You invest a single amount of $13,500 for 7 years at 11 percent. At the end of 7 years you take the proceeds and invest them for 16 years at 19 percent. How much will you have after 23 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value At a growth interest) rate of 14 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) years Time needed to double Time needed to triple Appendix A Future value of $1,FV, F PV + IT Percent Porlod 5% 9% 10 113 1.110 1.232 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1219 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 1.486 1.641 1.811 2 208 2.692 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1653 1.702 1.754 1.806 2.094 2.427 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.873 1.948 2.026 2.107 2191 2.666 3.243 4.801 7.107 1.050 1.103 1.158 1.216 1.276 1.340 1.407 1.477 1.551 1629 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2407 2527 2653 3.386 4.322 7.040 11.467 1.060 1.124 1.191 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.012 2.133 2.261 2.397 2.540 2.693 2.854 3.026 3.207 4.292 5.743 10 286 18.420 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.252 2410 2.579 2.759 2.952 3.159 3.380 3.617 3870 5.427 7.612 14.974 29.457 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 1.090 1.188 1.295 1412 1.539 1.677 1.828 1.993 2.172 2.367 2.580 2813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 8.623 13.268 31.409 74.358 1.100 1.210 1.331 1464 1.611 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5054 5.560 6116 6.727 10.835 17.449 45.259 117.39 1368 1.518 1.685 1.870 2.076 2.305 2.558 2839 2.152 3.498 3.883 4.310 4.75 5.311 5.895 7.263 8.062 13.585 22.892 65.001 184.57
