Ellen Quarles recently opened a savings account. If Ellen deposits $1000 and the amount compounded annually at 8%, how much will Ellen have at the end of five years (round your answer to the nearest dollar)? Compound Value Interest Factors Period 25 46 12% 1 10% 15% 1.8200 10400 10600 10800 1.1000 1.1200 1.1500 2 1.0404 1.0016 11236 16640 12100 12544 13225 10612 1.1249 1.1910 12597 13310 1.4049 4 1.0824 1.1699 12625 1.3605 14641 15735 1.1041 12167 1.1262 13653 16105 1.7623 20114 1.1487 13159 1.5036 1.1717 13686 15938 1.1951 14233 16895 1.9990 1.7490 13382 14693 14185 15869 17716 15738 2.3131 19487 22107 26600 2.1436 24760 2.3579 2.7731 35179 5.1598 10590 42990 12190 1.4002 1.7908 21589 25937 3.1058 12434 15395 18963 40456 6.1917 23316 28531 34785 46524 74301 25182 3.1384 38960 53502 89161 27196 34523 4.3635 6.1528 10.6990 12682 16010 20122 12936 1.4451 21329 1.3195 12317 22609 29372 13459 1.2009 23966 31722 E S 9 L . 9 10 11 12 13 14 15 16 17 18 19 20 Select one: 17138 1.8509 O a $1469 Ob $1610 Oc $1664 Od. $1000 1372 18730 25404 3.4259 4.5950 6.1304 14002 13479 24928 3.7000 5.0545 6.8660 14282 20258 28543 39960 55599 76900 14568 2.1068 3.0256 43157 6.1159 86128 14859 21911 32071 46410 67275 9.6463 20% 1.2000 14400 15209 1.7280 20736 24883 29860 3.5832 37975 48871 70757 4.1772 54736 81371 9.3576 18.4880 107610 221860 12.3750 26.6230 142310 31.9480 163660 38.3370 12.8390 15.4070
Ellen Quarles recently opened a savings account. If Ellen deposits $1000 and the amount compounded annually at 8%, how much will Ellen have at the end of five years (round your answer to the nearest dollar)? Compound Value Interest Factors Period 25 46 12% 1 10% 15% 1.8200 10400 10600 10800 1.1000 1.1200 1.1500 2 1.0404 1.0016 11236 16640 12100 12544 13225 10612 1.1249 1.1910 12597 13310 1.4049 4 1.0824 1.1699 12625 1.3605 14641 15735 1.1041 12167 1.1262 13653 16105 1.7623 20114 1.1487 13159 1.5036 1.1717 13686 15938 1.1951 14233 16895 1.9990 1.7490 13382 14693 14185 15869 17716 15738 2.3131 19487 22107 26600 2.1436 24760 2.3579 2.7731 35179 5.1598 10590 42990 12190 1.4002 1.7908 21589 25937 3.1058 12434 15395 18963 40456 6.1917 23316 28531 34785 46524 74301 25182 3.1384 38960 53502 89161 27196 34523 4.3635 6.1528 10.6990 12682 16010 20122 12936 1.4451 21329 1.3195 12317 22609 29372 13459 1.2009 23966 31722 E S 9 L . 9 10 11 12 13 14 15 16 17 18 19 20 Select one: 17138 1.8509 O a $1469 Ob $1610 Oc $1664 Od. $1000 1372 18730 25404 3.4259 4.5950 6.1304 14002 13479 24928 3.7000 5.0545 6.8660 14282 20258 28543 39960 55599 76900 14568 2.1068 3.0256 43157 6.1159 86128 14859 21911 32071 46410 67275 9.6463 20% 1.2000 14400 15209 1.7280 20736 24883 29860 3.5832 37975 48871 70757 4.1772 54736 81371 9.3576 18.4880 107610 221860 12.3750 26.6230 142310 31.9480 163660 38.3370 12.8390 15.4070
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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Transcribed Image Text:Ellen Quarles recently opened a savings account. If Ellen deposits $1000 and the amount compounded annually at 8%, how much will Ellen
have at the end of five years (round your answer to the nearest dollar)?
Compound Value Interest Factors
Period
2%
4% 6%
2
1.8200 1.0400 10600 10800
1.0404 1.0016 11236 16640
3 10612 1.1249 1.1910 12597
4 1.0824 1.1699 12625
5
1.1041 12167
1.1262 13653
7 1.1487 13159
13382 14693
14185 15869
15036 1.7138
1.1717 13686 15938 18509
1
9
·
10
11
12
13
14
15
16
17
18
19
20
12% 15%
20%
10%
1.1000 1.1200 1.1500 1.2000
12100 12544 13225 14400
13310 1.4049 15209 1.7280
1.3605 14641 15735
16105 1.7623 20114 24683
1.7490 20736
17716 1.9738 23131
2.9860
19487 22107 26600 3.5832
1.1951 14233 1.6895 1.9990 2.3579 2.7731 35179 5.1598
2.1436 24760 3.0590 42998
1.2190 14902 1.7908 21589 25937 3.1058
12434 15395 13983 23316
40456 6.1917
12682 16010 20122 25182 3.1384 3.8960 53502
2.8531 34785 46524 74301
12936 1.4451 21329 27196
6.9161
13195 12317 22609 29372
34523 43635
61528
13459 1.2009 23966 3.1722
37975 48871 7.0757
41772 54736
1372 18730 25404 34259
8.1371
14002 13479 26928 3.7000 5.0545 6.8660
4.5950 6.1304 9.3576
14282 2.0258 28543 39960 55599 76900
14568 2.1068 3.0256 43157
18.4880
10.7610 22.1860
12.3750 26.6230
6.1159 86128
14859 2.1911 32071 46410 67275 9.6463
Select one:
O a $1469
Ob $1610
Oc $1664
Od. $1000
10.6990
128390
15.4070
142310 31.9480
163660 38.3370
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