Compare the intarest earned by $8,000 for five years at 8% simpile interest with interest eamed by the same amount for five years at % compounded anly Why Bei Cick the icon to view the interest and annuty tatble for discrete compounding when % per year
Compare the intarest earned by $8,000 for five years at 8% simpile interest with interest eamed by the same amount for five years at % compounded anly Why Bei Cick the icon to view the interest and annuty tatble for discrete compounding when % per year
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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![More Info
Discrete Compounding; i=8%
Single Payment
Uniform Series
Compound
Amount
Compound
Amount
Factor
Sinking
Fund
Capital
Recovery
Factor
Present
Present
Factor
Worth Factor
Worth Factor
Factor
To Find F
To Find P
Given F
To Find F
To Find P
To Find A
To Find A
Given P
A/P
Given P
Given A
Given A
Given F
F/P
P/F
FIA
PIA
A/F
1
1.0800
0.9259
1.0000
0.9259
1.0000
1.0800
2
1.1664
0.8573
2.0800
1.7833
0.4808
0.5608
3
1.2597
0.7938
3.2464
2.5771
0.3080
0.3880
0.3019
0.2505
1.3605
0.7350
4.5061
3.3121
0.2219
5
1.4693
0.6806
5.8666
3.9927
0.1705
6.
1.5869
0.6302
7.3359
4.6229
0.1363
0.2163
1.7138
0.5835
Eka228
5.2064
0.1121
0.1921
8.
1.8509
0.5403
10.6366
5.7466
0.0940
0.1740
9.
1.9990
0.5002
12.4876
6.2469
0.0801
0.1601
10
2.1589
0.4632
14.4866
6.7101
0.0690
0.1490
11
2.3316
0.4289
16.6455
7.1390
0.0601
0.1401
12
2.5182
0.3971
18.9771
7.5361
0.0527
0.1327
2.7196
0.3677
21.4953
7.9038
0.0465
0.1265
13
2.9372
0.3405
24.2149
8.2442
0.0413
0.1213
14
3.1722
27.1521
8.5595
0.0368
0.1168
15
0.3152
Print
Done](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff4bf7407-7643-49aa-a959-79b0583b19db%2Fb3ce4609-f7a7-41db-9932-5ab6504c8ab5%2Ftgn3lbm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:More Info
Discrete Compounding; i=8%
Single Payment
Uniform Series
Compound
Amount
Compound
Amount
Factor
Sinking
Fund
Capital
Recovery
Factor
Present
Present
Factor
Worth Factor
Worth Factor
Factor
To Find F
To Find P
Given F
To Find F
To Find P
To Find A
To Find A
Given P
A/P
Given P
Given A
Given A
Given F
F/P
P/F
FIA
PIA
A/F
1
1.0800
0.9259
1.0000
0.9259
1.0000
1.0800
2
1.1664
0.8573
2.0800
1.7833
0.4808
0.5608
3
1.2597
0.7938
3.2464
2.5771
0.3080
0.3880
0.3019
0.2505
1.3605
0.7350
4.5061
3.3121
0.2219
5
1.4693
0.6806
5.8666
3.9927
0.1705
6.
1.5869
0.6302
7.3359
4.6229
0.1363
0.2163
1.7138
0.5835
Eka228
5.2064
0.1121
0.1921
8.
1.8509
0.5403
10.6366
5.7466
0.0940
0.1740
9.
1.9990
0.5002
12.4876
6.2469
0.0801
0.1601
10
2.1589
0.4632
14.4866
6.7101
0.0690
0.1490
11
2.3316
0.4289
16.6455
7.1390
0.0601
0.1401
12
2.5182
0.3971
18.9771
7.5361
0.0527
0.1327
2.7196
0.3677
21.4953
7.9038
0.0465
0.1265
13
2.9372
0.3405
24.2149
8.2442
0.0413
0.1213
14
3.1722
27.1521
8.5595
0.0368
0.1168
15
0.3152
Print
Done
![Compare the intarost eamed by $8,000 for five years at 8% simple interest with interest earmed by the same amount for five years at 8% compounded annaly Why does a diference occur?
Cick the icon to view the interest and annuity table for discrete compounding when i% per year
The simple interest eamed is (Round to the nearest dollar)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff4bf7407-7643-49aa-a959-79b0583b19db%2Fb3ce4609-f7a7-41db-9932-5ab6504c8ab5%2F8cwlabj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Compare the intarost eamed by $8,000 for five years at 8% simple interest with interest earmed by the same amount for five years at 8% compounded annaly Why does a diference occur?
Cick the icon to view the interest and annuity table for discrete compounding when i% per year
The simple interest eamed is (Round to the nearest dollar)
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