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An engineer who believed in "save now and play later" wanted to retire in 20 years with $1.5 million. Al 10% per year interest, to reach the $1.5 million goal, starting 1 year from now. the engineer must annually invest 10% TABLE 15 Discrete Cash Flow: Compound Interest Factors 10% Single Payments Uniform Series Payments Arithmetic Gradients Compound Amount Present Sinking Fund A/F Compound Amount F/A Capital Recovery A/P Present Gradient Present Worth P/G Gradient Uniform Series A/G Worth Worth P/A F/P P/F 1.1000 0.9091 1.00000 1.0000 110000 0.9091 1.2100 0.8264 0.47619 2.1000 0.57619 1.7355 0.8264 8.4762 3. 13310 0.7513 0.30211 3.3100 0.40211 2.4869 2.3291 6.9366 4. 5. 0.6830 0.6209 1.4641 0.21547 4.6410 0.31547 3.1699 43781 13812 1.6105 0.16380 6.1051 7.7156 0.26380 3.7908 6.8618 L8I0I 1.7716 0.5645 0.12961 0.22961 43553 9.6842 22236 7. 1.9487 0.5132 0.10541 9.4872 0.20541 4.8684 12.7631 2.6216 2.1436 0.4665 0.08744 11.4359 0.18744 5.3349 16.0287 3.0045 2.3579 0.4241 0.07364 13.5795 0.17364 5.7590 19.4215 33724 10 2.5937 0.3855 0.06275 15.9374 0.16275 6.1446 22.8913 3.7255 11 2.8531 0.3505 0.05396 18.5312 0.15396 6.4951 26.3963 40641 12 3.1384 0.3186 0.01676 0.04078 21.3843 0.14676 6.8137 29 5012 4384 13 0.2897 3,4523 3.7975 24.5227 0.14078 0.13575 7.1034 4.6963 33.3772 36 SUOS 40.1520 14 0.2633 0.03575 27.9750 7.3667 4.9955 31.7725 4.1772 4.5950 0.03147 0.02782 0.02466 15 0.2394 0.13147 7.6061 52789 55403 S.8071 ROS26 16 0.2176 35.9497 0.12782 78237 43.4164 40 5447 0.12466 46.5819 49.6355 S2.5827 17 5,0545 0.1978 80216 18 5.5599 0.1799 0.02193 45.5992 0.12193 82014 19 61159 0 1635 D.01955 51.1591 G.11955 K3619 6.2861 U SEIE

An engineer who believed in "save now and play later" wanted to retire in 20 years with $1.5 million. Al 10% per year interest, to reach the $1.5 million goal, starting 1 year from now. the engineer must annually invest 10% TABLE 15 Discrete Cash Flow: Compound Interest Factors 10% Single Payments Uniform Series Payments Arithmetic Gradients Compound Amount Present Sinking Fund A/F Compound Amount F/A Capital Recovery A/P Present Gradient Present Worth P/G Gradient Uniform Series A/G Worth Worth P/A F/P P/F 1.1000 0.9091 1.00000 1.0000 110000 0.9091 1.2100 0.8264 0.47619 2.1000 0.57619 1.7355 0.8264 8.4762 3. 13310 0.7513 0.30211 3.3100 0.40211 2.4869 2.3291 6.9366 4. 5. 0.6830 0.6209 1.4641 0.21547 4.6410 0.31547 3.1699 43781 13812 1.6105 0.16380 6.1051 7.7156 0.26380 3.7908 6.8618 L8I0I 1.7716 0.5645 0.12961 0.22961 43553 9.6842 22236 7. 1.9487 0.5132 0.10541 9.4872 0.20541 4.8684 12.7631 2.6216 2.1436 0.4665 0.08744 11.4359 0.18744 5.3349 16.0287 3.0045 2.3579 0.4241 0.07364 13.5795 0.17364 5.7590 19.4215 33724 10 2.5937 0.3855 0.06275 15.9374 0.16275 6.1446 22.8913 3.7255 11 2.8531 0.3505 0.05396 18.5312 0.15396 6.4951 26.3963 40641 12 3.1384 0.3186 0.01676 0.04078 21.3843 0.14676 6.8137 29 5012 4384 13 0.2897 3,4523 3.7975 24.5227 0.14078 0.13575 7.1034 4.6963 33.3772 36 SUOS 40.1520 14 0.2633 0.03575 27.9750 7.3667 4.9955 31.7725 4.1772 4.5950 0.03147 0.02782 0.02466 15 0.2394 0.13147 7.6061 52789 55403 S.8071 ROS26 16 0.2176 35.9497 0.12782 78237 43.4164 40 5447 0.12466 46.5819 49.6355 S2.5827 17 5,0545 0.1978 80216 18 5.5599 0.1799 0.02193 45.5992 0.12193 82014 19 61159 0 1635 D.01955 51.1591 G.11955 K3619 6.2861 U SEIE

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
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20 6.7275 0.1486 0.01746 Select one: O a. $26,190 O b. $28,190 O C. $89,680 O d. $49,350
Transcribed Image Text:20 6.7275 0.1486 0.01746 Select one: O a. $26,190 O b. $28,190 O C. $89,680 O d. $49,350
An engineer who believed in "save now and play later" wanted to retire in 20 years with $1.5 million. Al 10% per year interest, to reach the $1.5 million goal, starting 1 year from now. the engineer must annually invest 10% TABLE 15 Discrete Cash Flow: Compound Interest Factors 10% Single Payments Uniform Series Payments Arithmetic Gradients Compound Amount Present Sinking Fund A/F Compound Amount F/A Capital Recovery A/P Present Worth Gradient Present Worth P/G Gradient Uniform Series A/G Worth F/P P/F P/A 1.1000 0.9091 1.00000 1.0000 1.10000 0.57619 0.40211 0.9091 1.2100 0.8264 0.47619 2.1000 1.7355 0.8264 8.4762 6.9366 3. 13310 0.7513 0.30211 3.3100 2.4869 2.3291 1.4641 0.6830 0.21547 4.6410 0.31547 3.1699 3.7908 43781 13812 L8101 22236 1.6105 0.6209 0.16380 6.1051 0.26380 6.8618 6. 1.7716 0.5645 0.12961 7.7156 0.22961 43553 9.6842 7. 1.9487 0.5132 0.10541 9.4872 0.20541 4.8684 12.7631 2.6216 21436 0.4665 0.08744 11.4359 16.0287 19.4215 0.18744 5.3349 3.0045 2.3579 0.4241 0.07364 13.5795 0.17364 5.7590 3.372 3.7255 4.0641 10 2,5937 0.3855 0.06275 15.9374 0.16275 6.1446 22.8913 26 3963 2.8531 0.3505 0.05396 18.5312 0.15396 6.4951 12 3.1384 0.3186 0.04676 21.3843 0.14676 6.8137 29 5012 4384 13 3,4523 3.7975 0.2897 0.04078 0.03575 0.03147 24.5227 0.14078 7.1034 33.3772 36.UOS 4.6988 14 0.2633 27.9750 0.13575 7.3667 4.9955 31.7725 35.9497 15 4.1772 0.2394 0.13147 7.6061 40.1520 5.2789 4.5950 0.2176 0.02782 7.8237 43.4164 55403 S.8071 EOS26 16 0.12782 17 5,0545 0.1978 0.02466 40.5447 0.12466 80216 46.5819 0.12193 0.11955 0.11746 18 5.5599 0.1799 0.02193 45.5992 82014 49.6355 6.1159 0 1635 D.01955 51.1591 K3649 2.5827 35.4069 19 6.7861 20 6.7275 0.1486 0.01746 $7.2750 85136 65081
Transcribed Image Text:An engineer who believed in "save now and play later" wanted to retire in 20 years with $1.5 million. Al 10% per year interest, to reach the $1.5 million goal, starting 1 year from now. the engineer must annually invest 10% TABLE 15 Discrete Cash Flow: Compound Interest Factors 10% Single Payments Uniform Series Payments Arithmetic Gradients Compound Amount Present Sinking Fund A/F Compound Amount F/A Capital Recovery A/P Present Worth Gradient Present Worth P/G Gradient Uniform Series A/G Worth F/P P/F P/A 1.1000 0.9091 1.00000 1.0000 1.10000 0.57619 0.40211 0.9091 1.2100 0.8264 0.47619 2.1000 1.7355 0.8264 8.4762 6.9366 3. 13310 0.7513 0.30211 3.3100 2.4869 2.3291 1.4641 0.6830 0.21547 4.6410 0.31547 3.1699 3.7908 43781 13812 L8101 22236 1.6105 0.6209 0.16380 6.1051 0.26380 6.8618 6. 1.7716 0.5645 0.12961 7.7156 0.22961 43553 9.6842 7. 1.9487 0.5132 0.10541 9.4872 0.20541 4.8684 12.7631 2.6216 21436 0.4665 0.08744 11.4359 16.0287 19.4215 0.18744 5.3349 3.0045 2.3579 0.4241 0.07364 13.5795 0.17364 5.7590 3.372 3.7255 4.0641 10 2,5937 0.3855 0.06275 15.9374 0.16275 6.1446 22.8913 26 3963 2.8531 0.3505 0.05396 18.5312 0.15396 6.4951 12 3.1384 0.3186 0.04676 21.3843 0.14676 6.8137 29 5012 4384 13 3,4523 3.7975 0.2897 0.04078 0.03575 0.03147 24.5227 0.14078 7.1034 33.3772 36.UOS 4.6988 14 0.2633 27.9750 0.13575 7.3667 4.9955 31.7725 35.9497 15 4.1772 0.2394 0.13147 7.6061 40.1520 5.2789 4.5950 0.2176 0.02782 7.8237 43.4164 55403 S.8071 EOS26 16 0.12782 17 5,0545 0.1978 0.02466 40.5447 0.12466 80216 46.5819 0.12193 0.11955 0.11746 18 5.5599 0.1799 0.02193 45.5992 82014 49.6355 6.1159 0 1635 D.01955 51.1591 K3649 2.5827 35.4069 19 6.7861 20 6.7275 0.1486 0.01746 $7.2750 85136 65081
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