Periods 111% 1% 11% 2% 3% 4% 5% 6% 7% 8% Periods 1 0.99502 2 0.99007 0.98030 3 0.98515 0.97059 4 0.98025 0.96098 0.94218 5 0.97537 0.95147 0.92826 0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340 0.97066 0.96117 0.94260 0.92456 0.90703 0.89000 0.95632 0.94232 0.91514 0.88900 0.86384 0.92385 0.88849 0.85480 0.82270 0.90573 0.86261 0.82193 0.78353 0.93458 0.92593 1 0.87344 0.85734 2 0.83962 0.81630 0.79383 3 0.79209 0.76290 0.73503 4 0.74726 0.71299 0.68058 5 6 0.97052 0.94205 0.91454 7 0.96569 0.93272 0.90103 8 0.96089 0.92348 0.88771 0.85349 9 0.95610 0.91434 0.87459 0.83676 0.76642 10 0.95135 0.90529 0.86167 0.82035 0.74409 0.88797 0.83748 0.79031 0.87056 0.81309 0.75992 0.78941 0.73069 0.70259 0.67556 11 0.94661 0.89632 12 0.94191 0.88745 13 0.93722 14 0.93256 15 0.92792 0.80426 0.83639 0.78849 0.87866 0.82403 0.77303 0.86996 0.81185 0.75788 0.86135 0.79985 0.84893 0.74301 0.74622 0.70496 0.66634 0.63017 0.71068 0.66506 0.62275 0.58349 0.67684 0.62741 0.64461 0.59190 0.61391 0.55839 0.72242 0.64958 0.58468 0.52679 0.70138 0.62460 0.55684 0.49697 0.68095 0.60057 0.53032 0.46884 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.58201 0.54027 0.54393 0.50025 0.50835 0.46319 10 67890 0.47509 0.42888 0.44401 0.39711 0.41496 0.36770 16 0.92330 0.85282 0.78803 0.72845 0.62317 0.53391 17 0.91871 0.84438 0.77639 0.71416 0.60502 0.51337 18 0.91414 19 0.90959 0.83602 0.82774 0.76491 0.70016 0.58739 0.49363 0.45811 0.39365 0.43630 0.37136 0.41552 0.35034 20 0.90506 0.81954 0.75361 0.74247 0.68643 0.57029 0.67297 0.55368 0.47464 0.45639 0.39573 0.33051 0.37689 0.31180 0.33873 0.29189 0.31657 0.27027 0.29586 0.25025 0.27651 0.23171 0.25842 0.21455 19 22222 21 23 24 25 0.90056 0.81143 0.73150 0.65978 0.53755 0.43883 0.89608 0.80340 0.72069 0.64684 0.52189 0.42196 0.89162 0.79544 0.71004 0.63416 0.50669 0.40573 0.88719 0.78757 0.69954 0.62172 0.49193 0.39012 0.88277 0.77977 0.68921 0.60953 0.47761 0.37512 0.35894 0.29416 0.24151 0.19866 0.34185 0.27751 0.22571 0.18394 0.32557 0.26180 0.21095 0.17032 0.31007 0.24698 0.19715 0.15770 0.29530 0.23300 0.18425 0.14602 21 12313 6782222222 14 15 16 17 18 20 23 24 25 Periods 9% 10% 0.91743 0.90909 2 0.84168 0.82645 3 0.77218 0.75131 4 0.70843 0.68301 11% 12% 0.90090 0.89286 0.81162 0.79719 0.78315 0.73119 0.71178 0.69305 0.65873 0.63552 13% 0.88496 14% 0.87719 15% 0.86957 0.76947 0.67497 0.61332 0.59208 5 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 16% 0.86207 0.75614 0.74316 0.65752 0.64066 0.57175 0.55229 0.49718 0.47611 17% 18% 0.85470 0.84746 0.73051 0.71818 0.62437 0.60863 0.53365 0.51579 0.45611 0.43711 Periods 1 2 3 4 5 6 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 7 0.54703 8 0.51316 0.50187 0.46651 0.48166 0.45235 0.42506 0.39964 0.43393 0.40388 0.37616 0.35056 9 10 0.46043 0.42241 0.38554 0.42410 0.39092 0.36061 0.33288 0.35218 0.32197 0.29459 0.30751 0.26974 0.43233 0.41044 0.38984 0.37043 0.37594 0.35383 0.32690 0.30503 0.28478 0.26604 0.28426 0.26295 0.24340 0.24718 0.22668 0.20804 0.33320 0.31393 0.22546 0.19106 10 67820 9 ⑆2315 11 0.38753 0.35049 0.35553 0.31863 0.32618 0.28966 14 0.29925 0.26333 0.27454 0.23939 0.31728 0.28748 0.26070 0.23662 0.28584 0.25668 0.23071 0.20756 0.25751 0.22917 0.20416 0.18207 0.23199 0.20462 0.18068 0.15971 0.20900 0.18270 0.15989 0.14010 0.21494 0.19542 0.17781 0.16192 0.18691 0.16846 0.15197 0.13722 0.16253 0.14523 0.12989 0.11629 0.14133 0.12520 0.11102 0.09855 0.12289 0.10793 0.09489 0.08352 ⑆2315 11 14 67822 22222 16 0.25187 0.21763 0.18829 0.16312 17 0.23107 0.19784 0.16963 0.14564 18 0.21199 0.17986 0.15282 19 20 0.17843 0.19449 0.16351 0.13768 0.14864 0.12403 0.14150 0.12289 0.12522 0.10780 0.13004 0.11081 0.09456 0.11611 0.09806 0.08295 0.10367 0.08678 0.07276 0.10686 0.09304 0.08110 0.07078 0.09293 0.08021 0.06932 0.05998 0.08081 0.06914 0.05925 0.05083 0.07027 0.05961 0.05064 0.04308 0.06110 0.05139 0.04328 0.03651 21 0.16370 0.13513 0.15018 0.12285 23 0.13778 0.11168 24 0.12640 0.10153 25 0.11597 0.09230 0.08170 0.07361 0.06588 0.05882 0.11174 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 0.10067 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 0.04710 0.03779 0.03038 0.02447 0.01974 0.01596 6782222222 16 17 18 19 20 21 23 24 25 Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Interest Rate (%) Compounded $38,000 6 years 4 semiannually +A Present Value Compound Interest $ +A
Periods 111% 1% 11% 2% 3% 4% 5% 6% 7% 8% Periods 1 0.99502 2 0.99007 0.98030 3 0.98515 0.97059 4 0.98025 0.96098 0.94218 5 0.97537 0.95147 0.92826 0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340 0.97066 0.96117 0.94260 0.92456 0.90703 0.89000 0.95632 0.94232 0.91514 0.88900 0.86384 0.92385 0.88849 0.85480 0.82270 0.90573 0.86261 0.82193 0.78353 0.93458 0.92593 1 0.87344 0.85734 2 0.83962 0.81630 0.79383 3 0.79209 0.76290 0.73503 4 0.74726 0.71299 0.68058 5 6 0.97052 0.94205 0.91454 7 0.96569 0.93272 0.90103 8 0.96089 0.92348 0.88771 0.85349 9 0.95610 0.91434 0.87459 0.83676 0.76642 10 0.95135 0.90529 0.86167 0.82035 0.74409 0.88797 0.83748 0.79031 0.87056 0.81309 0.75992 0.78941 0.73069 0.70259 0.67556 11 0.94661 0.89632 12 0.94191 0.88745 13 0.93722 14 0.93256 15 0.92792 0.80426 0.83639 0.78849 0.87866 0.82403 0.77303 0.86996 0.81185 0.75788 0.86135 0.79985 0.84893 0.74301 0.74622 0.70496 0.66634 0.63017 0.71068 0.66506 0.62275 0.58349 0.67684 0.62741 0.64461 0.59190 0.61391 0.55839 0.72242 0.64958 0.58468 0.52679 0.70138 0.62460 0.55684 0.49697 0.68095 0.60057 0.53032 0.46884 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.58201 0.54027 0.54393 0.50025 0.50835 0.46319 10 67890 0.47509 0.42888 0.44401 0.39711 0.41496 0.36770 16 0.92330 0.85282 0.78803 0.72845 0.62317 0.53391 17 0.91871 0.84438 0.77639 0.71416 0.60502 0.51337 18 0.91414 19 0.90959 0.83602 0.82774 0.76491 0.70016 0.58739 0.49363 0.45811 0.39365 0.43630 0.37136 0.41552 0.35034 20 0.90506 0.81954 0.75361 0.74247 0.68643 0.57029 0.67297 0.55368 0.47464 0.45639 0.39573 0.33051 0.37689 0.31180 0.33873 0.29189 0.31657 0.27027 0.29586 0.25025 0.27651 0.23171 0.25842 0.21455 19 22222 21 23 24 25 0.90056 0.81143 0.73150 0.65978 0.53755 0.43883 0.89608 0.80340 0.72069 0.64684 0.52189 0.42196 0.89162 0.79544 0.71004 0.63416 0.50669 0.40573 0.88719 0.78757 0.69954 0.62172 0.49193 0.39012 0.88277 0.77977 0.68921 0.60953 0.47761 0.37512 0.35894 0.29416 0.24151 0.19866 0.34185 0.27751 0.22571 0.18394 0.32557 0.26180 0.21095 0.17032 0.31007 0.24698 0.19715 0.15770 0.29530 0.23300 0.18425 0.14602 21 12313 6782222222 14 15 16 17 18 20 23 24 25 Periods 9% 10% 0.91743 0.90909 2 0.84168 0.82645 3 0.77218 0.75131 4 0.70843 0.68301 11% 12% 0.90090 0.89286 0.81162 0.79719 0.78315 0.73119 0.71178 0.69305 0.65873 0.63552 13% 0.88496 14% 0.87719 15% 0.86957 0.76947 0.67497 0.61332 0.59208 5 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 16% 0.86207 0.75614 0.74316 0.65752 0.64066 0.57175 0.55229 0.49718 0.47611 17% 18% 0.85470 0.84746 0.73051 0.71818 0.62437 0.60863 0.53365 0.51579 0.45611 0.43711 Periods 1 2 3 4 5 6 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 7 0.54703 8 0.51316 0.50187 0.46651 0.48166 0.45235 0.42506 0.39964 0.43393 0.40388 0.37616 0.35056 9 10 0.46043 0.42241 0.38554 0.42410 0.39092 0.36061 0.33288 0.35218 0.32197 0.29459 0.30751 0.26974 0.43233 0.41044 0.38984 0.37043 0.37594 0.35383 0.32690 0.30503 0.28478 0.26604 0.28426 0.26295 0.24340 0.24718 0.22668 0.20804 0.33320 0.31393 0.22546 0.19106 10 67820 9 ⑆2315 11 0.38753 0.35049 0.35553 0.31863 0.32618 0.28966 14 0.29925 0.26333 0.27454 0.23939 0.31728 0.28748 0.26070 0.23662 0.28584 0.25668 0.23071 0.20756 0.25751 0.22917 0.20416 0.18207 0.23199 0.20462 0.18068 0.15971 0.20900 0.18270 0.15989 0.14010 0.21494 0.19542 0.17781 0.16192 0.18691 0.16846 0.15197 0.13722 0.16253 0.14523 0.12989 0.11629 0.14133 0.12520 0.11102 0.09855 0.12289 0.10793 0.09489 0.08352 ⑆2315 11 14 67822 22222 16 0.25187 0.21763 0.18829 0.16312 17 0.23107 0.19784 0.16963 0.14564 18 0.21199 0.17986 0.15282 19 20 0.17843 0.19449 0.16351 0.13768 0.14864 0.12403 0.14150 0.12289 0.12522 0.10780 0.13004 0.11081 0.09456 0.11611 0.09806 0.08295 0.10367 0.08678 0.07276 0.10686 0.09304 0.08110 0.07078 0.09293 0.08021 0.06932 0.05998 0.08081 0.06914 0.05925 0.05083 0.07027 0.05961 0.05064 0.04308 0.06110 0.05139 0.04328 0.03651 21 0.16370 0.13513 0.15018 0.12285 23 0.13778 0.11168 24 0.12640 0.10153 25 0.11597 0.09230 0.08170 0.07361 0.06588 0.05882 0.11174 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 0.10067 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 0.04710 0.03779 0.03038 0.02447 0.01974 0.01596 6782222222 16 17 18 19 20 21 23 24 25 Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Interest Rate (%) Compounded $38,000 6 years 4 semiannually +A Present Value Compound Interest $ +A
Chapter1: Financial Statements And Business Decisions
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