Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve the following word problem by using Table 11-1. The rate of bacteria growth in a laboratory experiment was measured at 17% per hour. If

Solve the following word problem by using Table 11-1.

The rate of bacteria growth in a laboratory experiment was measured at 17% per hour. If this experiment is repeated and begins with 5 grams of bacteria, how much bacteria should be expected after 12 hours? Round to the nearest tenth of a gram.

Click here for Table 11-1

Do not enter units in your answer.

grams

Solve the following word problem by using Table 11-2.

Pinnacle Homes, a real estate development company, is planning to build five homes, each costing $145,000, in 3 years. The Galaxy Bank pays 8% interest compounded semiannually. How much should the company invest now to have sufficient funds to build the homes in the future? Round your answer to the nearest cent.

Click here for Table 11-2

$

Miguel wants to have $17,000 in 10 years. Use the present value formula to calculate how much Miguel should invest now at 8% interest, compounded semiannually in order to achieve his goal.

image text in transcribedimage text in transcribed

Periods 1% 1 2 % 3% 78% Periods 1.005OD 1.01003 1.OISON 1.02015 1.02525 1.01000 1.02010 1.03030 1.04060 1.05101 1.01500 1.03023 1.04568 L 102000 1.04040 1.06121 1.08243 1.10408 44% 1040X) LOR160 1.12486 1.16986 1.21665 103000 1,06090 1.09273 1.12551 1.15927 3% 1.05000 .10250 L.15763 1.21551 1.27628 6% 1.0600 1.12360 1.19102 1.26248 1.33823 1,07000 1.14490 1.22504 1.310NO 1.40255 1. 000 1.16640 1.25971 1.36049 1.46933 1.06136 1.07728 1.03038 1.03553 1.04071 1.04591 1.05114 1.06152 1.07214 1.08286 .09 369 1.10462 1.09344 1.10984 1.12649 1.14339 1.16054 1.12616 1.14869 1.17166 1.19509 1.21899 1.194051.26532 1.22987 1.31593 1.26677 1.36857 1.20477 1 .42331 1.34392 1.48024 1.34010 1.40710 1.47746 1.55133 1.62889 1.41852 1.50363 1.59385 1.68948 1.79085 1.50073 1.60578 1.71819 1.81846 1.96715 1.58687 1.71382 1.55093 1.99900 2.15892 1 1 1.05610 1.06168 1.06699 1.07232 1.07768 111567 1.12683 309 1.14947 1.16097 1.17795 .19562 1.21355 1.23176 1.25023 1.24337 1.26824 1.29361 1.31948 1.34587 1.384231.51945 1.71034 1.42576 1.60103 1.79586 1.46853 1.665071.88565 1.51259 1.73168 1.97993 1.55797 1.80094 2.07893 1.898 30 201220 2.13293 2.260X90 2.39656 2.10485 2.25219 2.40985 2.57853 2.75903 233164 251817 2.71962 2.93719 3.17217 1.08307 LO8849 1.09393 1.09940 1.10490 1.17258 1.18430 .19615 II 1.22019 1 1.26899 1.28802 1.30734 1.32695 1.34686 1.37279 1.40024 1.42825 1.45681 1.48595 1.60471 1.65285 1.70243 1.75351 40611 1.87298 1.94790 202582 2.10685 2.19112 2.18287 2.29202 2.40662 2.52695 2.65330 2.54035 2.09277 2.85434 3.02560 3.20714 295216 3.15882 3.37993 3.42594 3.7x2 3.99602 4.31570 4.66096 3.61653 3.86968 1 1 23 24 1.11042 1.11597 1 2155 1.12716 1.13280 1.23239 1.24472 1.25716 1.26973 1.28243 1.36706 .38756 1.40838 1.42950 1.45095 1.51567 1.86029 1.54598 1.91610 1.576901.97359 1.60844 2.03279 1.6-4061 2.09378 2.27877 2.36992 2.46472 2.56330 2.66584 2.78596 2.92526 3.07152 3.22510 3.38635 3.19956 3,60354 3.81975 .04893 4.29187 4.14056 4.41040 4.74053 5.07237 5.42743 5.08383 5.43654 5.87146 6.34118 6.84848 4 Periods Periods 1 9% 1.09000 1.18810 1.29503 1.41158 1.53862 10% 11% 1.10000 1 11000 1.21000 1.23210 .33100 1.36763 1.46410 1.51807 1.610511.68506 12% 112000 1.25440 1.40493 1.57352 1.76234 13% 113000 1.27690 1.44290 1.63047 1,84244 14% 1.140X) .29960) 1.48154 .68.996 1.92541 15% 15000 1.32250) 1.52088 .74901 201136 16% 17% 1.160X0 1.17000 1.44560 1.36890 1.560901.60161 1.81064 1.87389 2.10034 2.19245 18% 1.18.000 1.39240 1.64303 1.93878 228776 1 1 2 2.56516 3.00124 1.67710 1.82804 1.99256 2.17189 2.36736 1.77 156 1.94872 2.14359 2.35795 2.59374 1.87041 2.07616 210454 .55804 2.83942 1.97382 2.21068 2.47596 2.77308 3.10585 2.05 195 2.35261 2.65844 3.0014104 3.39457 219497 2.50227 285259 3.25195 3.70722 31306 2.66002 3.05902 3.51788 4.04556 2.436-40 2.82622 3.27841 3.80296 4.41144 2.69955 3.18547 3.75886 4.43545 5.23384 3.51145 4.10840 5063 2 13 2.58043 2.81266 3.06580 3.14173 3.64248 2.85312 3.13843 3.45227 3.79750 4.17725 3.15176 3.49845 3.88328 4.31044 4.78459 3.47855 3.89598 4.36349 4.88711 5.47357 3.83586 4.33452 4.89801 5.53475 6.25427 4.22623 4.81790 5.49241 6.26135 7.13294 4.65239 5.35025 6.15279 7.07571 8.13706 5.11726 5.62399 5.93603 6. SHOOT 6.88579 7.69868 7.98752 9.00745 9.26552 10.53872 6.17593 7.28759 8.59936 10.14724 11.97375 3.97031 4.32763 4.71712 5.14166 5.60441 4.59497 5.05447 5.55992 6.11591 6,72750 5.31089 5.89509 6.54355 7.26334 8.06231 6.1.30397 ,06733 6.86604 7.98608 7.68997 9,02427 8.61276 10.19742 9.64629 11.52309 813725 9.27646 10.57517 12.05569 13.74349 9.35762 10.76126 12.37545 14.23177 16.36654 10.74800 12.33030 12.46768 14.42646 14.46251 16.87895 16.7765219.74838 19.46076 23.10560 14.12902 16.67225 19.67325 2321444 27.39303 7 6.10881 6.65860 7.25787 7.91108 8.62308 8 .40025 8.14027 .95430 9.84973 10.83471 3.94917 9.93357 11.02627 12.23916 13.58546 10.80385 12.10031 13.55235 15.17863 17.00006 13,02 109 15.66758 14.71383 17.86104 16.6266320.36158 18.78809 23.21221 21.23054 26.46192 18.82152 21.64475 24.89146 28.62518 32.91895 22.57448 26.18640 30.37622 35.23642 40.87424 27.03355 32 32378 31.62925 38.14206 37.00623 45.00763 43.2972953.10901 50.65783 62.66863 Topyrige: Cap: The values in Table 11-1 were generated by the formula FV = (1 + i)" rounded to five decimal places, where i is the interest rate per period and n is the total number of periods. 0.97052 0.96569 0.96089 0.95610 0.95135 0.94205 0.93272 0.92348 0.91434 0.90529 0.91454 0.90103 085771 087459 086167 085797 0 87056 0.85349 0.83676 0.82035 0.83745 0.81309 0.78941 0.76642 0.74409 0.79031 0.79992 0.73069 0.702:59 0.67556 0.74622 0.71068 0.67684 0.64461 0.61391 0.70496 066506 0.62741 0.59190 055839 0.66634 0.62275 0.5R201 0.54393 05083 0 0.63017 0.58349 .54027 0.0025 0.46319 0.94661 0.94191 0.89632 0.88745 0.84893 0.83639 0.80426 0.78849 0.72242 0.64958 0.58468 0.70138 0.62460 0.55654 0.68095 0.60057 0.53032 0.661120 577480 S0SO7 0.64186 0.55526 0.48102 0.52679 0.49697 0.46884 0.44230 0 41727 0.47509 0.44401 0.41496 0.3872 0.36245 0.42858 0.39711 0.36770 0.34046 0.31514 14 0.93256 0.92792 0.86936 0.86135 081185 0.79985 0.75788 0.74301 0.92330085282 0.91871 0.84438 091414 033602 0.0099 082774 0 90506 081954 0788030.728450.62317 0.77639 0.71416 0.60500 0.761910.70016 09739 0.75361 0.686430 57039 0.74247 067297 055368 0.53391 0.45811 0.39365 0 51337 0.43630 0.37136 0.49363041552039034 047464 0.39573 033051 0.45639 037699 031190 0.33873 0.31657 0.29525 0.2765 0.25842 0.29189 0.27027 0.25025 0.72171 0.21455 20 21 0.90056 0.96 0.89162 0.8719 0.88277 081143 090340 0.79544 078757 0.77977 0.73190 065978 0.53755 0.43633 0.35894 0.7204 0 64684 0.5299 0.42196 034185 0.71004 063416 0.50669 0 .40573 0.32557 0.69954 0.62172 0.49193039012031007 0.689210609530.47761 0.37512 0.29530 0_29416 0.27751 0.26130 0.24 0.233000 0.24151 0.22571 0.21095 0.19715 .18425 0.19866 0.18394 0.17032 0.15770 0.14602 25 Periods 105 115 125 135 145 185 Periods 95 0.91743 0.84168 0.77218 0.70843 0.64993 0826545 0.75131 068301 062092 0.81162 0.79719 0.73119 0.65873 0.63552 0.99345056743 0.78315 0.76947 067497 0.61332059208 054276 051937 155 165 175 0.86207 0.75614 0.74316 0.73051 069752 0.64066 062437 5 7175 0.55219053365 0.49715047611 0.45611 0.71818 0.60963 IS1579 0.43711 6 0.59627 0.54703 O.S0187 046043 0.42241 056447 0.53464 0 51316 0.48166 0.46651 0.43393 042410039092 0.38554 0.35218 0.50663 0.45235 0.40388 0.48032 0.42506 0.37616 0.33268 0.29459 0.45559 039864 0.35056 0.30751 0.26774 0.43233 0.37914 0.32630 0.28426 0.24718 0.41044 0.35383 0:30503 0.26295 022568 0.38934 0.33320 0.28478 0.24340 20304 0.37043 0.31393 0.26604 0.22546 0.19106 0.32197 10 11 0 0.36753 0.35553 0.32618 0.29925 027454 0.35049 0.31863 0.28966 0.26333 0.23939 0 31728 0.26748 0.25070 28584 0.25668 0.23071 025751 0.229170 .20416 0 23199 0120462 018069 0209000 182700.15989 0.23662 0.20756 0.18207 0.1971 0.14010 0.21494 0.18691 0.16253 0.14133 0.12289 0.19542 0.17781 0.16192 0.16846 0.15197 0.13722 0.145230 12989 0.11629 012920 01 02 0.09855 0.00793 0.09489009352 0.25157 0.2307 0.21763 0.19784 OR29 016763 01632 0.14564 0.1229 0.10780 0.09804 0.01021 0.08110 0.067132 0.02078 005998 0.09.293 0.14150 0.12522 0.1108 0.09806 009678 Q.19449 0.17843 0.16351 0.14854 0.13768 0.12403 011611 0.10867 0.08295 0.07276 0.07027 0.06110 0.05961 005139 0.05064 0.04328 0.04308 0.03651 0.16370013513 0.15018 0.12285 0.13778 0.11168 0.12640 0.10153 0.11597 0.09230 011174 0.09256 0.10067 0.06264 0.09069 0.07379 COLORI 700.065 _07361 00SXR2 0.0760 0.067% 005014 005323 0.04710 0.06233 0.05599 0.04911 004308 0.03779 0.05313 0.04620 0.04017 0.03493 0.03038 004430 00219 0.03.292 0.02:38 0.02447 0.03699 0.03162 0.02702 0.02210 0.01974 0.03094 0.02622 0.02222 0.0123 0.01596 25 0 Det er r The values in Table 11-2 were generated by the formula PV the total number of periods. ounded to five decimal places, where is the interest rate per period and is Oi em 90 ^E O (1 1126/2019 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss

8th Canadian Edition

01259270114, 9781259270116

More Books

Students also viewed these Finance questions

Question

=+ 2. What are Webbs motivations?

Answered: 1 week ago