Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TABLE 1 Future Value of $1 FV = $1(1+i) n/i 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0%

TABLE 1 Future Value of $1 FV = $1(1+i)" n/i 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 1.07000 1.08000 1.09000 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 1.12360 1.14490 1.16640 1.18810 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971 1.29503 4 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882 1.26248 1.31080 1.36049 1.41158 5 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696 1.33823 1.40255 1.46933 1.53862 6 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 1.41852 1.50073 1.58687 1.67710 7 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 1.36086 1.40710 1.45468 1.50363 1.60578 1.71382 1.82804 8 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469 1.59385 1.71819 1.85093 1.99256 9 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 1.61909 1.68948 1.83846 1.99900 2.17189 10 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889 1.70814 1.79085 1.96715 2.15892 2.36736 11 1.11567 1.17795 1.24337 1.31209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 2.10485 2.33164 2.58043 12 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 2.01220 2.25219 2.51817 2.81266 13 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 2.13293 2.40985 2.71962 3.06580 14 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 2.26090 2.57853 2.93719 3.34173 15 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 2.75903 3.17217 3.64248 16 1.17258 1.26899 1.37279 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 2.35526 2.54035 2.95216 3.42594 3.97031 17 1.18430 1.28802 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 2.69277 3.15882 3.70002 4.32763 18 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 2.85434 3.37993 3.99602 4.71712 19 1.20811 1.32695 1.45681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 3.02560 3.61653 4.31570 5.14166 20 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 3.20714 3.86968 4.66096 5.60441 6.65860 21 1.23239 1.36706 1.51567 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 3.39956 4.14056 5.03383 6.10881 22 1.24472 1.38756 1.54598 1.72157 1.91610 2.13151 2.36992 2.63365 2.92526 3.24754 3.60354 4.43040 5.43654 23 1.25716 1.40838 1.57690 1.76461 1.97359 2.20611 2.46472 2.75217 3.07152 3.42615 3.81975 4.74053 5.87146 24 1.26973 1.42950 1.60844 1.80873 2.03279 2.28333 2.56330 2.87601 3.22510 3.61459 4.04893 5.07237 6.34118 7.91108 25 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.81339 4.29187 5.42743 6.84848 8.62308 7.25787 30 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 5.74349 7.61226 10.06266 13.26768 35 1.41660 1.68388 1.99989 2.37321 2.81386 3.33359 3.94609 4.66735 5.51602 6.51383 7.68609 10.67658 14.78534 20.41397 40 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 10.28572 14.97446 21.72452 31.40942 45 1.56481 1.95421 2.43785 3.03790 3.78160 4.70236 5.84118 7.24825 8.98501 11.12655 13.76461 21.00245 31.92045 48.32729 50 1.64463 2.10524 2.69159 3.43711 4.38391 5.58493 7.10668 9.03264 11.46740 14.54196 18.42015 29.45703 46.90161 74.35752 12.0% 13.0% 11.0% 1.10000 1.11000 1.12000 1.13000 1.21000 1.23210 1.25440 1.27690 1.33100 1.36763 1.40493 1.44290 1.46410 1.51807 1.57352 1.63047 1.61051 1.68506 1.76234 1.84244 1.77156 1.87041 1.97382 2.08195 1.94872 2.07616 2.21068 2.35261 2.14359 2.30454 2.47596 2.65844 2.77308 3.00404 2.83942 3.10585 3.39457 2.35795 2.59374 2.55804 2.85312 3.15176 3.47855 3.83586 3.13843 3.49845 3.89598 4.33452 3.45227 3.88328 4.36349 4.89801 4.17725 4.78459 3.79750 4.31044 4.88711 5.53475 5.47357 6.25427 4.59497 5.31089 6.13039 7.06733 5.05447 5.89509 6.86604 7.98608 5.55992 6.54355 7.68997 9.02427 6.11591 7.26334 8.61276 10.19742 6.72750 8.06231 9.64629 11.52309 7.40025 8.94917 10.80385 13.02109 8.14027 9.93357 12.10031 14.71383 8.95430 11.02627 13.55235 16.62663 9.84973 12.23916 15.17863 18.78809 13.58546 17.00006 21.23054 10.83471 17.44940 22.89230 29.95992 39.11590 28.10244 38.57485 52.79962 72.06851 45.25926 65.00087 93.05097 132.78155 72.89048 109.53024 163.98760 244.64140 117.39085 184.56483 289.00219 450.73593 Brief Exercise C-4 Calculate the future value of a single amount (LOC-2) Calculate the future value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Initial Investment Answer is not complete. Period Invested Annual Rate Interest Compounded Future Value 1. $ 6,400 10 % Annually 7 years $ 12,471.81 2. 4,400 12 % Semiannually 4 years 10,894.22 x 3. 7,400 8 % Quarterly 4 years

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

Step: 3

blur-text-image

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

Becoming An Unstoppable Woman In Finance 29 Strategic Financial Experts

Authors: Hanna Olivas, Adriana Luna Carlos, Heather Stokes, Lisa Chastain, Jennifer Lara, Shannon Lavenia, Althia Lopez, Heather Jackson, Annette Morris, Rebecca Chandler

1st Edition

979-8986936703

More Books

Students also viewed these Accounting questions

Question

The amount of work I am asked to do is reasonable.

Answered: 1 week ago

Question

The company encourages a balance between work and personal life.

Answered: 1 week ago