Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

unds Sant wants to the next years of work to travel around the world. She states her and cah needs at 526.000 heures rome will

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
unds Sant wants to the next years of work to travel around the world. She states her and cah needs at 526.000 heures rome will work odd car Bele we can rest er ingen 12 reseptor cik te conto view Present Value of $1 table) che con to Present out of Ontinary Annuity of 51 ) Click the loon to view Future Value of 51 ) Click the loon to view Ordinary Annuity of 51 ) Read the Requirement 1. How much money does Sarah need now to fund her role? (tound your new to the nearest whow deter) With the 12ta Satahes Requirement 2. Abot upanking with a number of banki, Sarat barns she will only be able to invest for hunds %. How much does she need now to und her teves 7 should you ever to be inest wie ma) We are no Sarah Sarah's swings are coming a low terest rate (ex. she will need to save more to be able to withdraw $28,000 per year Question 2 > Score: 0 of 10 points - X Reference Future Value of $1 9% Periods 1% 2% 3% 4% 5% 6% 7% 8% 10% 12% 14% 15% Period 1 1,010 1.020 1.030 1040 1.050 1.060 1.070 1080 1.090 1.100 1.120 1.140 1.150 Period 2 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 Period 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 Period 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1464 1.574 1.689 1.749 Period 5 1,051 1.104 1.159 1.217 1.276 1338 1.403 1.469 1.539 1.611 1.762 1.925 2011 Period 6 1.062 1.125 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1772 1.974 2.195 2313 Period 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 Period 8 1.083 1.172 1267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 Period 9 1.094 1.195 1.305 1.423 1.551 1689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 Period 10 1.105 1219 1.344 1.480 1.629 1791 1.967 2.159 2.367 2594 3.106 3.707 4,046 Period 11 1.116 1243 1.384 1.539 1.710 1898 2.105 2.332 2580 2.853 3.479 4226 4652 Period 12 1.127 1.268 1.428 1.601 1.796 2012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 Period 13 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 Period 14 1.149 1.319 1.513 1.732 1.980 2261 2.579 2.937 3.342 3.798 4887 6.261 7076 Period 15 1.161 1.346 1.558 1.801 2.079 2397 2.759 3.172 3.642 4.177 5.474 7.138 8.137 Period 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 Period 17 1.184 1400 1.653 1.948 2.292 2.6933.159 3.700 4.328 5.054 6.866 9.276 10.76 Period 18 1.198 1.428 1.702 2.026 2.407 2854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 Period 19 1.208 1.457 1.754 2 107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 1423 Period 20 1220 1.486 1.806 2.191 2653 3.207 3.870 4.661 5.604 6.727 9.646 13.74 16.37 Period 21 1.232 1516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 Period 22 1.245 1.546 1.916 2370 2.925 3.604 4.430 5.4376.659 8.140 12.10 17.86 21 64 Period 23 1.257 1.577 1.974 2465 3.0723.820 4.741 58717.258 8.954 13.55 20.36 24.89 Period 24 1270 1.608 2.033 2.563 3.225 4.049 5.072 6341 7.911 9.850 15.18 23.21 28 63 Period 25 1.282 1.641 2.094 2.666 3.386 4 292 5.427 6.848 8.623 10.83 17.00 26.46 32.92 Print Done hen Reference work of 51 of $1 es Sara a number d need Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0,980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.8260.797 0.769 0.756 0.743 0.718 0694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0497 0.476 0.437 0.402 Period 6 0942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0,596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 7 0.933 0.8710813 0.750 0.711 0.665 0.623 0.583 0.547 0.513 0452 0.400 0.376 0.354 0.3140.279 Period & 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 0351 0.327 0.305 0.266 0233 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 Period 10 0.905 0820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0270 0.247 0.227 0.191 0.162 Period 11 0.896 0.8040.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0237 0.215 0.1950.162 0.135 Period 12 0.887 0.788 0.701 0.625 0,557 0.497 0.444 0.397 0.356 0319 0.257 0.208 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 04690415 0368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0861 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 Period 15 0.861 0.743 0642 0.556 0481 0.417 0.362 0315 0.275 0.239 0.183 0.1400.123 0.108 0.084 0.065 Period 16 0853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0218 0.163 0.123 0.107 0.093 0.071 0.054 Period 17 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0270 0.231 0.1980.146 0.08 0.093 0.080 0.000 0.045 Period 18 0.846 0.700 0587 0.494 0416 0.350 0.296 0.250 0.212 0.180 0.130 0,095 0.081 0.089 0.05 0.038 Period 19 0.828 0.586 0.570 0.475 0.396 0331 0277 0232 0.194 0.164 0.116 0.083 0.070 0.000 0.043 0.031 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0258 0.215 0.178 0.149 0.104 0.073 0061 0.051 0.037 0.025 Period 21 0.811 0.660 0.538 0.439 0.359 0.2040.242 0.19 0.164 0.135 0.093 0.054 0.053 0.044 0.031 0.022 Period 22 0.003 0.647 0.522 0422 0.342 0278 0.226 0.184 0.150 0.123 0.000 0.056 0.046 0.038 0.028 0.018 Period 23 0.795 0.634 0.507 0.406 0.326 0262 0.211 0.1700.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 Period 24 0.788 0.622 0492 0.390 0310 0.247 0.197 0.158 0.126 0.1020066 0.043 0.035 0.025 0.019 0.013 Period 25 0.750 0.610 0.478 0.375 0.295 0.250 0.184 0.146 0.116 0.092 0.050 0.038 0.030 0.024 0,015 0.010 er interest Print Done It fields and then uculator - X k to travel Reference 1 table.) table) 6% sarah need no mber of banks to the nel ad Future Value of Ordinary Annuity of S1 Periods 1% 2% 3% 4% 5% 7% 8% 9% 10% 12% 14% 15% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2020 2030 2040 2.050 2060 2070 2080 2090 2.100 2.120 2.140 2.150 Period 3 3.030 3.0603.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 Period 4 4.060 4.122 4.184 4246 4310 4375 4440 4.506 4573 4.641 4.779 4.921 4993 Period 5 5.101 5.2045.309 5.416 5.526 5,637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 Period 6 6,152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7523 7716 8.115 8.536 8.754 Period 7 7214 7.4347.662 7898 8.142 8.394 8.654 8.923 9.200 9.487 10.09 10.73 11.07 Period 8 8.286 8.583 8.892 9214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 Period 9 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 Period 10 10.46 10.95 1146 12.01 12.58 13.18 13.82 14.49 15.1915.94 17.55 19.34 20.30 Period 11 11.57 12.17 1281 13.49 14 21 14.97 15.78 16,65 17.56 18.53 20.65 23.04 24.35 Period 12 12.88 1341 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 Period 13 13.81 14.58 15.62 1663 17.7118.88 20.14 21.50 22.95 2452 28.03 3209 34.35 Period 14 14.96 15.97 17.09 18.29 19.60 21.02 2255 2421 26.02 27.98 32,39 37.58 40.50 Period 15 16.10 1729 18.60 2002 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 Period 16 17.26 1864 20.16 2182 2266 25.67 27.89 3032 33.00 35.95 42.75 50.98 55.72 Period 17 18:43 2001 21.76 23.70 284 2821 30.84 33.75 36.97 4054 48.88 59.12 6508 Period 18 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41,30 45 60 55.75 68.39 75.84 Period 19 20.81 2284 25.12 27 67 30 54 3376 37 38 41 45 46.02 51.16 63 44 78.97 88.21 Period 20 22.02 24.30 26.87 29.7833.07 36.79 41.00 4576 51.16 57.28 72.05 91,02 1024 Period 21 23 24 25 78 28.68 31.9735.72 39.99 44 87 50.42 56.76 64.00 81.70 104.8 118.8 Period 22 2447 27 30 30,54 34 25 38.51 43.39 49.01 5546 62.87 7140 92 50 120.4 1376 Period 23 2572 28.85 32.45 36.62 4143 47.00 53.44 6089 69.53 79.54 1046 138.3 159.3 Period 24 26.97 30.42 34 43 39.08 44.50 50.82 58.18 66.76 78 79 88.50 118 2158.7 1842 Period 25 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.11 B470 9835 1333 181.9 2128 terest rate (6% als and then continue Print Done ko Reference off work of 5 e of S1 oes Sara Beds n a number ild need Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0,980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 1.970 1.942 1913 1886 1859 1.8331.808 1.783 1.759 1736 1.690 1647 1626 1.605 1.566 1.528 Period 3 2.9412.884 2829 2.775 2723 2.673 2624 2.577 2.531 2487 2402 2322 2283 2246 2174 2106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2798 2.690 2589 Period 5 4853 4713 4580 4452 4329 4212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2 991 Period 6 5.795 5.601 5417 5.242 5.076 4.917 4.767 4.623 4486 4,355 4.111 3.889 3.784 3.685 3.499 3.326 Period 7 6.728 6.472 6230 6.002 5.786 5582 5.389 5.206 5.033 4.868 4564 4288 4.160 4.099 3.812 3.605 Period 8 7,652 7325 7020 6.733 6.463 62105.971 5.747 5.535 5335 4.968 4639 4.487 4.344 4.078 3837 Period 9 8.565 8.562 77867.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4772 4.607 4.303 4031 Period 10 9471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5216 5.019 4833 4494 4.192 Period 11 10.368 9.787 9.253 8.760 8.30678877499 7139 6 B05 6495 5.938 5.453 5.234 50294656 4327 Period 12 11.255 10.575 9.954 9.385 8.8638.384 7.943 7538 7.161 6.814 6.194 5.660 5.421 5.197 4793 4439 Period 13 12.134 11 348 106359.986 9.3948.853 8.358 7.904 7487 7.103 6.424 5.842 5583 5.3424.910 4.533 Period 14 13.004 12 106 11.296 10.563 9.899 9.295 8.745 8244 7.78673676.628 6.002 5.724 5.468 5.008 4611 Period 15 13.865 12 849 11.938 11.118 10.3809712 9.108 8.559 8.061 7.606 6,811 6.142 5.847 5.575 5.092 4.675 Period 16 14.718 13.578 12.561 11652 10.838 10.106 9.447 8.851 8.3137824 6.974 6.265 5.954 5.669 5.162 4730 Period 17 15.562 14.292 13.566 12.166 11.274 10.477 9763 9.122 8,544 8022 7.120 6.373 6047 5.749 5.222 4.775 Period 18 16.398 14.992 13.754 12659 11.090 10.828 10.059 9372 8.756 8.2017.250 6.467 6.128 5.818 52734.812 Period 19 17 226 15.678 14.32413.134 1208511.158 10.336 9604 8.950 8.365 7.366 6.550 6.198 5.877 5316 4.844 Period 20 18.046 16351 14877 13500 12.462 11.470105949.818 9.129 8,514 7469 6.623 6.259 5.929 5.353 4.870 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.01792928.649 7562 6.6876.3125.973 5.384 4.891 Period 22 18.660 17.658 15.937 14.451 13.163 12.042 11.051 10 201 9.442 8.772 7645 6.743 6,359 60115.410 4909 Period 23 20.456 18.292 16444 14857 13.489 12.303 11 272 10.371 9.5808.883 7718 6.792 6.399 6.044 5432 4925 Period 24 21.243 18.914 16.935 15.247 13.799 12.550 11489 10.529 9.7078.995 7.7846.835 6.434 8.073 5.451 4937 Period 25 22.023 19.523 17413 15.622 14.094 12.783 11 654 10.875 9.8239.077 7843 6.873 6.484 6.097 5.467 4948 wer interest it fields and ther Print Done alculator

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

IT And European Bank Performance

Authors: E. Beccalli

1st Edition

0230006949, 9780230006942

More Books

Students also viewed these Accounting questions

Question

In Exercises 1140, find both first partial derivatives. Z x2 +y2

Answered: 1 week ago