Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answers to the nearest whole number.) Investment Total Amount of Rate of Number of Return Value at the End Total Amount of of Time Period Annual Interest or Earnings Deposit Years Investment $ 3,000 8 % 7 $ 3,000 12 % 7 $ 3,000 8 % 14 $ 3,000 12 % 14
Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answers to the nearest whole number.) Investment Total Amount of Rate of Number of Return Value at the End Total Amount of of Time Period Annual Interest or Earnings Deposit Years Investment $ 3,000 8 % 7 $ 3,000 12 % 7 $ 3,000 8 % 14 $ 3,000 12 % 14
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
100%
Transcribed Image Text:Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answers to the nearest whole
number.)
Investment
Total Amount of
Value at the End Total Amount of
of Time Period
Annual
Rate of Number of
Interest or
Deposit
Return
Years
Investment
Earnings
$ 3,000
8 %
7
$ 3,000
12 %
7
$ 3,000
8 %
14
$ 3,000
12 %
14
Transcribed Image Text:Exhibit 1-B Future value (compounded sum) of $1 paid in at the end of each period for a given number of time periods (an annuity)
1%
3%
1.000
2.030
Period
2%
4%
5%
6%
7%
8%
9%
10%
11%
1
1.000
2.020
3.060
4.122
5.204
6.308
7.434
1.000
2.040
3.122
1.000
2.050
3.153
1.000
1.000
1.000
1.000
1.000
1.000
1.000
2.010
3.030
2.070
3.215
4.440
5.751
2.090
3.278
4.573
5.985
2.100
3.310
4.641
6.105
7.716
9.487
2.110
3.342
4.710
6.228
7.913
2.060
2.080
3
3.184
4.375
3.091
3.246
4.184
5.309
6.468
7.662
4
4.060
4.246
4.310
4.506
5.101
5.416
6.633
7.898
9.214
10.583
12.006
13.486
15.026
16.627
18.292
20.024
21.825
23.698
25.645
27.671
29.778
41.646
56.085
5.526
5.637
5.867
6.975
8.394
7.336
8.923
6.152
6.802
7.153
7.523
7
7.214
8.142
8.654
9.200
9.783
8.583
11.028
13.021
15.193
17.560
20.141
22.953
8.286
10.260
11.436
13.579
11.859
14.164
16.722
8.
8.892
9.549
9.897
10.637
9.369
9.755
10.159
11.027
11.491
11.978
12.488
12.578
14.207
10
10.462
10.950
11.464
13.181
13.816
14.487
15.937
12.169
13.412
15.784
16.645
18.977
21.495
11
11.567
12.808
14.972
18.531
19.561
12.683
13.809
17.888
22.713
15.917
17.713
21.384
24.523
27.975
31.772
12
14.192
16.870
18.882
21.015
23.276
25.673
13
14
14.680
15.618
20.141
26.212
17.086
18.599
22.550
25.129
19.599
30.095
26.019
29.361
14.947
15.974
24.215
16.097
17.258
18.430
19.615
17.293
18.639
20.012
21.579
23.657
25.840
15
27.152
34.405
16
27.888
30.840
33.999
37.379
40.995
63.249
33.003
36.974
20.157
30.324
35.950
39.190
21.762
28.213
33.750
40.545
45.599
17
44.501
18
21.412
23.414
28.132
30.906
37.450
41.301
50.396
19
20
25
22.841
24.297
32.030
40.568
25.117
33.760
36.786
46.018
51.160
84.701
136.308
56.939
64.203
114.413
20.811
30.539
41.446
51.159
33.066
47.727
66.439
45.762
73.106
113.283
22.019
26.870
57.275
98.347
28.243
34.785
48.886
64.463
36.459
54.865
30
47.575
79.058
94.461
164.494
199.021
60.402
84.579
95.026
152.667
154.762
199.635
259.057
573.770
337.882
815.084
442.593
1163.909
581.826
1668.771
40
75.401
120.800
50
112.797
209.348
290.336
406.529
Period
1
12%
13%
14%
15%
16%
17%
18%
19%
20%
25%
30%
1.000
2.140
3.440
4.921
6.610
8.536
10.730
1.000
2.150
3.473
1.000
1.000
2.190
3.606
1.000
2.200
3.640
1.000
2.300
3.990
1.000
1.000
1.000
1.000
1.000
2.120
3.374
4.779
6.353
2.130
3.407
4.850
6.480
2.250
3.813
5.766
8.207
2.160
2.170
2.180
3
3.506
3.572
5.215
3.539
4
4.993
5.066
5.141
5.291
5.368
6.187
6.742
6.877
7.014
7.154
7.297
7.442
9.043
8.323
10.405
12.757
15.416
18.420
21.814
9.683
12.523
6.
8.115
8.754
8.977
9.207
9.442
9.930
11.259
12.756
12.142
12.916
17.583
23.858
7
10.089
11.067
11.414
11.772
15.073
13.727
12.300
14.776
17.549
20.655
24.133
28.029
14.773
18.285
15.327
19.086
8
13.233
14.240
15.902
16.499
19.842
17.519
21.321
25.733
30.850
25.802
33.253
42.566
54.208
16.085
19.923
24.709
20.799
25.959
32.150
39.581
48.497
59.196
16.786
32.015
20.304
24.349
29.002
34.352
40.505
47.580
55.717
65.075
75.836
10
19.337
22.393
23.521
42.619
11
12
23.045
27.271
32.089
27.200
56.405
74.327
97.625
127.913
167.286
28.755
30.404
25.650
29.985
37.180
45.244
32.824
34.931
39.404
42.219
50.818
13
36.786
68.760
14
32.393
34.883
37.581
43.672
47.103
54.841
86.949
40.417
46.672
53.739
61.725
70.749
37.280
42.753
51.660
60.925
71.673
15
43.842
56.110
60.965
66.261
72.035
109.687
50.980
66.649
78.979
93.406
138.109
173.636
218.045
273.556
87.442
105.931
218.472
285.014
371.518
483.973
16
72.939
79.850
96.022
115.266
17
48.884
59.118
87.068
18
55.750
68.394
84.141
103.740
128.117
154.740
186.688
471.981
1181.882
7343.858
45497.191
19
20
25
63.440
72.052
133.334
241.333
767.091
2400.018
78.969
98.603
115.380
249.214
88.212
110.285
123.414
138.166
146.628
342.603
130.033
292.105
647.439
3134.522
15089.502
91.025
102.444
212.793
434.745
1779.090
165.418
402.042
966.712
5529.829
31515.340
80.947
342.945
630.165
155.620
293.199
1013.704
3459.507
181.871
356.787
1342.025
4994,521
1054.791
3227.174
30088,655
280255,693 1659760.743
2348.803
8729.985
120392.883
30
530.312
790.948
40
50
2360.757
4163.213
7217.716
10435.649
21813.094
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