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Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the neare Compound Amount $200,000 Term of Investment 10 years Nominal Rate (%) 4 Interest Compounded annually $ Present Value $ Compound Interest

Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the neare Compound Amount $200,000 Term of Investment 10 years Nominal Rate (%) 4 Interest Compounded annually $ Present Value $ Compound Interest

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Periods 1 2 3 4 5 6 Prag HDINS DE 2 7 12 14 19 20 21 22 23 24 25 0.99502 0.99007 0.98030 0.98515 0.97059 0.98025 0.96098 0.97537 0.95147 0.97052 0.96569 0.96089 0.95610 0.95135 1% 1/1/% 2% 0.99010 0.98522 0.98039 0.90056 0.89608 0.89162 0.94205 0.93272 0.92348 0.91434 0.90529 0.94661 0.89632 0.84893 0.80426 0.94191 0.88745 0.83639 0.78849 0.93722 0.87866 0.82403 0.77303 0.93256 0.86996 0.81185 0.75788 0.92792 0.86135 0.79985 0.74301 0.92330 0.91871 0.84438 0.85282 0.78803 0.77639 0.83602 0.76491 0.90959 0.82774 0.75361 0.91414 0.90506 0.81954 0.74247 3% 4% 5% 6% 7% 8% 0.93458 0.92593 0.97087 0.96154 0.94260 0.92456 0.95238 0.94340 0.97066 0.96117 0.90703 0.89000 0.87344 0.85734 0.95632 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.94218 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.92826 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.91454 0.88797 0.83748 0.90103 0.87056 0.88771 0.85349 0.87459 0.83676 0.86167 0.82035 0.59627 0.56447 0.54703 0.51316 0.50187 0.46651 0.46043 0.42410 0.42241 0.38554 0.16370 0.15018 0.81143 0.73150 0.80340 0.72069 0.79544 0.71004 0.88719 0.78757 0.69954 0.88277 0.77977 0.38753 0.35049 0.35553 0.31863 0.32618 0.28966 0.29925 0.26333 0.27454 0.23939 0.25187 0.21763 0.23107 0.19784 0.21199 0.17986 0.19449 0.16351 0.17843 0.14864 0.72845 0.71416 0.53464 0.48166 0.43393 0.39092 0.35218 0.70016 0.68643 0.67297 0.18829 0.16963 0.15282 0.13768 0.12403 0.81309 0.75992 0.78941 0.73069 0.76642 0.74409 0.67556 0.72242 0.64958 0.70138 0.68095 0.60057 0.53032 0.66112 0.57748 0.50507 0.64186 0.55526 0.48102 0.62317 0.60502 0.79031 0.74622 0.70496 0.71068 0.66506 0.67684 0.62741 0.70259 0.64461 0.59190 0.61391 0.55839 0.53391 0.51337 0.58739 0.49363 0.41552 0.57029 0.47464 0.55368 0.45639 0.37689 0.58468 0.52679 0.62460 0.55684 0.49697 0.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.19866 0.64684 0.52189 0.42196 0.34185 0.27751 0.22571 0.18394 0.63416 0.50669 0.40573 0.32557 0.26180 0.21095 0.17032 0.62172 0.49193 0.39012 0.31007 0.24698 0.19715 0.68921 0.60953 0.47761 0.37512 0.29530 0.23300 0.18425 15% 0.86957 0.75614 0.65752 9% 10% 11% 12% 13% 14% 16% 17% 18% 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86207 0.85470 0.84746 0.84168 0.82645 0.81162 0.79719 0.78315 0.76947 0.74316 0.73051 0.71818 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 0.64066 0.62437 0.60863 0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.55229 0.53365 0.51579 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.47611 0.45611 0.43711 0.50663 0.48032 0.45559 0.43233 0.41044 0.38984 0.37043 0.45235 0.42506 0.39964 0.37594 0.35383 0.33320 0.31393 0.40388 0.37616 0.35056 0.32690 0.30503 0.28478 0.26604 0.36061 0.33288 0.30751 0.28426 0.26295 0.24340 0.22546 0.32197 0.29459 0.26974 0.24718 0.22668 0.20804 0.31728 0.28748 0.26070 0.23662 0.21494 0.28584 0.25668 0.23071 0.20756 0.18691 0.25751 0.22917 0.20416 0.18207 0.16253 0.23199 0.20462 0.18068 0.15971 0.14133 0.20900 0.18270 0.15989 0.14010 0.12289 0.19106 The values in Table 11-2 were generated by the formula PV = n is the total number of periods. 0.45811 0.43630 1 (1 + i)" 0.47509 0.42888 0.44401 0.39711 0.46884 0.41496 0.36770 0.44230 0.38782 0.34046 0.41727 0.36245 0.31524 0.66634 0.63017 0.62275 0.58349 0.58201 0.54027 0.54393 0.50025 0.50835 0.46319 0.39365 0.33873 0.29189 0.37136 0.31657 0.27027 0.29586 0.25025 0.27651 0.23171 0.25842 0.21455 0.35034 0.39573 0.33051 0.31180 0.16312 0.14150 0.12289 0.10686 0.09304 0.08110 0.07078 0.14564 0.12522 0.10780 0.09293 0.08021 0.06932 0.05998 0.13004 0.11081 0.09456 0.08081 0.06914 0.05925 0.05083 0.11611 0.09806 0.08295 0.07027 0.05961 0.05064 0.04308 0.10367 0.08678 0.07276 0.06110 0.05139 0.04328 0.03651 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 0.11168 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 0.12640 0.10153 0.08170 0.06588 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0.02447 0.01974 0.01596 0.13513 0.11174 0.12285 0.10067 0.13778 0.15770 0.14602 0.19542 0.17781 0.16192 0.16846 0.15197 0.13722 0.14523 0.12989 0.11629 0.12520 0.11102 0.09855 0.10793 0.09489 0.08352 Periods 1 2 3 4 5 6 7 8 9 10 HDDHD 95%98 18 21 25 Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 rounded to five decimal places, where i is the interest rate per period and
Transcribed Image Text:Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Periods 1 2 3 4 5 6 Prag HDINS DE 2 7 12 14 19 20 21 22 23 24 25 0.99502 0.99007 0.98030 0.98515 0.97059 0.98025 0.96098 0.97537 0.95147 0.97052 0.96569 0.96089 0.95610 0.95135 1% 1/1/% 2% 0.99010 0.98522 0.98039 0.90056 0.89608 0.89162 0.94205 0.93272 0.92348 0.91434 0.90529 0.94661 0.89632 0.84893 0.80426 0.94191 0.88745 0.83639 0.78849 0.93722 0.87866 0.82403 0.77303 0.93256 0.86996 0.81185 0.75788 0.92792 0.86135 0.79985 0.74301 0.92330 0.91871 0.84438 0.85282 0.78803 0.77639 0.83602 0.76491 0.90959 0.82774 0.75361 0.91414 0.90506 0.81954 0.74247 3% 4% 5% 6% 7% 8% 0.93458 0.92593 0.97087 0.96154 0.94260 0.92456 0.95238 0.94340 0.97066 0.96117 0.90703 0.89000 0.87344 0.85734 0.95632 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.94218 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.92826 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.91454 0.88797 0.83748 0.90103 0.87056 0.88771 0.85349 0.87459 0.83676 0.86167 0.82035 0.59627 0.56447 0.54703 0.51316 0.50187 0.46651 0.46043 0.42410 0.42241 0.38554 0.16370 0.15018 0.81143 0.73150 0.80340 0.72069 0.79544 0.71004 0.88719 0.78757 0.69954 0.88277 0.77977 0.38753 0.35049 0.35553 0.31863 0.32618 0.28966 0.29925 0.26333 0.27454 0.23939 0.25187 0.21763 0.23107 0.19784 0.21199 0.17986 0.19449 0.16351 0.17843 0.14864 0.72845 0.71416 0.53464 0.48166 0.43393 0.39092 0.35218 0.70016 0.68643 0.67297 0.18829 0.16963 0.15282 0.13768 0.12403 0.81309 0.75992 0.78941 0.73069 0.76642 0.74409 0.67556 0.72242 0.64958 0.70138 0.68095 0.60057 0.53032 0.66112 0.57748 0.50507 0.64186 0.55526 0.48102 0.62317 0.60502 0.79031 0.74622 0.70496 0.71068 0.66506 0.67684 0.62741 0.70259 0.64461 0.59190 0.61391 0.55839 0.53391 0.51337 0.58739 0.49363 0.41552 0.57029 0.47464 0.55368 0.45639 0.37689 0.58468 0.52679 0.62460 0.55684 0.49697 0.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.19866 0.64684 0.52189 0.42196 0.34185 0.27751 0.22571 0.18394 0.63416 0.50669 0.40573 0.32557 0.26180 0.21095 0.17032 0.62172 0.49193 0.39012 0.31007 0.24698 0.19715 0.68921 0.60953 0.47761 0.37512 0.29530 0.23300 0.18425 15% 0.86957 0.75614 0.65752 9% 10% 11% 12% 13% 14% 16% 17% 18% 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86207 0.85470 0.84746 0.84168 0.82645 0.81162 0.79719 0.78315 0.76947 0.74316 0.73051 0.71818 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 0.64066 0.62437 0.60863 0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.55229 0.53365 0.51579 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.47611 0.45611 0.43711 0.50663 0.48032 0.45559 0.43233 0.41044 0.38984 0.37043 0.45235 0.42506 0.39964 0.37594 0.35383 0.33320 0.31393 0.40388 0.37616 0.35056 0.32690 0.30503 0.28478 0.26604 0.36061 0.33288 0.30751 0.28426 0.26295 0.24340 0.22546 0.32197 0.29459 0.26974 0.24718 0.22668 0.20804 0.31728 0.28748 0.26070 0.23662 0.21494 0.28584 0.25668 0.23071 0.20756 0.18691 0.25751 0.22917 0.20416 0.18207 0.16253 0.23199 0.20462 0.18068 0.15971 0.14133 0.20900 0.18270 0.15989 0.14010 0.12289 0.19106 The values in Table 11-2 were generated by the formula PV = n is the total number of periods. 0.45811 0.43630 1 (1 + i)" 0.47509 0.42888 0.44401 0.39711 0.46884 0.41496 0.36770 0.44230 0.38782 0.34046 0.41727 0.36245 0.31524 0.66634 0.63017 0.62275 0.58349 0.58201 0.54027 0.54393 0.50025 0.50835 0.46319 0.39365 0.33873 0.29189 0.37136 0.31657 0.27027 0.29586 0.25025 0.27651 0.23171 0.25842 0.21455 0.35034 0.39573 0.33051 0.31180 0.16312 0.14150 0.12289 0.10686 0.09304 0.08110 0.07078 0.14564 0.12522 0.10780 0.09293 0.08021 0.06932 0.05998 0.13004 0.11081 0.09456 0.08081 0.06914 0.05925 0.05083 0.11611 0.09806 0.08295 0.07027 0.05961 0.05064 0.04308 0.10367 0.08678 0.07276 0.06110 0.05139 0.04328 0.03651 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 0.11168 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 0.12640 0.10153 0.08170 0.06588 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0.02447 0.01974 0.01596 0.13513 0.11174 0.12285 0.10067 0.13778 0.15770 0.14602 0.19542 0.17781 0.16192 0.16846 0.15197 0.13722 0.14523 0.12989 0.11629 0.12520 0.11102 0.09855 0.10793 0.09489 0.08352 Periods 1 2 3 4 5 6 7 8 9 10 HDDHD 95%98 18 21 25 Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 rounded to five decimal places, where i is the interest rate per period and
Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount $200,000 Term of Investment 10 years Nominal Rate (%) 4 Interest Compounded annually LA Present Value Compound Interest
Transcribed Image Text:Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount $200,000 Term of Investment 10 years Nominal Rate (%) 4 Interest Compounded annually LA Present Value Compound Interest
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