Complete the following using compound future value. (Use the Table 12.1 provided.) Note:Round your answers to the nearest cent. Time Principal Rate Compounded Amount Interest 12 years $15,000 3 1/2% Annually
Complete the following using compound future value. (Use the Table 12.1 provided.) Note:Round your answers to the nearest cent. Time Principal Rate Compounded Amount Interest 12 years $15,000 3 1/2% Annually
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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12. Complete the following using compound
Note:Round your answers to the nearest cent.
| Time | Principal | Rate | Compounded | Amount | Interest |
| 12 years | $15,000 | 3 1/2% | Annually |
Future value interest factor of $1 per period at i% for n periods, FVIF(i,n).
| Period | 0.5% | 1.0% | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% | 4.5% | 5.0% | 5.5% | 6.0% | 6.5% | 7.0% | 7.5% | 8.0% | 8.5% | 9.0% | 9.5% | 10.0% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1.0050 | 1.0100 | 1.0150 | 1.0200 | 1.0250 | 1.0300 | 1.0350 | 1.0400 | 1.0450 | 1.0500 | 1.0550 | 1.0600 | 1.0650 | 1.0700 | 1.0750 | 1.0800 | 1.0850 | 1.0900 | 1.0950 | 1.1000 |
| 2 | 1.0100 | 1.0201 | 1.0302 | 1.0404 | 1.0506 | 1.0609 | 1.0712 | 1.0816 | 1.0920 | 1.1025 | 1.1130 | 1.1236 | 1.1342 | 1.1449 | 1.1556 | 1.1664 | 1.1772 | 1.1881 | 1.1990 | 1.2100 |
| 3 | 1.0151 | 1.0303 | 1.0457 | 1.0612 | 1.0769 | 1.0927 | 1.1087 | 1.1249 | 1.1412 | 1.1576 | 1.1742 | 1.1910 | 1.2079 | 1.2250 | 1.2423 | 1.25.97 | 1.2773 | 1.2950 | 1.3129 | 1.3310 |
| 4 | 1.0202 | 1.0406 | 1.0614 | 1.0824 | 1.1038 | 1.1255 | 1.1475 | 1.1699 | 1.1925 | 1.2155 | 1.2388 | 1.2625 | 1.2865 | 1.3108 | 1.3355 | 1.3605 | 1.3859 | 1.4116 | 1.4377 | 1.4641 |
| 5 | 1.0253 | 1.0510 | 1.0773 | 1.1041 | 1.1314 | 1.1593 | 1.1877 | 1.2167 | 1.2462 | 1.2763 | 1.3070 | 1.3382 | 1.3701 | 1.4026 | 1.4356 | 1.4693 | 1.5037 | 1.5386 | 1.5742 | 1.6105 |
| 6 | 1.0304 | 1.0615 | 1.0934 | 1.1262 | 1.1597 | 1.1941 | 1.2293 | 1.2653 | 1.3023 | 1.3401 | 1.3788 | 1.4185 | 1.4591 | 1.5007 | 1.5433 | 1.5869 | 1.6315 | 1.6771 | 1.7238 | 1.7716 |
| 7 | 1.0355 | 1.0721 | 1.1098 | 1.1487 | 1.1887 | 1.2299 | 1.2723 | 1.3159 | 1.3609 | 1.4071 | 1.4547 | 1.5036 | 1.5540 | 1.6058 | 1.6590 | 1.7138 | 1.7701 | 1.8280 | 1.8876 | 1.9487 |
| 8 | 1.0407 | 1.0829 | 1.1265 | 1.1717 | 1.2184 | 1.2668 | 1.3168 | 1.3686 | 1.4221 | 1.4775 | 1.5347 | 1.5938 | 1.6550 | 1.7182 | 1.7835 | 1.85.09 | 1.9206 | 1.9926 | 2.0669 | 2.1436 |
| 9 | 1.0459 | 1.0937 | 1.1434 | 1.1951 | 1.2489 | 1.3048 | 1.3629 | 1.4233 | 1.4861 | 1.5513 | 1.6191 | 1.6895 | 1.7626 | 1.8385 | 1.9172 | 1.9990 | 2.0839 | 2.1719 | 2.2632 | 2.3579 |
| 10 | 1.0511 | 1.1046 | 1.1605 | 1.2190 | 1.2801 | 1.3439 | 1.4106 | 1.4802 | 1.5530 | 1.6289 | 1.7081 | 1.7908 | 1.8771 | 1.9672 | 2.0610 | 2.1589 | 2.2610 | 2.3674 | 2.4782 | 2.5937 |
| 11 | 1.0564 | 1.1157 | 1.1779 | 1.2434 | 1.3121 | 1.3842 | 1.4600 | 1.5395 | 1.6229 | 1.7103 | 1.8021 | 1.8983 | 1.9992 | 2.1049 | 2.2156 | 2.3316 | 2.4532 | 2.5804 | 2.7137 | 2.8531 |
| 12 | 1.0617 | 1.1268 | 1.1956 | 1.2682 | 1.3449 | 1.4258 | 1.5111 | 1.6010 | 1.6959 | 1.7959 | 1.9012 | 2.0122 | 2.1291 | 2.2522 | 2.3818 | 2.5182 | 2.6617 | 2.8127 | 2.9715 | 3.1384 |
| 13 | 1.0670 | 1.1381 | 1.2136 | 1.2936 | 1.3785 | 1.4685 | 1.5640 | 1.6651 | 1.7722 | 1.8856 | 2.0058 | 2.1329 | 2.2675 | 2.4098 | 2.5604 | 2.7196 | 2.8879 | 3.0658 | 3.2537 | 3.4523 |
| 14 | 1.0723 | 1.1495 | 1.2318 | 1.3195 | 1.4130 | 1.5126 | 1.6187 | 1.7317 | 1.8519 | 1.9799 | 2.1161 | 2.2609 | 2.4149 | 2.5785 | 2.7524 | 2.9372 | 3.1334 | 3.3417 | 3.5629 | 3.7975 |
| 15 | 1.0777 | 1.1610 | 1.2502 | 1.3459 | 1.4483 | 1.5580 | 1.6753 | 1.8009 | 1.9353 | 2.0789 | 2.2325 | 2.3966 | 2.5718 | 2.7590 | 2.9589 | 3.1T22 | 3.3997 | 3.6425 | 3.9013 | 4.1772 |
| 16 | 1.0831 | 1.1726 | 1.2690 | 1.3728 | 1.4845 | 1.6047 | 1.7340 | 1.8730 | 2.0224 | 2.1829 | 2.3553 | 2.5404 | 2.7390 | 2.9522 | 3.1808 | 3.42:59 | 3.6887 | 3.9703 | 4.2719 | 4.5950 |
| 17 | 1.0885 | 1.1843 | 1.2880 | 1.4002 | 1.5216 | 1.6528 | 1.7947 | 1.9479 | 2.1134 | 2.2920 | 2.4848 | 2.6928 | 2.9170 | 3.1588 | 3.4194 | 3.7000 | 4.0023 | 4.3276 | 4.6778 | 5.0545 |
| 18 | 1.0939 | 1.1961 | 1.3073 | 1.4282 | 1.5597 | 1.7024 | 1.8575 | 2.0258 | 2.2085 | 2.4066 | 2.6215 | 2.8543 | 3.1067 | 3.3799 | 3.6758 | 3.9960 | 4.3425 | 4.7171 | 5.1222 | 5.5599 |
| 19 | 1.0994 | 1.2081 | 1.3270 | 1.4568 | 1.5987 | 1.7535 | 1.9225 | 2.1068 | ||||||||||||
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