Solve various time value of money scenarios. i (Click the icon to view the scenarios.) (Click the icon to view the present value factor table. (Click the icon to view the future value factor table.) (Click the icon to view the present value annuity factor table.) (Click the icon to view the future value annuity factor table.) Scenario 1. Suppose you invest a sum of $5,000 in an interest-bearing account at the rate of 10% per year. What will the investment be worth six years from now? (Round your answer to the nearest whole dollar.) In six years the investment will be worth Scenarlo 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 a 12% interest rate. (Round your answer to the nearest whole dollar.) The current investment amount required is Scenario 3. Assume that you want to have $165,000 saved seven years from now. If you can invest your funds at an 8% interest rate, how much do you currently need to invest? (Round your answer to the nearest whole dollar.) The current investment amount required is Scenario 4. Your aunt Rita plans to give you $4,000 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? (Round your answer to the nearest whole dollar.) In ten years the investment will be worth Scenario 5. Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the property will cost $51,500 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? (Round your answer to the nearest whole dollar.) The investment required each year is | Reference Present Value of $1 14% Periods 1% 2% Period 1 0.990 0.980 Period 2 0.980 0.961 Period 3 0.971 0.942 Period 4 0.961 0.924 Period 5 0.951 0.906 Period 6 0.942 0.888 Period 7 0.933 0.871 Period 8 0.923 0.853 Period 9 0.914 0.837 Period 10 0.905 0.820 3% 0.971 0.943 0.915 0.888 0.863 4% 0.962 0.925 0.889 0.855 0.822 5% 0.952 0.907 0.864 0.823 0.784 6% 0.943 0.890 0.840 0.792 0.747 8% 10% 0.926 0.909 0.857 0.826 0.794 0.751 0.735 0.683 0.681 0.621 12% 0.893 0.797 0.712 0.636 0.567 0.877 0.769 0.675 0.592 0.519 16% 0.862 0.743 0.641 0.552 0.476 18% 0.847 0.718 0.609 0.516 0.437 20% 0.833 0.694 0.579 0.482 0.402 0.837 0.790 0.813 0.760 0.789 0.731 0.766 0.703 0.744 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.665 0.627 0.592 0.558 0.630 0.564 0.583 0.513 0.540 0.467 0.500 0.424 0.463 0.386 0.507 0.452 0.404 0.361 0.322 0.456 0.400 0.351 0.308 0.270 0.410 0.354 0.305 0.263 0.227 0.370 0.335 0.314 0.279 0.266 0.233 0.225 0.194 0.191 0.162 0.287 0.257 Period 110.896 0.804 Period 12 0.887 0.788 Period 130.879 0.773 Period 14 0.870 0.758 Period 15 0.861 0.743 0.722 0.701 0.681 0.661 0.642 0.650 0.585 0.625 0.557 0.601 0.530 0.577 0.505 0.555 0.481 0.527 0.429 0.350 0.497 0.397 0.319 0.469 0.368 0.290 0.442 0.340 0.263 0.417 0.315 0.239 0.229 0.205 0.183 0.237 0.208 0.182 0.160 0.140 0.195 0.168 0.145 0.125 0.108 0.162 0.135 0.137 0.112 0.116 0.093 0.099 0.078 0.084 0.065 Period 20 0.820 0.673 Period 25 0.780 0.610 Period 30 0.742 0.552 Period 40 0.672 0.453 0.554 0.478 0.412 0.307 0.456 0.375 0.308 0.208 0.377 0.295 0.231 0.142 0.312 0.215 0.149 0.233 0.146 0.092 0.174 0.099 0.057 0.097 0.046 0.022 0.104 0.059 0.033 0.011 0.073 0.038 0.020 0.005 0.051 0.024 0.012 0.003 0.037 0.016 0.007 0.001 0.026 0.010 0.004 0.001 Print Done | Reference Future Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 8% 1.080 1.166 1.260 1.360 1.469 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1.392 1.643 1.939 2.288 20% 1.200 1.440 1.728 2.074 2.488 2.986 3.583 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 1.419 1.504 1.594 1.689 1.791 1.587 1.714 1.851 1.999 2.159 1.772 1.949 2.144 2.358 2.594 1.340 1.407 1.477 1.551 1.629 1.710 1.796 1.886 1.980 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2.436 2.826 3.278 3.803 4.411 2.700 3.185 3.759 4.435 5.234 4.300 5.160 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 6.192 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.898 2.012 2.133 2.261 2.397 2.332 2.518 2.720 2.937 3.172 2.853 3.138 3.452 3.797 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.818 5.492 6.261 7.138 5.117 5.936 6.886 7.988 9.266 6.176 7.288 8.599 10.147 7.430 8.916 10.699 12.839 15.407 2.079 11.974 Period 20 Period 25 Period 30 Period 40 1.220 1.282 1.348 1.489 1.486 1.641 1.811 2.208 1.806 2.094 2.427 3.262 2.191 2.666 3.243 4.801 2.653 3.386 4.322 7.040 3.207 4.661 6.727 9.646 13.743 19.461 27.393 38.338 4.292 6.848 10.835 17.000 26.462 40.874 62.669 95.396 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 10.286 21.725 45.259 93.051 188.884 378.721750.378 1,469.772 Print Done