a. What price are you expecting after four years? 168 b. If the rate of increase in the price doubled from 10 percent to 20 percent, would that double the increasse in the price? Doubling the growth rate the price appreciation. The increase in the price at 10% is $ less than doubles 168 and at 20% is $ 239 Interest Factors for the Future Value of One Dollar Time Period (e.g year) 16 % 20% 15% 18% 12% 14% 9% 10% 8% 2% 3% 4% 5% 6% 7% 1% 1.150 1.322 1.160 1.200 1.180 1.392 1.140 1.120 1.254 1.405 1.574 1,.762 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.124 1.145 1.225 1.216 1.262 1.311 1.159 1.217 1.276 1.338 1.403 1.080 1.166 1.090 1.188 1.100 1.210 1.331 1.464 1 2 1.440 1.346 1.300 1.482 1.689 1.020 1.040 1.061 1.082 1.102 1.093 1.125 1.158 1.728 1.561 1.643 1.939 1.521 1.749 1.295 1,412 1.539 1.260 1.360 1.030 1.061 1041 1.191 2.074 1.811 1.082 1.126 1.170 4 2.100 2.288 2.488 1.925 2.011 1.611 1.469 1.051 1.104 5 2.195 2.436 2.826 3.278 2.700 2.986 1.772 1.974 2.313 1.062 1.126 1,149 1.194 1.265 1.340 1.419 1.230 1.316 1.407 1.504 1.606 1.267 1.369 1.477 1.594 1.718 1.587 1.714 1.851 1.999 2.159 1.677 1.501 6 2.660 3.059 3.518 4.046 3.186 3.759 3.583 1.949 2.144 2.211 2.502 1.828 1,993 7 1.072 1.083 1.172 1.094 1.195 1.105 1.219 4.300 2.476 2.853 8 3.803 4411 4.436 5.234 5.160 2.172 2.367 2.358 2.594 2.773 3.252 3.707 1.305 1.423 1.344 1.480 1.629 1.791 1.551 1.689 1.838 1.967 3.106 6.192 10 1.243 1.384 1.539 1.710 1.898 2.105 1.268 1.426 1.601 1.796 2.012 2.252 2.580 2.813 2.853 3.138 3.479 3.896 4.226 4.818 4.652 5.350 5.117 5.936 6.176 7.287 7430 8.916 10.699 12.839 2.332 2.518 2720 2.937 11 12 13 14 1.116 1.127 3.066 3.342 3.452 3.797 4.177 4.363 4.887 5.474 5.492 6.261 6.153 7.076 6.886 7988 8.599 10.147 11.973 1.886 2.133 2.410 1.138 1.149 1.294 1.319 1.346 1.558 1.801 2.079 2.397 2.759 1.469 1.665 1.513 1.732 1.980 2.261 2.579 3.172 3.642 7.138 8.137 9.266 15.407 15 1.161 3.970 4.595 18.488 3.426 6.130 6.866 7,690 8.137 9.358 10.748 14.129 16 1.173 1.184 1.400 1.653 1.948 2.292 2.693 3.159 1.196 1.208 1.457 1,220 1.486 1.806 2.191 1.373 1.605 1.873 2.183 2.540 2.952 4.328 4.717 5,142 5.604 9.276 16.672 3.700 3.996 5.054 5.560 6.116 10.761 10.575 12.375 12.468 14.463 22.186 26.623 17 18 1.428 1.702 2.026 2.407 2.854 3.380 1.754 2.107 2.527 3.026 3.617 2.653 3.207 3.870 19.673 12.056 13.743 14.232 16.367 19 4.316 4.661 8.613 16.777 23.214 27.393 31.948 38.337 9.646 20 6.728 19.461 1.282 1.641 2.094 2.666 3.386 4.292 5.427 25 8.623 10.835 17.000 26.462 62.688 95.396 6.848 32.919 40.874 143.370 237.370 30 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.063 13.268 17.449 29.960 50.950 66.212 85.850
