You need $25,756 at the end of 8 years, and your only investment outlet is an 7 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What single payment could be made at the beginning of the first year to achieve this objective? b. What amount could you pay at the end of each year annually for 8 years to achieve this same objective? Appendo Present P P 0625 00 020 059 025 06100 478 315 0.295 233 034 0146 115 0092014 0720552 412 300221 0.760121000075 057 000 15724930702011201027067 045 0720 0015 DIE Appendidade P 51 7830 0 743731 071820004 0.540 07350270297 0 020012180102007 22 0.21595 178 O 007 000 0015 0.000000 1410123 Q107 0.003 0001 0.071 0018 0.00 0.00 0.001 0.00 11100350081 00 00 DORE 00790050 051 2 003 0061 0051 004 0 0 0 0 0 0 0030 00150012 0.00 DOOS 0.004 2003 0.000 0.002 0.00 0.001 0.0010 XXX%8 00 03 00370031 0 16 013 0.007 0.00 to Appendice of SFV, P, 1000 2010 1000 2.000 1000 1000 2030 2040 10911122 1000 2050 2060 1154 4375 1342 4573 5. 6220 7913 7 6.975 8.394 2.153 8.654 .335 923 11491 11978 1248 119 14.164 16.722 1591 54972 15.784 16.645 17.500 20141 22953 21.04 27975 S101 5204 530 5416 3506 6.152 6.308 6.468 6633 6.802 7.216 7434 7662 7898 8.142 8.286 BR92 9214 9.369 .755 0.159 0583 1 1027 104629 0 1464 2006 13578 11567 2169 12 308 1346 1268313412 4192 15.0.26 1591 13.809 1468015618 16.622 17.713 14947 15 974 7086 18.292 59599 16 097 17 293 5 2004 21579 172 639 20 157 215 21657 18.430 20 012 2762 2360 25.140 19615 21412 23414 25.645 28132 20811 22.841 25.11727671 30539 22010 24.297 26070 2977833066 28 243 32.000 36.459 41646 42727 34785 40 588 47575 56.085 66.439 48.886 60 402 75.401 95.026 120.80 64463 84.579 112.80 152.57 209.35 29361 18.882 21015 23.276 25673 20.213 3 0.006 33.760 3676 S4365 29.058 154.76 290.34 20.141 21.495 22.55024215 25.129 27.157 27 9 0.324 30.040 3750 3299 37.450 37.379 41.446 40.00 45.77 3249 72106 94.451 13.28 199.64 250 06 406.53 573.77 36974 41301 45018 51.160 84201 136.31 337.89 81508 40545 45.5 51.19 57.275 9847 1 6449 4 4259 1639 2273 26 212 3095 34405 2010 44501 50.396 56.909 84203 11441 199.02 1 ) 1.6688 Append kandided) Free of an amuny 51 20% 1000 25% 0 00 2250 30% 0 00 15 1000 2.150 3473 4.993 6.742 900) 125 1000 2120 3374 479 6.353 8115 10.09 12.300 14776 17549 20 655 2433 1000 2130 3.407 480 6.430 8.323 10.405 12.757 15.416 8420 21814 25.650 1000 2.140 3.440 4921 6610 8536 10.730 13233 16.685 1937 23045 27271 1000 1000 1000 1000 2.750 2.170 2.180 3.5063.539 35723.606 SOL 6077 701471547.297 8977 9.207 11.414 11772 2.142 12.523 14240 17.519 18.285 19.086 19.923 21.321 25.733 27 200 2.755 10.404 3050 324 349313710 7.442 990 12915 1129 1507) 11.067 13.727 16.786 20304 24 14 20003 32150 3.581 42.566 5420 6 4005 24 97.625 12791 1679 212 5210 72015 37.290 42.753 8.884 55.750 640 72052 34.883 0.417 46.572 33 739 1725 0 0907 3258 40 505 43672 43.842 42.580 5 1 860 50.980 55717 60.925 58118 507 71671 2394 75.876 3411 212 9001 91010244115.30 56.10 0.965 66 261 56 509 7229397989 789790 0 22 93.406 1074 115.27 1102112341 317 003 63 2 65. 12212 15476 32 3 45 34133 23.20 76709 10137 24000 24555 9569 345 13420 .79.1 95457.2127 53031542.44 23608 3.1345 0.4360 5.000 790-95 4163.21 210130 9667 5.5298 ISO 1.1319 73439 5.4970 32272 30.080 200 2560 2480 300 20.30 60
