You estimate that you can save $10,900 by selling your home yourself, rather than using a real estate agent. What is the future value of that amount if invested for five years at 8 percent compounded annually? Use Exhibit 1B-1. (Round time value factor to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $
an Annuity) pv-- PV Period 3% 0.990 0950 0.871 IN ONTS 1970 1.942 1813 1850 3 2941 2.884 2.809 2.775 4 3.900 3.806 3717 3.430 6 4.713 4.320 6 5.796 5601 6.417 7 6.728 6472 6.200 8 7462 7.000 9 8.506 8.10 7.795 7.435 7.1058 10 8.980 8.000 7.728 11 10.308 8.787 8700 8.306 12 11.355 10.575 8.964 13 12.134 11.348 13.004 12.106 11296 16 13.866 12800 11.930 11.118 20,20) 16 14.718 13.578 10. 17 1552 14292 13.166 11.274 18 16.366 14.02 13.754 10 17.20 15.678 14324 30 18.00 16351 148TT 12.00 17.413 14001 12783 25.808 22.306 19.400 16.372 13.305 25.230 18.1 30 40 17.200 10.700 21.482 Bach Penod 9% 10% 0.943 FOG Gre 0917 0.900 0.901 1,830 1506 1.783 1.759 1.736 1713 2013 201 2.487 2.444 3.312 3210 3.170 3.10 4.212 6.100 3.000 3.800 3701 4767 4.356 4.231 160 6.380 6.201 4.808 4712 6.210 GUTI 6.336 5800 5.1995 5.750 7.001 6710 6.418 6.145 TAST 7.00 6.905 6.416 8.384 7.83 7.50 7.161 6.814 6.410 7.001 7.487 7.100 6.750 7367 6.962 9.106 8.560 7.806 7.191 10.105 2.447 8.661 7.824 7:2379 10.477 0769 8.641 7.549 1080 10.009 P.372 8:301 7.70 11.158 10.336 8.36 TAW 11:470 10.394 8.818 9.129 8.514 7.960 11.454 9.077 12.400 11.258 30.274 9.427 8.604 30.767 9.779 8064 16.982 13.901 100422 9.915 9.042 Periods 12% 0.860 1.000 2.000 3.007 3.006 4111 4.564 4.000 5.808 6.194 6424 6811 6.974 7.100 7.30 7.000 7.861 8.066 8.244 Exhibit 1B-1 Future Value (Compounded Sum) of $1 After a Given Number of Time Periods V = PV(1 + 1)^ Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 2 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 5 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 6 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 8 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1.993 9 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 11 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 12 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 13 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 15 1.161 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 17 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 19 1.208 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 6.116 11% 1.110 1.232 1.368 1.518 1.685 1.870 2.076 2.305 2.558 2.839 3.152 3.498 3.883 4.310 4.785 5.311 5.895 6.544 7.263
