Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) On FV Table 12.1 Period used Present value Length of time Rate Compounded Rate used FV factor used Future value 5 years 8 % Quarterly 2 % 2$ 12,988.90 20
Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) On FV Table 12.1 Period used Present value Length of time Rate Compounded Rate used FV factor used Future value 5 years 8 % Quarterly 2 % 2$ 12,988.90 20
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
Related questions
Question
Transcribed Image Text: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%
1.0050 1.0100 10150 1.0200
1.0100 1.0201 1.0302 1.0404
1.0151 1.0303 1.0457 1.0612
1.0202 1.0406 1.0614 1.0824
1.0253 1.0510 1.0773 1.1041
1.0304 1.0615 1.0934 1.1262
1.0721 1.1098 1.1487
1.0407 1.0829 1.1265| 1.1717
1.0459 1.0937 1.1434 1.1951
1.0511 1.1046 1.1605 1.2190
1.0564 1.1157 1.1779 1.2434
1.0617 1.1268 1.1956 1.2682
1.0670 1.1381 1.2136 1.2936
1.0723 1.1495 1.2318 1.3195
1.0777 1.1610 1.2502 1.3459
1.0831 1.1726 1.2690 1.3728
1.2880 1.4002
1.0939 1.1961 1.3073 1.4282
1.0994 1.2081 1.3270 1.4568
1.1049 1.2202 1.3469 1.4859
1.1104 1.2324 1.3671 1.5157
1.1160 1.2447 1.3876 1.5460
1.1216 1.2572 1.4084 1.5769
1.2697 1.4295 1.6084
1.1328 1.2824 1.4509 1.6406
1.1385 1.2953 1.4727 1.6734
1.1442 1.3082 1.4948 1.7069
1.1499 1.3213 1.5172 1.7410
1.1556 1.3345 1.5400 1.7758
1.1614 1.3478 1.5631 1.8114
1.1672 1.3613 1.5865 1.8476
1.1730 1.3749 1.6103 1.8845
1.1789 1.3887 1.6345 1.9222
1.1848 1.4026 1.6590 1.9607
1.1907 1.4166 1.6839 1.9999
1.1967 1.4308 1.7091 2.0399
1.7348 2.0807
1.2087 1.4595 1.7608 2.1223
1.2147 1.4741 1.787221647
1.2208 1.4889 1.8140 2.2080
1.2269 1.5038 1.8412 2.2522
1.2330 1.5188 1.8688 2.2972
1.2392 1.5340 1.8969 2.3432
1.5493 1.9253 2.3901
1.2516 1.5648 1.9542 2.4379
1.2579 1.5805 1.9835 2.4866
1.2642 1.5963 2.0133 2.5363
1.2705 1.6122 2.0435 |2.5871
1.2768 1.6283 2.0741 2.6388
1.2832 1.6446 2.1052 2.6916
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
1.0250
1.0300
1.0350
1.0400
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
1.0450
10.0%
1.0500
1.1025
1.1576
1.0550
1.0600
1.0650
1.0700
1.0750
1.0800
1.0850
1.0506
1.0609
1.0712
1.0816
1.0920
1.1130
1.1236
1.1342
1.0900
1.0950
1.1000
1.0769
1.0927
1.1087
1.1449
1.1556
1.1664
1.1772
1.1881
1.1990
1.1249
1.1412
1.1742
1.1910
1.2079
1.2250
1.2100
4
1.1038
1.1255
1.1475
1.1699
1.1925
1.2155
1.2423
1.2597
1.2773
1.2950
1.3129
1.3310
1.2388
1.2625
1.2865
1.3108
1.3355
1.3605
1.3859
1.1314
1.1593
1.1877
1.2167
1.2462
1.2763
1.3070
1.3382
1.3701
1.4116
1.4377
1.4641
1.1597
1.1941
1.2293
1.2653
1.3023
1.4026
1.4356
1.4693
1.5037
1.5386
1.5742
1.6105
1.3401
1.3788
1.4185
1.4591
1.5007
1.5433
1.5869
1.6315
1.6771
1.7238
1.0355
1.1887
1.2299
1.2723
1.3159
1.3609
1.4071
1.4547
1.5036
1.5540
1.7716
8.
1.2184
1.2668
1.6058
1.6590
1.7138
1.7701
1.8280
1.8876
1.9487
1.3168
1.3686
1.4221
1.4775
1.5347
1.5938
1.6550
1.7182
1.7835
1.8509
1.9206
1.9926
6.
1.2489
1.3048
1.3629
1.4233
1.4861
1.5513
1.6191
1.6895
2.0669
2.1436
1.7626
1.8385
1.9172
1.9990
2.0839
2.1719
2.2632
2.3579
10
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
1.3121
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
1.3449
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
1.3785
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
3.5629
3.4523
14
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
3.7975
15
1.4483
1.5580
1.6753
1.8009
1.9353
2.0789
2.2325
2.3966
2.5718
2.7590
2.9589
3.1722
3.3997
3.6425
3.9013
4.1772
16
1.4845
1.6047
1.7340
1.8730
2.0224
2.1829
2.3553
2.5404
2.7390
2.9522
3.1808
3.4259
3.6887
3.9703
4.2719
4.6778
4.5950
17
1.0885 1.1843
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
5.0545
18
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
1.5987
1.7535
1.9225
2.1068
2.3079
2.5270
2.7656
3.0256
3.3086
3.6165
3.9515
4.3157
4.7116
5.1417
5.6088
6.1159
20
1.6386
1.8061
1.9898
2.1911
2.4117
2.6533
2.9178
3.2071
3.5236
3.8697
4.2479
4.6610
5.1120
5.6044
6.1416
6.7275
21
1.6796
1.8603
2.0594
2.2788
2.5202
2.7860
3.0782
3.3996
3.7527
4.1406
4.5664
5.0338
5.5466
6.1088
6.7251
7.4002
22
1.7216
1.9161
2.1315
2.3699
2.6337
2.9253
3.2475
3.6035
3.9966
4.4304
4.9089
5.4365
6.0180
6.6586
7.3639
8.1403
23
1.7646
1.9736
2.2061
2.4647
2.7522
3.0715
3.4262
3.8197
4.2564
4.7405
5.2771
5.8715
6.5296
7.2579
8.0635
8.9543
9.8497
10.8347
7.0846
7.9111
6.3412
6.8485
3.2251
3.6146
4.5331
5.0724
5.6729
8.8296
4.0489
4.2919
24
1.1272
1.8087
2.0328
2.2833
2.5633
2.8760
25
1.8539
2.0938
2.3632
2.6658
3.0054
3.3864
3.8134
4.8277
5.4274
6.0983
7.6868
8.6231
9.6684
26
1.9003
2.1566
2.4460
2.7725
3.1407
3.5557
4.0231
4.5494
5.1415
5.8074
6.5557
7.3964
8.3401
9.3992
10.5869
11.9182
27
1.9478
2.2213
2.5316
2.8834
3.2820
3.7335
4.2444
4.8223
5.4757
6.2139
7.0474
7.9881
9.0490
10.2451
11.5926
13.1100
1.9965
2.2879
2.6202
2.9987
3.4297
3.9201
4.4778
5.1117
5.8316
6.6488
7.5759
8.6271
9.8182
11.1671
12.6939
14.4210
28
15.8631
17.4494
13.8998
10.6528
11.5583
2.0464
2.3566
2.7119
3.1187
3.5840
4.1161
4.7241
5.4184
6.2107
7.1143
8.1441
9.3173
12.1722
29
5.7435
6.6144
7.6123
8.7550
10.0627
13.2677
15.2203
30
2.0976
2.4273
2.8068
3.2434
3.7453
4.3219
4.9840
3.9139
4.5380
5.2581
6.0881
7.0443
8.1451
9.4116
10.8677
12.5407
14.4618
16.6662
19.1943
31
2.1500
2.5001
2.9050
3.3731
15.7633
18.2495
21.1138
2.2038
2.5751
3.0067
3.5081
4.0900
4.7649
5.5473
6.4534
7.5022
8.7153
10.1174
11.7371
13.6067
32
23.2252
25.5477
5.0032
5.8524
6.8406
7.9898
9.3253
10.8763
12.6760
14.7632
17.1820
19.9832
2.2589
2.6523
3.1119
3.6484
4.2740
33
13.6901
16.0181
18.7284
21.8816
11.6920
12.5689
2.3153
2.7319
3.2209
3.7943
4.4664
5.2533
6.1742
7.2510
8.5092
9.9781
23.9604
28.1024
20.4140
22.2512
34
3.3336
3.9461
4.6673
5.5160
6.5138
7.6861
9.0623
10.6766
14.7853
17.3796
35
2.3732
2.8139
11.4239
13.5115
15.9682
18.8569
26.2366
30.9127
2.8983
3.4503
4.1039
4.8774
5.7918
6.8721
8.1473
9.6513
34.0039
2.4325
28.7291
24.2538
26.4367
36
5.0969
6.0814
7.2501
8.6361
10.2786
12.2236
14.5249
17.2456
20.4597
1.2027 1.4451
2.4933
2.9852
3.5710
4.2681
31.4584
37.4043
37
6.3855
7.6488
9.1543
10.9467
13.0793
15.6143
18.6253
22.1988
2.5557
3.0748
3.6960
4.4388
5.3262
24.0857
28.8160
34.4469
41.1448
38
6.7048
8.0695
9.7035
11.6583
13.9948
16.7853
20.1153
2.6196
3.1670
3.8254
4.6164
5.5659
26.1330
31.4094
37.7194
45.2593
39
7.0400
8.5133
10.2857
12.4161
14.9745
18.0442
21.7245
2.6851
3.2620
3.9593
4.8010
5.8164
23.4625
28.3543
34.2363
41.3027
49.7852
40
6.0781
7.3920
8.9815
10.9029
13.2231
16.0227
19.3976
45.2265
54.7637
4.9931
37.3175
30.7644
33.3794
2.7522
3.3599
4.0978
25.3395
20.8524
22.4163
41
6.3516
7.7616
9.4755
11.5570
14.0826
17.1443
49.5230
60.2401
2.8210
3.4607
4.2413
5.1928
14.9980
18.3444
27.3666
40.6761
42
5.4005
6.6374
8.1497
9.9967
12.2505
44.3370
54.2277
66.2641
4.3897
4.5433
2.8915
3.5645
15.9729
19.6285
24.0975
29.5560
36.2167
43
8.5572
10.5465
12.9855
72.8905
59.3793
65.0204
2.9638
3.6715
5.6165
6.9361
25.9048
31.9204
39.2951
48.3273
21.0025
22.4726
44
1.2454
7.2482
8.9850
11.1266
13.7646
17.0111
52.6767
80.1795
3.0379
3.7816
4.7024
5.8412
27.8477
34.4741
42.6352
45
6.0748
7.5744
9.4343
11.7385
14.5905
18.1168
46.2592
57.4176
71.1973
88.1975
3.1139
3.8950
4.8669
24.0457
29.9363
37.2320
19.2944
20.5485
46
6.3178
7.9153
9.9060
12.3841
15.4659
50.1912
62.5852
77.9611
97.0172
3.1917
4.0119
5.0373
25.7289
32.1815
40.2106
47
8.2715
10.4013
13.0653
16.3939
54.4574
68.2179
85.3674
106.7190
3.2715
4.1323
5.2136
.6.5705
21.8842
27.5299
34.5951
43.4274
117.3909
48
6.8333
8.6437
10.9213
13.7838
17.3775
46.9016
59.0863
74.3575
93.4773
3.3533
4.2562
5.3961
14.5420
18.4202
23.3067
29.4570
37.1897
49
4.3839
5.5849
7.1067
9.0326
11.4674
3.4371
50
Transcribed Image Text:ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fporta
Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and
final answer to the nearest cent.)
On FV Table 12.1
Period
Present value
Length of time
Rate
Compounded
Rate used
FV factor used
Future value
used
12,988.90
5 years
8 %
Quarterly
20
2 %
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