If Carla Rice puts $200 in the bank for nine years and the money compounds at 8% annually how much will Carla have at the end of nine years? (the table below may help you answer this question) Compound Value Interest Factor Period 15% 20% 4 1.0824 1.1699 12425 5 1.1041 12167 13382 6 1.1262 12653 14185 1.1487 1.3159 15036 11717 1.386 15958 1.1951 14233 1.6895 12190 14802 1.7908 1.1500 1.2000 12100 12544 13225 1,4400 12997 1.3310 1.4049 15209 1.7280 1.3605 14641 15735 17490 20736 1.4493 16105 1.7623 20114 24883 15069 17716 1.9738 23131 2.9860 1.7138 13487 22107 26400 3.5832 18509 2.1436 24760 3.0590 42998 1.9990 2.3579 27731 35179 5.1590 2.159 25937 3.1058 40456 61917 7 12434 15395 18963 128390 23316 28531 34785 46524 74301 1.2682 14010 20122 25182 3.1384 38960 53502 89161 12936 16651 21329 27196 34523 43635 6.1528 10.6990 13195 17317 22609 29372 32975 48671 13459 1.3009 23966 31722 41772 54736 70757 8.1371 1372 18730 25404 34259 45950 61304 9.3576 18.4880 1.4002 13479 26928 3.7000 50545 60660 14382 2.0258 28543 3.99460 5.5599 76900 12.3750 26.6230 10.7610 22.1860 14568 2.1068 30256 43157 61159 86128 142310 31.5480 15.4070 14859 2.1911 32071 46610 67275 9.6463 16.3660 38.3370 1 2 3 . 9 10 11 12 11 14 15 16 17 18 19 20 Select one 2% 4% 0 10% 12% 10300 10400 10600 10800 1.1000 1.1200 10404 1.0016 1.1236 1.6640 10612 1.1249 1.1910 O a $362 Ob. $400 OC $374 Od 1381 Oe. None of the above.
If Carla Rice puts $200 in the bank for nine years and the money compounds at 8% annually how much will Carla have at the end of nine years? (the table below may help you answer this question) Compound Value Interest Factor Period 15% 20% 4 1.0824 1.1699 12425 5 1.1041 12167 13382 6 1.1262 12653 14185 1.1487 1.3159 15036 11717 1.386 15958 1.1951 14233 1.6895 12190 14802 1.7908 1.1500 1.2000 12100 12544 13225 1,4400 12997 1.3310 1.4049 15209 1.7280 1.3605 14641 15735 17490 20736 1.4493 16105 1.7623 20114 24883 15069 17716 1.9738 23131 2.9860 1.7138 13487 22107 26400 3.5832 18509 2.1436 24760 3.0590 42998 1.9990 2.3579 27731 35179 5.1590 2.159 25937 3.1058 40456 61917 7 12434 15395 18963 128390 23316 28531 34785 46524 74301 1.2682 14010 20122 25182 3.1384 38960 53502 89161 12936 16651 21329 27196 34523 43635 6.1528 10.6990 13195 17317 22609 29372 32975 48671 13459 1.3009 23966 31722 41772 54736 70757 8.1371 1372 18730 25404 34259 45950 61304 9.3576 18.4880 1.4002 13479 26928 3.7000 50545 60660 14382 2.0258 28543 3.99460 5.5599 76900 12.3750 26.6230 10.7610 22.1860 14568 2.1068 30256 43157 61159 86128 142310 31.5480 15.4070 14859 2.1911 32071 46610 67275 9.6463 16.3660 38.3370 1 2 3 . 9 10 11 12 11 14 15 16 17 18 19 20 Select one 2% 4% 0 10% 12% 10300 10400 10600 10800 1.1000 1.1200 10404 1.0016 1.1236 1.6640 10612 1.1249 1.1910 O a $362 Ob. $400 OC $374 Od 1381 Oe. None of the above.
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:If Carla Rice puts $200 in the bank for nine years and the money compounds at 8% annually how much will Carla have at the end of nine years?
(the table below may help you answer this question)
Compound Value Interest Factor
Period
10% 12% 15%
1
2
3
2% 4% %
%
1.0300 10400 10600 10800
10404 1.0016 1.1236 1.6640
10612 1.1249 1.1910 1.2597
4 1.0824 1.1699 12625 13605
1.1041 12167 13382 14493
1.1262 12653 14185 15049
7 1.1487 1.3159 1.5036 1.2138
1.1717 1.386 15958
1.8509
1.1951 14233 1.6895 1.9990
14802 1.7908 2.1589 2.5937 3.1058 40456 61917
1.1000 1.1200 1.1500
12100 12544 13225
13310 1.4049 15209
14641 15735 1.7490
14105 1.7623 20114
17716 1.9738 23131
13487 22107 26400
2.1436 24760 3.0590
2.3579 2.7731 35179
20736
24883
2.9060
3.5832
42998
5.1590
1.2190
12434 15395 18963
1.2682 16010 20122 25182
12936 16651 21329
23316 28531 34785 46524 74301
3.1384 3890 53502 89161
27196 34523 4.3635 61528 106990
13195 17317 22609 29372 32975 48871
13459
70757 128390
1.3009 23966 31722 41772 54736 81371
13728
15.4070
18730 25404 34259 45950 61304 9.3576
1,4002 1.3479 26928 3.7000 5.0545 6.8660
18.4800
5.5599 76900
10.7610 22.1860
14382 2.0258 28543 3.9940
12.3750 26.6230
14568 2.1068 30256 43157 61159 86128
142310 31.5480
14859 2.1911 32071 46610 67275 96463 16.3660 38.3370
5
9
.
9
10
11
12
13
14
15
16
17
18
19
20
Select one
O a $362
O b. $400
Oc $374
Od 1381
Oe. None of the above.
20%
1.2000
14400
1.7280
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