Complete the following using present value. (Use the Table 12.3.) (Do not round intermediate calculations. Round the "PV Factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 Amount desired at end of period Length of time Rate Compounded Period used Rate used PV factor used PV of amount desired at end of period $18,100 5 years 24% Quarterly %
Complete the following using present value. (Use the Table 12.3.) (Do not round intermediate calculations. Round the "PV Factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 Amount desired at end of period Length of time Rate Compounded Period used Rate used PV factor used PV of amount desired at end of period $18,100 5 years 24% Quarterly %
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
Complete the following using
| On PV Table 12.3 | |||||||
|
Amount desired at end of period |
Length of time |
Rate | Compounded |
Period used |
Rate used | PV factor used |
PV of amount desired at end of period |
| $18,100 | 5 years | 24% | Quarterly | % |
Transcribed Image Text:TABLE 12.3
Present value of $1 at end of period
Perlod
1%
14%
2%
3%
4%
5%
6%
7%
8%
9%
10%
1
9901
9852
9804
9709
9615
.9524
9434
9346
9259
.9174
9091
9803
.9707
.9612
9426
.9246
9070
8900
.8734
.8573
.8417
8264
9706
9563
9423
.9151
8890
.8638
8396
8163
7938
7722
7513
4
.9610
9422
.9238
.8885
8548
.8227
7921
7629
7350
7084
.6830
.9515
9283
.9057
8626
8219
.7835
7473
7130
.6806
.6499
.6209
.9420
9145
.8880
8375
7903
7462
7050
.6663
.6302
5963
.5645
7
.9327
.9010
8706
.8131
7599
7107
.6651
.6227
5835
.5470
5132
8.
.9235
8877
.8535
.7894
7307
.6768
.6274
5820
5403
.5019
4665
9.
.9143
8746
.8368
7664
7026
.6446
.5919
5439
5002
.4604
4241
10
.9053
.8617
.8203
7441
.6756
.6139
.5584
5083
4632
.4224
.3855
11
.8963
8489
.8043
7224
.6496
.5847
5268
4751
4289
.3875
3505
12
.8874
8364
.7885
7014
.6246
5568
4970
4440
3971
3555
3186
13
.8787
8240
.7730
.6810
.6006
.5303
4688
4150
3677
.3262
2897
14
.8700
.8119
7579
.6611
5775
.5051
.4423
.3878
.3405
2992
2633
15
.8613
7999
.7430
.6419
.5553
4810
4173
3624
.3152
2745
2394
16
.8528
.7880
7284
.6232
5339
4581
3936
3387
2919
2519
2176
17
.8444
.7764
7142
.6050
5134
4363
3714
.3166
2703
2311
.1978
18
.8360
.7649
.7002
.5874
.4936
.4155
3503
2959
2502
2120
.1799
19
.8277
.7536
.6864
.5703
4746
3957
3305
2765
2317
.1945
.1635
20
.8195
.7425
.6730
5537
.4564
3769
3118
2584
2145
.1784
.1486
21
.8114
.7315
.6598
.5375
4388
.3589
2942
2415
.1987
.1637
.1351
22
.8034
.7207
.6468
.5219
.4220
.3418
2775
2257
1839
.1502
.1228
23
.7954
.7100
.6342
5067
4057
3256
2618
2109
.1703
.1378
.1117
24
.7876
.6995
.6217
4919
3901
3101
2470
.1971
.1577
.1264
.1015
25
.7798
.6892
.6095
.4776
.3751
2953
2330
.1842
.1460
.1160
.0923
26
.7720
.6790
5976
4637
.3607
2812
2198
.1722
.1352
.1064
.0839
27
.7644
.6690
.5859
4502
3468
2678
2074
.1609
.1252
.0976
.0763
28
.7568
.6591
.5744
.4371
.3335
2551
.1956
.1504
.1159
.0895
.0693
29
.7493
.6494
5631
.4243
3207
2429
.1846
.1406
.1073
.0822
.0630
30
7419
6398
.5521
4120
3083
2314
.1741
.1314
0994
.0754
.0573
35
.7059
5939
5000
3554
2534
.1813
.1301
.0937
.0676
.0490
.0356
40
.6717
5513
4529
.3066
2083
.1420
.0972
.0668
0460
.0318
.0221
Note: For more detalled tables, see your booklet, the Business Math Handbook.
N 3
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