Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) Annual Deposit Rate

image text in transcribedimage text in transcribed

Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) Annual Deposit Rate of Return Number of Years Investment Value at the End of Time Period Total Amount of Investment Total Amount of Earnings 10 1,200 1,200 1,200 1,200 4% 7% 6% 30 30 9% Exhibit 1-B Future Value (Compounded Sum) of $1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity) Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 2 2.03 205 2.06 207 2.09 2.09 2.11 3.342 3.153 3.215 202 3.05 4.122 5204 3.091 4.184 201 3.03 4.06 5101 6.152 .214 204 3.122 4.246 5416 4.31 3.184 4.375 5637 3.245 4.505 5867 2.1 3.31 4.641 6106 3.278 4573 5985 4.71 6 5526 6751 6228 6 6.308 6.633 6.802 6.975 7.153 7.335 7.716 7 913 5309 6.468 7.662 B.192 7.523 9.2 7 7 8.142 8.394 8.654 9.783 7.434 9.583 9.487 1 1436 B 8.206 9.214 9549 9.097 10 26 11.026 11.059 9 9 .369 9.755 10.583 11.027 11.191 11.978 14.161 13 816 10 11 10.462 11.567 10.95 12.169 10.159 11.454 12.808 14 192 12.006 13.486 12.578 14.207 15 917 13.021 15.193 17.56 175 13.579 15.937 18.531 16.722 19.561 22713 13 412 10.637 12.489 14.487 16.645 18 977 21.495 24.215 27.152 30.324 14.68 15.618 16.627 26.212 17.066 18.292 30.095 18.181 14.972 1687 18.882 21.015 23 276 25.673 28.213 30.906 3376 20141 22.953 26.019 20 361 33.003 17.713 19.599 21.579 23.657 25.84 28.132 30 539 15.784 17 898 20.141 22.55 25.129 27 898 30.84 33.999 37 379 12 12 683 13 13.809 14.947 15 16.097 16 17.258 17 18.43 19.615 1920811 20 22.019 25 28.243 30 34.705 40 18.886 50 64.463 21 394 24.523 27.975 31.772 35.96 15.974 17.293 19.639 20.012 21.412 22 941 34.405 39.19 36.974 41.301 40.545 45.599 1 159 44.501 50.396 56 929 5 1 .599 20.157 21.762 23.414 25 117 25.87 36.459 47.575 7 5401 112.797 20.024 21.825 23.698 25.645 27 671 29.778 41.646 56.005 96026 152.667 64.203 24.297 32.03 40.569 6 0:402 84.579 33.065 47.727 66.439 1 20.9 209.343 36.786 54.865 79.056 154.762 290.336 40.995 63.249 94.461 199.636 406.529 33.75 37.45 41 446 45.762 73.105 113 263 259,057 573.77 46 018 51.16 84.701 136 300 337 982 815.084 57.275 98.347 164.494 412.583 1163.909 114.413 199.021 581.825 1668.771 Period 12% 13% 14% 15% 16% 17% 18% 19% 20% 25% 30% 2 2 .12 2.13 2.14 2.15 2.16 2.18 2.19 22 23 2.17 3.639 3 3.374 3.44 3.473 3.505 3.64 3.407 465 3.572 5.215 225 3.813 5.766 3.99 6.187 4 4.779 5.141 5.368 4.921 661 5.066 6877 6 6 742 9043 6 8 6353 .115 10.089 12.3 8.323 10.405 12.757 15:116 12.756 17.583 7 B 3.605 5.291 7297 9.683 12.523 15 902 19.923 8.536 10.73 13 233 16.085 19.337 23.045 8.754 11.067 13.727 16.786 20.304 24349 11.414 1424 17.519 - 7442207 11.259 12.916 15.073 16 490 19.142 20.799 25.802 70147 154 9.207 9.442 11.772 12.142 14.773 15.327 18.285 19.096 22.993 23.521 27.2 28.755 23.850 9 1 4.776 32.015 10 17.549 10.42 24.709 21.321 25.733 42.619 56.405 11 20.656 21.814 25.900 32.15 39 581 30.404 33.253 42.566 54208 68.76 25 65 32 924 74327 27 271 32.089 29 002 3 4.352 29.985 97.625 12 13 14 15 16 24 133 28.029 32.393 3720 12.753 34.383 40 417 34 931 42.219 50.818 60.965 37.581 43.842 30 85 35.785 43.672 51 GS 60.925 4 0.505 47.58 39.404 47.103 56.11 66.649 16.672 72.999 17 48.884 71,673 53.789 61.725 70 749 84.141 50.98 59.118 68.394 78 969 91.025 181.871 3 56.787 18 19 20 25 30 3719 45.244 54.841 66.261 79.85 95.022 115.265 139 166 1 65.418 402.042 966 712 56.717 66.075 75.836 98 212 102.444 212.793 434.745 55.75 6 3 44 72.052 133.334 2 41.333 48.497 59.196 72035 87.442 105.931 128. 117 154 74 186.688 471.981 1161.982 78.979 93.406 110 285 130.033 292.105 647.439 8 7.058 103.74 123 414 146.628 342.603 790.948 86.949 109.607 138.109 173.636 218.045 272 556 342.945 1054.791 3227.174 127.913 167 206 218.472 285.014 371.518 483 973 630.165 2 348.803 9729.965 99 603 115.38 249.214 530 312 80.947 155.62 2 93. 199 40 50 767 091 2400.018 1 013.704 3 459.507 1 342 025 4994.521 1779.09 7217.716 2360.757 10485.649 3 131.522 15089.502 4163 213 21813.094 5629.829 31515.335 7343.868 45497.191 30098 656 280256.698 120392 883 1699760.743

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

Finance Applications And Theory

Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair

3rd International Edition

1259252221, 9781259252228

More Books

Students also viewed these Finance questions