Tim Howard has been offered the opportunity of investing $45,900 now. The investment will carn 6% per year and at the cnd of that time will return Tim $82,200 Click here to vicw the factor table Future Valuc of 1 Click here to view the factor table Future Valuc of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 For calculation purposes, use 5 decimal places as displayed in the factor table provided) How many years must Tim wait to receive $82,200? (Hint: Use Table 3.] (Round answer to Odecimal places, eg. 25) I im must wait Table 1 Future Value of 1 Table 2 Future Value ofan Annuity of1 10% 12% 15% 10% 15% 0 1 00000 100000 00000 00000 100000 100000 100000 1000 0000 00000 0000 1.00 1.00O .000 1.00 1.000 1.000 0000 0 1.00000 1104000 1.03000 1.06000 TOUO 1.0su0 1.09000 1.10000 1.11000 1.12000 1.15000 04000 205000 20000 20700 208000 20900 210000 211000 1200015000 2 08160 110250 1230 4490 11640 18810 121000 123210 25440 32250 12160 3.15150 3.18360 32149 3.24610 3.810 31000 334210 3.34403.4250 3112486 11563 1.19102 2150 1.1597 1.29503 1.33100 1.363 40933208 24646 41013 7462 4 4399 450 457313 4100 40973 77933499338 4 6986 1215 26248 31080 136049 41158 146410 151807 573 790 4163 .32563 5.6309 .7507 5.56660 .9471 6.10510 22780 6.35135 6.74138 5 121655 1.27618 1.33823 .40253 1.46933 1536 1.61051 1.68506 6234 1.01135 tS63798 680191 697532 71531 733597 752334 771561 791286 811519 75374 26532 1.34010 41852 50073 158687 17710 177156 187041 1 97382 23130r6 .89829 8.14101 8.3934 .6540 8.92 9.20044 9.481 9.78327 10.0901 11.06630 131593 1.4010 1.50363 6057 1.132 1.82504 1.982 2.07616 12106 2.66002 9214 954911 989747 10 2598 10 63663 11 08471589 8594 12 29969 13 72682 8 36857 147746 159385 71819 185093 9925 214359 2.30454 2 47596 305902 1058280 11.02656 11.49132 190 12.48756 13.02104 135794 14.1639 14.77566 16.78584 9142331 1.55133 1.68948 83346 1.99900 2.17189 2.35795 2.503 1.77308 3.51TSS 12 002 57789 3.18079 13 8164 14 4865 519293 159374 1 7220 17.54874 20 30372 10 148024 162889 79085 196715 2.15892 236736 259374 283942 310585 56 13.48632 14.20679 14.97164 15.7836 16.64549 17.26029 18.53117 19.56143 20.6545 24.34928 11 1 53945 1.103 .9830 110183 2.33164 25043 2.83312 3.15176 347855 4.65139 15 0258 1591713 68994 17 8885 1897713 20 14072 2138428 22.71319 24133132900167 12 160103 1.7958 201220 225219 2.51817 281267 3.13843 3.49845 389598 5.35025 16.62684 17.1198 18.88214 20.1406 21.4953 12.95339 24.51271 26.21164 28.02911 34.35192 13 166507 1.83565 2.13193 1.40983 2.71962 3.0651 3.45227 3.88328 436349 6.15179 8 2919 19 5983 21.01507 25505 1492 2601919 2797498 3009492 32.3920 40 50471 14 73168 197993 226090 257853 293719 334173 3.79750 .31044 4887 707571 LS 20.02359 21.57856 23.27597 25.1290 27.15211 29.36092 31.77248 34.40536 37.27972 47.38041 15 1.80094 2.07893 2.39656 1.75903 3.17217 3.64248 4.172 4.78459 54735T.13T06 16 21 82453 2365749 25.67253 27 8881 30 32428 33.00340 3594973 39 18995 42.75328 55.71747 16 187298 218287 254035 295216 342594 397031 459497 531089 613039 9352 1 23.697 25.34037 18.11288 30.8402 33.75023 36.9351 40.54470 44 50084 48.88367 65.07509 17 194790 2.19202 2.6917 3.15S82 3.TO002 4.3263 5.05447 5.9509 6.8660 10.76126 18 25 6454 28 13238 3090565 339990 37.45024 41.30134 4559917 50 39593 55.7972 7583636 18 202582 2.40662 285434 3.37993 399602 471712 5.55992 6.54355 768997 2.37545 19 2767123 30.53900 33.T5999 3.3790 41.44626 46.01846 51.15909 56.93949 63.43968 21131 19 2-10685 2.52695 3.02560 3.61653 4.31570 .14166 6.11591 7.26334 8.61276 14.23177 20 2977808 3306595 3678559 409955 4576196 5116012 5727500 64 20283 7205244 102 44358 20 2.19112 2.65330 3.20714 3 86968 4.650 50441 672750 8.06231 96429 1636654 Table 3 Present Value of 1 Tabla 4 P 49n 5% 6% 7% 8% 9% 10% 11% 12% 15% 10% % 12% 15% 1 96154 95233 94340 3453 9193 143 999 90090 89286 86957 94340 93458 92593 9143 90909 90090 89286 8957 2 97456 90703 89000 87344 85734 8416 R2645 81162 79719 75614 1.8809 1.85941 1.83339 1.80802 1.78326 .791 1.73554 171152 1.69005 1.62571 3 890 B6384 83962 B1630 9383 77213 13 .73119 .71173 55732 2.77509 272325 267301 .432 257710 253130 248685 244371 2.40183 2.28323 4 RS480 R2270 79209 76290 73503 70843 68301 63873 63552 7175 61990 3.54595 3.46511 3.38711 3.31113 323972 3.16956 3.10145 3.0373 2.85498 5 82193 .78353 74726 1299 53053 54993 51092 59345 5643 49T13 44518 432948 21236 4 10020 399271 3 88965 3.79079 39590 360478 3.35216 6 79031 74622 70496 66634 63017 59627 56447 53464 0663 43233 224214 .07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 75992 1053 56506 51275 58349 54703 51316 48166 45235 37594 6 00205 5.78637 5.58238 538929 5.20637 503295 486842 41220 456376 .16042 8 73059 7684 274 58201 54027 50187 46651 43393 40388 32690 6.73274 6.46321 6.1099 5.9130 5.746 553482 5.33493 5.14612 496761 .48732 9 .70259 .64461 ,59190 54393-50025 .46043 .42410 .39092 .36061 .28426 43533 710782 809 6.51523 624689 599525 5.75902 553705 532825 4.77158 10 7556 139 55839 50835 46319 42241 38554 35218 32197 24719 S.11090 7.72173 7.36009 7.02358 6.7100 6.41766 6.1445 5.38923 .65022 5.01877 11 54953 58463 52679 4SU9 41383 38753 35049 3172 28743 21494 8.76048 830641 88687 7 49867 7.13896 80519 .49506 620652 593770 5.23371 12 62460 5684 49697 44401 39711 35554 31863 28584 25668 18691 12 938507 8.36325 .38394 7.91269 7.5360 16073 6.81369 6.49236 6.19437 5.12062 1350057 53032 4684 41496 36770 31618 28956 2575 2291716253 998565 939357 885268 8.35765 7.90378 74890 .10336 674987 642355 5.58315 14 57748 50507 44230 38782 34046 29925 26333 23199 20462 14133 10.56312 9.8981 9.19198 8.74517 8.24124 7.7861 7.36669 6.981S7 6.62817 5.72418 1555526 48102 4127 36245 31524 27454 23939 20900.18270 12289 15 839 10376 9.71225 9.10791 855948 806069 008 719087 681086 584737 16 53391 458 39365 33873 29189 25187 21763 18829 16312 10687 16 165230 10.83777 10.10590 9.11665 8.85137 31256 7.8231 7.3916 6.97399 5.95124 17 51337 43630 37136 31657 27027 23107 19T85 1695314564 09293 12.16567 1127407 10.47736 9 76322 91214 854363 8.02155 754879 7.1193 04716 18 49363 41552 35034 29586 25025 21199 17986 15282 13004 0808 1S 12.65930 11.6899 10.82760 10.03909 9.37139 8.75563 .2011 7.70162 7.21967 6.12797 1947464 39573 33051 27615 23171 19449 16351 13763 111 07027 13.13394 1208532 1115812 10.33560 96030 895012 8.36492 783929 736578 .19833 20 539 37689 31180 25842 21455 17843 1484 12403 10367 06110 20 13.59033 12.46221 11.16992 10.59101 9.81S15 9.1285 8.51356 7.96333 7.46944 6.25933
