Solve various time value of money scenarios Click the icon to view the scenarios) Click the icon to view the present value f ora Co the icon to view the future v ector the con love the procent value annut torte Chekhe con la view the future v i ctor ) Scenario 1. Suppose you investasum of $5.500 inn b earing account at the rate of 10% per year. What will the n be worth years from now? Round your answer to the earth ) In six years the investment will be worth $ 0 Scenario 2. How much would you need to invest now to be able to withdraw 37 000 the end of every year for the next 20 years? Asume an interest rate Round your answer to the nearest whole dar) The current investment amount required is $ Scenario 3. Assume that you want to have $155,000 saved seven years from now whole dollar) you can invest your funds at a Wrestre how much do you currently need to invest? (Round your answer to the nearest The current investment amount required is Scenario 4. Your aunt Cathy plans to give you $1,000 at the end of every year for the next period? (Round your answer to the nearest whole dollar) years. If you invest each of the yearly is a 14 interest rate how much will they be worth at the end of the len year In ton years the investment will be worth $ Scenario 5. Suppose you want to buy a interest-bearing account the role of cabin in the mountains four years from now. You estimate that the property will cost $0.50 at a time. How much money do you need to invest each year in an per year to accumulate the purchase price? Round your answer to the nearest wholedo ) The investment required each year is Enter any number in the edities and then continue to the next question able.) (Click the icon to view the present value annuity factor table.) 0 More Info ( Roun und yo 5,000 1. Suppose you invest a sum of $5,500 in an interest-bearing account at the rate of 10% per year. What will the investment be worth six years from now? 2. How much would you need to invest now to be able to withdraw $7.000 at the end of every year for the next 20 years? Assume an 8% interest rate. 3. Assume that you want to have $155,000 saved seven years from now. If you can invest your funds at a 6% interest rate, how much do you currently need to invest? 4. Your aunt Cathy plans to give you $1,000 at the end of every year for the next ten years. If you invest each of her yearly gifts at a 14% interest rate, how much will they be worth at the end of the ten-year period? 5. Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the property will cost $50,500 at that time. How much money do you need to invest each year in an interest-bearing account at the rate of 8% per year to accumulate the purchase price? d to inve $1,000 hole do much wil all cabin er year to poney do you then continue to the next question 5 of 11 (0 complete) i Reference hd your Jour ans 0.4760417 Present Value of $1 Periods 1% 2% 3% 4% 5% 10% 12% 14% 16% 18% 20% 1 0.990 0.90 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 2 DO 1 0961 0.943 0.925 0.90708900857 0.826 0.797 0.769 0.743 0.7180.694 10.971 0.942 0915 088908640 840 0.794 0.751 0.712 10.675 0.641 0.609 0.579 0.951 0.924 BAB ives 0.855 0 823 0.792 0.735 0.636 0.5920 5520 516 0.482 0.951 0.906 0.863 0622 0.784 0.747 0.681 0.437 0.402 0.942 0.888 0.837 0.750 0.746 0.705 0.410 0.370 0.335 7 0.933 0871 0.313 0.750 0.7110 .665 0.314 0.279 $150 8 0.923 0.853 0.789 0.731 0.677 0.305 0.266 0233 0.914 08370.766 0.7030.545 0.263 0225 0.194 10 0.905 0820 0744 0.676 0227 0.191 0.896 0.804 0.195 0.135 0.887 0.788 0.701 0168 0.1370.112 you s 08790773 0681 0.182 .145 0.116 0.093 st whole 0.870 0.758 0.861 0 160 0.125 0099 0.078 0.861 0.743 0.642 0.140 0.108 0.084 0.066 $ 0.820 0.673 0.554 0456 0312 0215 0.149 0,104 0.073 0051 0.037 0.025 OTRO 0510 0478 0375 0.296 023301460092 0.05 0.038 0.024 0.0160.010 a small 0.742 0.55204120308 0 231 0 099 005700300200012 0.007 0.004 % pery 1400572 0.453 030702080142 0.097 0.046 0.0220011 0005 0.0030 0010 001 invest? 0.162 $ 012 h will they 583 do you nee Print Done and then i Reference Future Value of $1 Periods 18% 1010 1.120 ant 1060 1.124 1.191 1300 1050 1.103 1.158 1.216 1276 1.254 1405 wou 1262 1 574 3% 1000 1061 1093 1.126 1.159 1.194 1.230 1 267 1.305 1482 1689 1925 1338 1.020 1030 1.041 1.051 1.062 1.072 1.063 1094 1.105 1.116 1.121 2% 1020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1219 1243 1268 4294 1319 1.346 tamd 1040 1.082 1.125 1.170 1217 1265 1316 1.369 1423 1480 1539 1.601 1665 1.732 1801 16% 1.160 1.346 1.561 1.811 2.100 2.436 2826 3278 3.803 1.340 1407 1.477 1551 1.629 1.419 1.504 1.594 hat yo 1.100 1.210 1331 1464 1511 1.772 1.949 2.144 2 358 2.594 2.853 3.138 3452 8% 1040 1.166 1260 1360 1469 1587 1.714 1.851 1.999 2.159 2332 2518 2.720 2937 3.172 4.661 6.848 10.083 21.725 1.762 1974 2 211 2476 2.773 3.106 3.479 3.896 1 589 5.160 1.791 1392 1.440 1.643 1.728 1.939 2.074 2288 2.488 2700 2.996 3.185 353 3.759 4.300 4435 5.234 6.192 6.176 7430 7288 8916 8.599 10699 10.147 12839 11.974 15.407 27.393 38.338 62.669 95 396 143371 237 376 780 378 1489772 ent am 1.384 1426 1.710 1.796 1896 2.195 2502 2853 3.252 3.707 4.226 4818 5.492 6251 7.138 13743 26.462 50 950 188 884 1893 2012 ant Cathy answer 2.133 1980 1.161 1.220 1282 estment 1513 1.558 1806 2094 2427 3.262 1436 5.117 5.935 6 885 7988 9.266 19.461 40874 85.850 378 721 2.261 2397 3 207 4292 5743 10 286 2.079 2653 3.386 4.322 7.040 2.191 2.666 3243 R01 4887 5.474 9.646 17.000 29 950 93.051 1641 1 811 2208 6.727 10.835 17.449 45 259 se you w counta 1.489 equired a Print Done er in the ed i Reference enarios rios.) ant value fac value facto Sum of $5,50 Periods hd your answi worth $ need to inves your answer to required is $ 6 7 8 ant to have $159 Present Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 1.970 1.942 1.913 1.886 1859 1.833 1.783 1.736 1.6901.647 1.605 1.566 1.528 2.941 2.8842.829 2.775 2.723 2.673 2.577 2.487 24022.322 2.246 2.174 2.106 3.902 3,808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.569 4.8534.713 4.5804452 4.3294212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 5.795 5.601 5.417 5242 5.076 4.917 4.623 4.355 4.111 3.8893.685 3.498 3326 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 4.288 4.039 3.812 3.605 7.652 7.3257.020 6.733 6.463 6210 5.7475.335 4.968 4.639 4344 4.078 3.837 8.566 8.1627.78674357.108 6.802 6.247 5.759 5.328 4.946 4.607 4.303 4.031 9.471 8.983 8.530 8.1117.722 7.360 6.710 6.145 5.650 5216 4.833 10.368 9.787 9.253 8.760 8.3067.887 7.139 6.495 5.938 54535.029 4.656 4.327 11.255 10.575 9.9549.385 8.8638,384 7.536 6.8146.194 5.6605.1974.793 4.439 12.134 11.348 10.635 9.986 9.3948.853 7.904 7.103 6.424 5.842 5.3424.910 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.6286.002 5.468 5.008 4.611 13.865 12.849 11.938 11.118 10 380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 4.675 18.046 16.351 14.877 13.590 12462 11.470 9.818 8.5147469 6.623 5.929 5.353 4.870 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.843 6.873 6.097 5.467 4.948 25 808 22 396 19.600 17.292 15.372 13.765 11 258 9.4278.055 7.003 6.177 5.517 4.979 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.7798244 7.105 6.233 5.548 4.997 invest? (Round required is $ lans to give you $ the nearest wholl 13 14 ph will they be wo all be worth $ do you need to in unt to buy a small e rate of 8% per ye 40 h year is $ Print Done Bit fields and then c! alue of o view i Reference to view to view Future Value of Annuity of $1 98% se you in 3% 10% 11000 2.100 1.000 1000 1.000 2040 1.000 vestment 2160 3.506 11222 1.000 2.060 3.184 4 375 5.637 2180 3572 5215 3310 4641 6.105 5.066 1% 1.000 2010 3.030 4050 5.101 6.152 7214 8286 9.569 10462 much wod 4246 5.416 7 154 7.716 stment and 9.487 1.000 1000 2.020 2030 3060 4122 4184 5204 5319 8308 848 7434 7.662 8583 8892 9.755 10.59 10.950 1104 12.169 1200 13.412 14.192 14.680 15518 15 974 17 086 17 293 18.599 24 297 26870 32.000 36 459 140 568 47575 6040275 401 6.975 8.394 9.897 11.491 13 31 ume that yo 5% 1.000 2.050 3.153 4310 5.526 6.802 8.142 9.549 1107 12.578 14 207 15.917 17713 19 599 21.579 3066 47 727 56439 120 800 1.000 2080 3246 4 505 5.367 7305 8923 10637 12 ORE 14187 16845 18.977 21495 24 215 27.152 45 762 73. 106 113 263 259,057 6.633 7898 9214 10 SRO 12 000 134 15026 16.627 18292 20.024 2977 41.546 085 95.026 9.442 12142 15 327 19.08 23521 1.000 2.120 3374 4.779 6.353 8.115 10089 12.300 14 775 17.549 20655 24.133 28.029 32 193 37 280 72052 133 334 241.333 767.091 1.000 2.140 3.440 4921 6610 8536 10.730 13 233 16 085 1937 23.045 27 271 32089 37.581 43542 91.025 181 871 356.787 1,342.025 estment amd 11.436 13.579 15 937 18.531 21,384 24,523 27.975 31.772 57 275 98.347 164494 442.593 11567 12683 13 809 14.947 15097 3.640 5.358 7.442 9.930 12.916 16.499 20.799 25959 32.150 39 581 48 497 59.196 72035 186688 471.981 1,181.882 7.343.858 nur aunt Cathy your answer 8.977 11.414 14.240 17.519 21.321 25733 30.850 36.786 43 672 51.660 115380 249.214 530.312 2.360.757 14.972 16.870 18982 21 015 23276 36 786 54.965 79.058 154.762 28755 34 931 42219 50 818 60.965 e investment 22 019 28 243 34 785 LR RAS 145.628 342603 790 948 4,163 213 ste Suppose you w mg account at ont required a Print Done mber in the ed @ 1 % T & T