Homework Help is Here – Start Your Trial Now!
Business
Finance
3. At the end of each quarter, $4,000 is placed in an annuity that ears 6% interest, compounded quarterly. Find the future value of the annuity in 10 years. Use the Future Value of Ordinary Annuity table below, FUTURE VALUE OF ORDINARY ANNUITY

3. At the end of each quarter, $4,000 is placed in an annuity that ears 6% interest, compounded quarterly. Find the future value of the annuity in 10 years. Use the Future Value of Ordinary Annuity table below, FUTURE VALUE OF ORDINARY ANNUITY

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
See similar textbooks
icon
Related questions
Question

Asap 

$204,567.98 O $234,541.92 O $217,071.56 O $247, 893.09
Transcribed Image Text:$204,567.98 O $234,541.92 O $217,071.56 O $247, 893.09
PERIOD 3. At the end of each quarter, $4,000 is placed in an annuity that earns 6% interest, compounded quarterly. Find the future value of the annuity in 10 years. Use the Future Value of Ordinary Annuity table below 4 5 6 7 8 S POIRSARANAZARE: 0.25% 0.50% 0.75% 1.00% 1.50% 2.00% 2.50% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 12.00% 1.00000 100000 100000 100000 100000 100000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 100000 100000 1.00000 100000 1.00000 2.00250 2.00500 2.00750 201000 201500 202000 202509 2.03000 2.04000 205000 200000 207000 200000 200000 210000 211009 212000 3.00751 301502 3.02256 3.03010 304522 306040 3.07563 300090 3.12160 3.15250 3.18360 321490 124640 3.27810 3.31000 3.34210 3.37440 401503 403010 404523400040409090 412161 415252 4.18363424646 431013 437402 443994450011 457313 464100 4.70973 477933 5.02506 5.05025 5.07556 5.10101 5.15227 5.20404 5.25833 5.30914 541632 5.52563 5.63709 5.75074 5.86660 5.96471 6.10510 6.22780 6.35285 6.63763 607550 611363 615202 622955630812 638774 640541 6.63296 6.80191 697532 745329 7.33593 752333 771581 791286 811519 7.05272 7.10588 7.15048 721354 7.32299 7.43428 754743 766246 7.89629 814201 839384 8.65402 892280 9.20043 9.48717 9.78327 10.06001 6.07035 5.14141 521318 620567 643204 658297 4.73612 0.00234921423 954911 909747 10.25900 10 03063 11.02647 11 43509 11:0543 12 29909 909053 9.18212 927478 9.36853 955933 975463 9.95452 10 15911 10 58260 11.02656 11.49132 11.97799 12.48756 13.02104 13.57948 14.16397 14.77566 10 10.11325 10.22803 10 34434 10.46221 10.70272 10 94972 11.20338 11 46388 12 00011 12.57700 13.10079 1181645 14.45656 15.19293 15.93742 16 72201 17.548ZA 11 11.13854 11.27917 11.42192 11.56683 11.06326 12.16872 12 48347 12.80780 13.48635 14 20679 14.97164 15.78360 16.64549 17.56029 18.53117 19 50143 20.65458 12 12.16638 12.33558 12.50758 12.68250 1304121 13.41209 13.79555 14.19203 15.02501 15.91713 16.80994 17.00045 1697713 20.14072 21.38425 22.71319 24.13313 13 13.19680 13.39724 13.60139 13.00933 14.23683 1468033 15.14044 1561770 16 62684 17.71290 18 88214 20 14064 21.49530 22.95338 24 52271 26.21164 28 02911 14 14.22979 14.40423 14.70340 1454742 1145030 15.07304 16.51095 17.00632 15.29191 19.59063 21 01507 22 55049 24.21492 25 01919 27.97496 30.09492 32 30260 15 15.26537 15.53655 15.81368 16 09690 16.68214 17.29342 17 93193 18.59091 20 02359 21.57856 23.27597 25.12902 27.15211 29.36092 31.77248 34 40536 37 27971 16 16.30353 16.61423 16.93228 17 25706 17.93237 18.63929 19.38022 20.15688 21.82453 23.65749 25 67253 27 66005 30 32428 33 00340 35.94973 39.18995 42.75320 17 17.34429 17.89730 18.09927 18.43044 19.20130 20.01207 20 06475 21.76150 23.69751 25.64037 28 21288 3004022 33.75023 36.97370 40 54470 44.50064 48.86367 18 18.38765 18.78579 19.19472 19.61475 20.49938 21.41231 2230635 23 41444 25.64541 28.13238 30 90565 33.99903 37 45024 41.30154 45.50917 50.29504 55.74971 19 43362 19 87972 20 33868 20.81090 21.79672 22.84056 23.94601 2511687 27 67123 30 53000 33.75999 37.37096 41 44628 46 01846 51.15909 56.93949 63.43968 20 48220 20.97912 21 49122 22.01900 23 12367 24.29737 2554400 26.67037 29.77808 33.06595 36.78559 40.99549 45.76196 51.16012 57.27500 64 20263 72 05244 21.53341 22.08401 22 65240 23 23919 24 47052 25.78332 27.18327 28 67649 31.90920 35.71925 39 99273 44.06518 50 42292 56 76453 64.00250 72 26514 01.09074 22 22 58724 23 19440 23.82230 24.47150 25 83756 27 29890 28 66206 30.53678 34.24797 38.50521 43 39229 49 00574 55 45676 62.67334 71.40275 1431 92.50258 2364371 24.31040 25 00096 25.71630 27 22514 28.84496 30 56443 32 45288 36 61709 41.43048 46 99563 53.43614 60 09330 69 53194 79.54302 91.14788 104.6029 24 24.70282 2543190 2510647 26 57346 28 63352 142136 32.34904 344 908260 44 50200 50 61558 58 17067 60 76476 76.70961 66 49733 102.1742 118.1952 25.76457 26.55012 27 30488 28.24320 30 06302 32 03030 415776 36.45826 41.64501 47.72710 54 06451 63 24904 73 10594 64.70090 98.34706 114.4133 133.3339 31.11331 32.20002 33.56290 34.76409 37.53068 4056008 43.90270 47 57542 58 00404 66 43885 79 05819 04 40070 113 2632 136.2075 164 4540 199.0209 241.3327 36.52924 38 14530 30 85301 41.64028 45.58209 49 99445 54.92021 60 46200 73 65222 90 32031 111.4348 138 2309 172.3168 215.7108 271.0244 341.5096 431 6635 154.7620 199 6351 259.0565 337.8524 442,5920 581.8261 787.0914 40 42.01320 44.15000 45.44048 48 80637 54 26709 60 40190 67.40255 75 40120 95 02552 120 7990 53 18568 56 64516 60.39426 44 46318 73 68283 84 57940 97 45435 112.7960 152 6671 200 3480 290 3350 406 5289 573 7702 015.0636 1163 909 1068 771 2400 018 19 FUTURE VALUE OF ORDINARY ANNUITY T 20 TANNUITY IN ARKEAKS END OF PERIOD PAYMENTS) RATE PER PERIOD
Transcribed Image Text:PERIOD 3. At the end of each quarter, $4,000 is placed in an annuity that earns 6% interest, compounded quarterly. Find the future value of the annuity in 10 years. Use the Future Value of Ordinary Annuity table below 4 5 6 7 8 S POIRSARANAZARE: 0.25% 0.50% 0.75% 1.00% 1.50% 2.00% 2.50% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 12.00% 1.00000 100000 100000 100000 100000 100000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 100000 100000 1.00000 100000 1.00000 2.00250 2.00500 2.00750 201000 201500 202000 202509 2.03000 2.04000 205000 200000 207000 200000 200000 210000 211009 212000 3.00751 301502 3.02256 3.03010 304522 306040 3.07563 300090 3.12160 3.15250 3.18360 321490 124640 3.27810 3.31000 3.34210 3.37440 401503 403010 404523400040409090 412161 415252 4.18363424646 431013 437402 443994450011 457313 464100 4.70973 477933 5.02506 5.05025 5.07556 5.10101 5.15227 5.20404 5.25833 5.30914 541632 5.52563 5.63709 5.75074 5.86660 5.96471 6.10510 6.22780 6.35285 6.63763 607550 611363 615202 622955630812 638774 640541 6.63296 6.80191 697532 745329 7.33593 752333 771581 791286 811519 7.05272 7.10588 7.15048 721354 7.32299 7.43428 754743 766246 7.89629 814201 839384 8.65402 892280 9.20043 9.48717 9.78327 10.06001 6.07035 5.14141 521318 620567 643204 658297 4.73612 0.00234921423 954911 909747 10.25900 10 03063 11.02647 11 43509 11:0543 12 29909 909053 9.18212 927478 9.36853 955933 975463 9.95452 10 15911 10 58260 11.02656 11.49132 11.97799 12.48756 13.02104 13.57948 14.16397 14.77566 10 10.11325 10.22803 10 34434 10.46221 10.70272 10 94972 11.20338 11 46388 12 00011 12.57700 13.10079 1181645 14.45656 15.19293 15.93742 16 72201 17.548ZA 11 11.13854 11.27917 11.42192 11.56683 11.06326 12.16872 12 48347 12.80780 13.48635 14 20679 14.97164 15.78360 16.64549 17.56029 18.53117 19 50143 20.65458 12 12.16638 12.33558 12.50758 12.68250 1304121 13.41209 13.79555 14.19203 15.02501 15.91713 16.80994 17.00045 1697713 20.14072 21.38425 22.71319 24.13313 13 13.19680 13.39724 13.60139 13.00933 14.23683 1468033 15.14044 1561770 16 62684 17.71290 18 88214 20 14064 21.49530 22.95338 24 52271 26.21164 28 02911 14 14.22979 14.40423 14.70340 1454742 1145030 15.07304 16.51095 17.00632 15.29191 19.59063 21 01507 22 55049 24.21492 25 01919 27.97496 30.09492 32 30260 15 15.26537 15.53655 15.81368 16 09690 16.68214 17.29342 17 93193 18.59091 20 02359 21.57856 23.27597 25.12902 27.15211 29.36092 31.77248 34 40536 37 27971 16 16.30353 16.61423 16.93228 17 25706 17.93237 18.63929 19.38022 20.15688 21.82453 23.65749 25 67253 27 66005 30 32428 33 00340 35.94973 39.18995 42.75320 17 17.34429 17.89730 18.09927 18.43044 19.20130 20.01207 20 06475 21.76150 23.69751 25.64037 28 21288 3004022 33.75023 36.97370 40 54470 44.50064 48.86367 18 18.38765 18.78579 19.19472 19.61475 20.49938 21.41231 2230635 23 41444 25.64541 28.13238 30 90565 33.99903 37 45024 41.30154 45.50917 50.29504 55.74971 19 43362 19 87972 20 33868 20.81090 21.79672 22.84056 23.94601 2511687 27 67123 30 53000 33.75999 37.37096 41 44628 46 01846 51.15909 56.93949 63.43968 20 48220 20.97912 21 49122 22.01900 23 12367 24.29737 2554400 26.67037 29.77808 33.06595 36.78559 40.99549 45.76196 51.16012 57.27500 64 20263 72 05244 21.53341 22.08401 22 65240 23 23919 24 47052 25.78332 27.18327 28 67649 31.90920 35.71925 39 99273 44.06518 50 42292 56 76453 64.00250 72 26514 01.09074 22 22 58724 23 19440 23.82230 24.47150 25 83756 27 29890 28 66206 30.53678 34.24797 38.50521 43 39229 49 00574 55 45676 62.67334 71.40275 1431 92.50258 2364371 24.31040 25 00096 25.71630 27 22514 28.84496 30 56443 32 45288 36 61709 41.43048 46 99563 53.43614 60 09330 69 53194 79.54302 91.14788 104.6029 24 24.70282 2543190 2510647 26 57346 28 63352 142136 32.34904 344 908260 44 50200 50 61558 58 17067 60 76476 76.70961 66 49733 102.1742 118.1952 25.76457 26.55012 27 30488 28.24320 30 06302 32 03030 415776 36.45826 41.64501 47.72710 54 06451 63 24904 73 10594 64.70090 98.34706 114.4133 133.3339 31.11331 32.20002 33.56290 34.76409 37.53068 4056008 43.90270 47 57542 58 00404 66 43885 79 05819 04 40070 113 2632 136.2075 164 4540 199.0209 241.3327 36.52924 38 14530 30 85301 41.64028 45.58209 49 99445 54.92021 60 46200 73 65222 90 32031 111.4348 138 2309 172.3168 215.7108 271.0244 341.5096 431 6635 154.7620 199 6351 259.0565 337.8524 442,5920 581.8261 787.0914 40 42.01320 44.15000 45.44048 48 80637 54 26709 60 40190 67.40255 75 40120 95 02552 120 7990 53 18568 56 64516 60.39426 44 46318 73 68283 84 57940 97 45435 112.7960 152 6671 200 3480 290 3350 406 5289 573 7702 015.0636 1163 909 1068 771 2400 018 19 FUTURE VALUE OF ORDINARY ANNUITY T 20 TANNUITY IN ARKEAKS END OF PERIOD PAYMENTS) RATE PER PERIOD
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Techniques of Time Value Of Money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS