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Assuming an interest rate of 5%, if you invest a lump sum of $6000 now, the balance of your investment in 7 years will be closest to: Future Value of $1 Periods 5% 6% 8% 10% 4 1.216 1.262 1.360 1.464 5 1.276 1.338 1.469 1.611 6 1.340 1.419 1.587 1.772 7 1.407 1.504 1.714 1.949 8 1.477 1.594 1.851 2.144 9 1.551 1.689 1.999 2.358 10 1.629 1.791 2.159 2.594 Future Value of Annuity of $1 Periods 5% 6% 8% 10% 4 4.310 4.375 4.506 4.641 5 5.526 5.637 5.867 6.105 6 6.802 6.975 7.336 7.716 7 8.142 8.394 8.923 9.487 8 9.549 9.897 10.637 11.436 9 11.027 11.491 12.488 13.579 10 12.578 13.181 14.487 15.937 $8442. $34,716. $9774. $42,000.

Assuming an interest rate of 5%, if you invest a lump sum of $6000 now, the balance of your investment in 7 years will be closest to: Future Value of $1 Periods 5% 6% 8% 10% 4 1.216 1.262 1.360 1.464 5 1.276 1.338 1.469 1.611 6 1.340 1.419 1.587 1.772 7 1.407 1.504 1.714 1.949 8 1.477 1.594 1.851 2.144 9 1.551 1.689 1.999 2.358 10 1.629 1.791 2.159 2.594 Future Value of Annuity of $1 Periods 5% 6% 8% 10% 4 4.310 4.375 4.506 4.641 5 5.526 5.637 5.867 6.105 6 6.802 6.975 7.336 7.716 7 8.142 8.394 8.923 9.487 8 9.549 9.897 10.637 11.436 9 11.027 11.491 12.488 13.579 10 12.578 13.181 14.487 15.937 $8442. $34,716. $9774. $42,000.

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
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  1. Assuming an interest rate of 5%, if you invest a lump sum of $6000 now, the balance of your investment in 7 years will be closest to:

    Future Value of $1
    Periods 5% 6% 8% 10%
    4 1.216 1.262 1.360 1.464
    5 1.276 1.338 1.469 1.611
    6 1.340 1.419 1.587 1.772
    7 1.407 1.504 1.714 1.949
    8 1.477 1.594 1.851 2.144
    9 1.551 1.689 1.999 2.358
    10 1.629 1.791 2.159 2.594
    Future Value of Annuity of $1
    Periods 5% 6% 8% 10%
    4 4.310 4.375 4.506 4.641
    5 5.526 5.637 5.867 6.105
    6 6.802 6.975 7.336 7.716
    7 8.142 8.394 8.923 9.487
    8 9.549 9.897 10.637 11.436
    9 11.027 11.491 12.488 13.579
    10 12.578 13.181 14.487 15.937
       
    $8442.
       
    $34,716.
       
    $9774.
       
    $42,000.
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