You estimate that you can save $7,100 by selling your home yourself, rather than using a real estate agent. What is the future value of that amount if invested for five years at 9 percent compounded annually? Use Exhibit 1B-1. (Round time value factor to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value LA Exhibit 1B-1 Future Value (Compounded Sum) of $1 After a Given Number of Time Periods FV = 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 20 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 25 1.282 1.641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 30 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.063 13.268 40 1.489 2.208 3.262 4.801 7.040 10.286 14.974 21.725 31.409 50 1.645 2.692 4.384 7.107 11.467 18.420 29.457 46.902 74.358 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 6.727 10.835 17.449 45.259 117.390 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 8.062 13.585 22.892 65.001 184.570 Exhibit 1B-1 (concluded) Period 12% 13% 14% 15% 1 1.120 1.130 1.140 1.150 2 1.254 1.277 1.300 1.323 3 1.405 1.443 1.482 1.521 4 1.574 1.630 1.689 1.749 5 1.762 1.842 1.925 2.011 6 1.974 2.082 2.195 2.313 7 2.211 2.353 2.502 2.660 8 2.476 2.658 2.853 3.059 9 2.773 3.004 3.252 3.518 3.106 3.395 3.707 4.046 3.479 3.836 4.226 4.652 3.896 4.335 4.818 5.350 4.363 4.898 5.492 6.153 4.887 5.535 6.261 7.076 5.474 6.254 7.138 8.137 6.130 7.067 8.137 9.358 6.866 7.986 9.276 10.761 7.690 9.024 10.575 12.375 8.613 10.197 12.056 14.232 9.646 11.523 13.743 16.367 17.000 21.231 26.462 32.919 29.960 39.116 50.950 66.212 93.051 132.780 188.880 267.860 289.000 450.740 700.230 1,083.700 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 16% 1.160 1.346 1.561 1.811 2.100 2.436 2.826 3.278 3.803 4.411 5.117 5.936 6.886 7.988 9.266 10.748 12.468 14.463 16.777 19.461 40.874 85.850 378.720 1,670.700 17% 18% 19% 20% 25% 30% 1.170 1.180 1.190 1.200 1.250 1.300 1.369 1.392 1.416 1.440 1.563 1.690 1.602 1.643 1.685 1.728 1.953 2.197 1.874 1.939 2.005 2.074 2.441 2.856 2.192 2.288 2.386 2.488 3.052 3.713 2.565 2.700 2.840 2.986 3.815 4.827 3.001 3.185 3.379 3.583 4.768 6.276 3.511 3.759 4.021 4.300 5.960 8.157 4.108 4.435 4.785 5.160 7.451 10.604 4.807 5.234 5.696 6.192 9.313 13.786 5.624 6.176 6.777 7.430 11.642 17.922 6.580 7.288 8.064 8.916 14.552 23.298 7.699 8.599 9.596 10.699 18.190 30.288 9.007 10.147 11.420 12.839 22.737 39.374 10.539 11.974 13.590 15.407 28.422 51.186 12.330 14.129 16.172 18.488 35.527 66.542 14.426 16.672 19.244 22.186 44.409 86.504 16.879 19.673 22.091 26.623 55.511 112.460 19.748 23.214 27.252 31.948 69.389 146.190 23.106 27.393 32.429 38.338 86.736 190.050 50.658 62.669 77.388 95.396 264.700 705.640 111.070 143.370 184.680 237.380 807.790 2,620.000 36,119.000 533.870 750.380 1,051.700 1,469.800 7,523.200 2,566.200 3,927.400 5,988.900 9,100.400 70,065.000 497,929.000
