Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers Compound Amount Compound Interest Term of Nominal Interest Present Investment Rate (%) Compounded Value $32,000 6 years 4 semiannually $
Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers Compound Amount Compound Interest Term of Nominal Interest Present Investment Rate (%) Compounded Value $32,000 6 years 4 semiannually $
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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Question
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
Term of
Nominal
Interest
Present
Compound
Investment
Rate (%) Compounded
Value
Amount
Interest
$32,000
6 years
semiannually
$
$
4.
Transcribed Image Text:0.99502
0.99010
0.98522
0.98039
0.97087
0.96154
0.95238
0.94340
0.93458
0.92593
0.99007
0.98030
0.97066
0.96117
0.94260
0.92456
0.90703
0.89000
0.87344
0.85734
3.
0.98515
0.97059
0.95632
0.94232
0.91514
0.88900
0.86384
0.83962
0.81630
0.79383
4
0.98025
0.96098
0.94218
0.92385
0.88849
0.85480
0.82270
0.79209
0.76290
0.73503
4
0.97537
0.95147
0.92826
0.90573
0.86261
0.82193
0.78353
0.74726
0.71299
0.68058
5
6
0.97052
0.94205
0.91454
0.88797
0.83748
0.79031
0.74622
0.70496
0.66634
0.63017
0.96569
0.93272
0.90103
0.87056
0.81309
0.75992
0.71068
0.66506
0.62275
0.58349
8
0.96089
0.92348
0.88771
0.85349
0.78941
0.73069
0.67684
0.62741
0.58201
0.54027
9
0.95610
0.91434
0.87459
0.83676
0.76642
0.70259
0.64461
0.59190
0.54393
0.50025
10
0.95135
0.90529
0.86167
0.82035
0.74409
0.67556
0.61391
0.55839
0.50835
0.46319
10
11
0.94661
0.89632
0.84893
0.80426
0.72242
0.64958
0.58468
0.52679
0.47509
0.42888
12
0.94191
0.88745
0.83639
0.78849
0.70138
0.62460
0.55684
0.49697
0.44401
0.39711
12
13
0.93722
0.87866
0.82403
0.77303
0.68095
0.60057
0.53032
0.46884
0.41496
0.36770
13
14
0.93256
0.86996
0.81185
0.75788
0.66112
0.57748
0.50507
0.44230
0.38782
0.34046
14
15
0.92792
0.86135
0.79985
0.74301
0.64186
0.55526
0.48102
0.41727
0.36245
0.31524
15
16
0.92330
0.85282
0.78803
0.72845
0.62317
0.53391
0.45811
0.39365
0.33873
0.29189
16
17
0.91871
0.84438
0.77639
0.71416
0.60502
0.51337
0.43630
0.37136
0.31657
0.27027
17
18
0.91414
0.83602
0.76491
0.70016
0.58739
0.49363
0.41552
0.35034
0.29586
0.25025
18
19
0.90959
0.82774
0.75361
0.68643
0.57029
0.47464
0.39573
0.33051
0.27651
0.23171
19
20
0.90506
0.81954
0.74247
0.67297
0.55368
0.45639
0.37689
0.31180
0.25842
0.21455
20
21
0.90056
0.81143
0.73150
0.65978
0.53755
0.43883
0.35894
0.29416
0.24151
0.19866
21
22
0.89608
0.80340
0.72069
0.64684
0.52189
0.42196
0.34185
0.27751
0.22571
0.18394
22
23
0.89162
0.79544
0.71004
0.63416
0.50669
0.40573
0.32557
0.26180
0.21095
0.17032
23
24
0.88719
0.78757
0.69954
0.62172
0.49193
0.39012
0.31007
0.24698
0.19715
0.15770
24
25
0.88277
0.77977
0.68921
0.60953
0.47761
0.37512
0.29530
0.23300
0.18425
0.14602
25
Periods
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
Periods
0.91743
0.90909
0.90090
0.89286
0.88496
0.87719
0.86957
0.86207
0.85470
0.84746
0.84168
0.82645
0.81162
0.79719
0.78315
0.76947
0.75614
0.74316
0.73051
0.71818
3
0.77218
0.75131
0.73119
0.71178
0.69305
0.67497
0.65752
0.64066
0.62437
0,60863
3
4
0.70843
0.68301
0.65873
0.63552
0.61332
0,59208
0.57175
0.55229
0.53365
0.51579
4
0.64993
0.62092
0.59345
0.56743
0.54276
0.51937
0.49718
0.47611
0.45611
0.43711
0.59627
0.56447
0.53464
0.50663
0.48032
0.45559
0.43233
0.41044
0.38984
0.37043
6.
7
0.54703
0.51316
0.48166
0.45235
0.42506
0.39964
0.37594
0.35383
0.33320
0.31393
67999
49
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