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 $1,500 in an interest-bearing account at the rate of 12% 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 $ * More Info 1. Suppose you invest a sum of $1,500 in an interest-bearing account at the rate of 12% 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 $135,000 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 $2,000 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 $51,500 at that time. How much money do you need to invest each year in an interest-bearing account at the rate of 6% per year to accumulate the purchase price? Print Done Enter any number in the edit fields and then click Check Answer Present Value of $1 Periods 5 6 7 1% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 0.914 0.905 0.896 0.887 0.879 0.870 0.861 0.820 0.780 0.742 0.672 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 0.804 0.788 0.773 0.758 0.743 0.673 0.610 0.552 0.453 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.554 0.478 0.412 0.307 4% 5% 6% 0.962 0.952 0.943 0.925 0.907 0.890 0.889 0.864 0.840 0.855 0.823 0.792 0.822 0.784 0.747 0.790 0.746 0.705 0.7600.7110.665 0.731 0.677 0.627 0.703 0.645 0.592 0.676 0.614 0.558 0.650 0.585 0.527 0.625 0.557 0.497 0.601 0.530 0.469 0.577 0.505 0.442 0.555 0.481 0.417 0.456 0.377 0.312 0.375 0.295 0.233 0.308 0.231 0.174 0.208 0.142 0.097 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.215 0.146 0.099 0.046 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.149 0.092 0.057 0.022 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.104 0.059 0.033 0.011 14% 16% 0.877 0.862 0.769 0.743 0.675 0.641 0.592 0.552 0.519 0.476 0.456 0.410 0.400 0.354 0.3510.305 0.308 0.263 0.270 0.227 0.237 0.195 0.208 0.168 0.182 0.145 0.160 0.125 0.140 0.108 0.073 0.051 0.038 0.024 0.0200.012 0.005 0.003 18% 20% 0.847 0.833 0.7180.694 0.609 0.579 0.516 0.482 0.437 0.402 0.370 0.335 0.3140.279 0.266 0.233 0.225 0.194 0.191 0.162 0.162 0.137 0.112 0.116 0.093 0.099 0.078 0.084 0.065 0.037 0.026 0.016 0.010 0.007 0.004 0.001 0.001 0.135 Future Value of $1 Periods 16% 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 8% 1.080 1.166 1.260 1.360 1.469 10% 1.100 1.210 1.331 1.464 1.611 14% 1.140 1.300 1.482 1.689 1.925 20% 1.200 1.440 1.728 2.074 2.488 OVOGOWN 2.986 18% 1.180 1.392 1.643 1.939 2.288 2.700 3.185 3.759 4.435 5.234 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 6% 1.060 1.124 1.191 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.012 2.133 2.261 2.397 3.207 4.292 5.743 10.286 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.340 1.407 1.477 1.551 1.629 1.710 1.796 1.772 1.949 2.144 2.358 2.594 12% 1.120 1.254 1.405 1.574 1.762 1.974 2.211 2.476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 9.646 17.000 29.960 93.051 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 1.160 1.346 1.561 1.811 2.100 2.436 2.826 3.278 3.803 4.411 5.117 5.936 6.886 7.988 9.266 2.195 2.502 2.853 3.252 3.707 4.226 4.818 5.492 6.261 7.138 2.853 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.886 6.176 7.288 8.599 10.147 11.974 3.583 4.300 5.160 6.192 7.430 8.916 10.699 12.839 15.407 38.338 95.396 237.376 1,469.772 OG 3.138 3.452 3.797 4.177 6.727 10.835 17.449 45.259 1.220 1.282 1.348 1.489 1.486 1.641 1.811 2.208 1.806 2.094 2.427 3.262 1.980 2.079 2.653 3.386 4.322 7.040 2.191 2.666 3.243 4.801 4.661 6.848 10.063 21.725 13.743 26.462 50.950 188.884 19.461 40.874 85.850 378.721 27.393 62.669 143.371 750.378 Periods Present Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.6901.647 1.605 1.566 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 5.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 4.288 4.039 3.812 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 4.946 4.607 4.303 9.471 8.983 8.530 | 8.111 7.722 7.360 6.710 6.145 5.650 5.216 4.833 | 4.494 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 | 5.938 | 5.453 5.029 4.656 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.1945.660 5.1974.793 12.134 11.348 10.635 9.986 9.394 8.853 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 7.3676.6286.0025.468 5.008 13.865 12.849 11.938 11.118 10.380 9.712 8.559 | 7.606 6.811 6.142 5.575 5.092 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 5.929 5.353 22.023 19.523 17.413 15.622 14.094 12.783 10.675 | 9.077 | 7.843 | 6.873 6.097 | 5.467 25.808 22.396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.003 6.177 5.517 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.779 | 8.244 7.105 6.233 5.548 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 12 13 14 4.327 4.439 4.533 4.611 4.675 30 40 4.870 4.948 4.979 4.997 Periods 5% 1.000 2.010 3.030 4.060 5.101 2% 1.000 2.020 3.060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 4% 1.000 2.040 3.122 4.246 5.416 12% 1.000 2.120 3.374 4.779 6.353 3.246 6.152 7.214 8.286 9.369 10.462 6.308 7.434 8.583 9.755 10.950 6.468 7.662 8.892 10.159 11.464 Future Value of Annuity of $1 L6% 8% 10% 1.000 1.000 1.000 1.000 2.050 2.060 2.080 2.100 3.153 3.184 3.310 4.310 4.375 4.506 4.641 5.526 5.637 5.867 6.105 6.802 6.975 7.336 7.716 8.142 8.394 8.923 9.487 9.549 9.897 10.637 11.436 11.027 11.491 12.488 13.579 12.578 13.181 14.487 15.937 14.207 14.972 16.645 18.531 15.917 16.870 18.977 21.384 17.713 18.882 21.495 24.523 19.599 21.015 24.215 27.975 21.579 23.276 27.152 31.772 33.066 36.786 45.762 57.275 47.727 54.865 73.106 98.347 66.439 79.058 113.283 164.494 120.800 154.762 259.057 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 8.115 10.089 12.300 14.776 17.549 14% 16% 1.000 1.000 2.140 2.160 3.440 3.506 4.921 5.066 6.610 6.877 8.536 8.977 10.730 11.414 13.233 14.240 16.085 17.519 19.337 21.321 23.045 25.733 27.271 30.850 32.089 36.786 37.581 43.672 43.842 51.660 91.025 115.380 181.871 249.214 356.787 530.312 1,342.0252,360.757 18% 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23.521 28.755 34.931 42.219 50.818 60.965 146.628 342.603 790.948 4,163.213 20% 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16.499 20.799 25.959 32.150 39.581 48.497 59.196 72.035 186.688 471.981 1,181.882 7,343.858 11.567 12.683 13.809 14.947 16.097 22.019 28.243 34.785 48.886 12.169 13.412 14.680 15.974 17.293 24.297 32.030 40.568 60.402 12.808 14.192 15.618 17.086 18.599 26.870 36.459 47.575 75.401 20.655 24.133 28.029 32.393 37.280 72.052 133.334 241.333 767.091 29.778 41.646 56.085 95.026