If you deposited $100 now (n= 0) and $200 two years from now (n=2) in a savings account that pays 10% annual interest, how much would you have at the end of year 10? 1 Click the icon to view the interest factors for discrete compounding wheni= 10% per year. You would have $ at the end of year 10. (Round to the nearest dollar.) 1: More Info Single Payment Equal Payment Series Compound Compound Amount Factor Present Sinking Present Worth Factor Capital Recovery Factor Amount Fund Worth Factor Factor Factor N (F/P, i, N) (P/F, i, N) (F/A, i, N) (A/F, i, N) (P/A, i, N) (A/P, i, N) 1.1000 0.9091 1.0000 1.0000 0.9091 1.1000 2 1.2100 0.8264 2.1000 0.4762 1.7355 0.5762 3 1.3310 0.7513 3.3100 0.3021 2.4869 0.4021 4 1.4641 0.6830 4.6410 0.2155 3.1699 0.3155 1.6105 0.6209 6.1051 0.1638 3.7908 0.2638 6 1.7716 0.5645 7.7156 0.1296 4.3553 0.2296 7 1.9487 0.5132 9.4872 0.1054 4.8684 0.2054 2.1436 0.4665 11.4359 0.0874 5.3349 0.1874 2.3579 0.4241 13.5795 0.0736 5.7590 0.1736 10 2.5937 0.3855 15.9374 0.0627 6.1446 0.1627
If you deposited $100 now (n= 0) and $200 two years from now (n=2) in a savings account that pays 10% annual interest, how much would you have at the end of year 10? 1 Click the icon to view the interest factors for discrete compounding wheni= 10% per year. You would have $ at the end of year 10. (Round to the nearest dollar.) 1: More Info Single Payment Equal Payment Series Compound Compound Amount Factor Present Sinking Present Worth Factor Capital Recovery Factor Amount Fund Worth Factor Factor Factor N (F/P, i, N) (P/F, i, N) (F/A, i, N) (A/F, i, N) (P/A, i, N) (A/P, i, N) 1.1000 0.9091 1.0000 1.0000 0.9091 1.1000 2 1.2100 0.8264 2.1000 0.4762 1.7355 0.5762 3 1.3310 0.7513 3.3100 0.3021 2.4869 0.4021 4 1.4641 0.6830 4.6410 0.2155 3.1699 0.3155 1.6105 0.6209 6.1051 0.1638 3.7908 0.2638 6 1.7716 0.5645 7.7156 0.1296 4.3553 0.2296 7 1.9487 0.5132 9.4872 0.1054 4.8684 0.2054 2.1436 0.4665 11.4359 0.0874 5.3349 0.1874 2.3579 0.4241 13.5795 0.0736 5.7590 0.1736 10 2.5937 0.3855 15.9374 0.0627 6.1446 0.1627
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
2.
Transcribed Image Text:2. If you deposited $100 now (n = 0) and $200 two years from now (n=2) in a savings account that pays 10% annual interest, how much would you have at the end of year 10?
1 Click the icon to view the interest factors for discrete compounding when i= 10% per year.
You would have $
at the end of year 10. (Round to the nearest dollar.)
1: More Info
Single Payment
Equal Payment Series
Compound
Present
Compound
Sinking
Present
Capital
Recovery
Amount
Worth
Amount
Fund
Worth
Factor
Factor
Factor
Factor
Factor
Factor
(F/P, i, N)
(P/F, i, N)
(F/A, i, N)
(A/F, i, N)
(PIA, i, N)
(A/P, i, N)
N
1
1.1000
0.9091
1.0000
1.0000
0.9091
1.1000
2
1.2100
0.8264
2.1000
0.4762
1.7355
0.5762
3
1.3310
0.7513
3.3100
0.3021
2.4869
0.4021
4
1.4641
0.6830
4.6410
0.2155
3.1699
0.3155
1.6105
0.6209
6.1051
0.1638
3.7908
0.2638
6
1.7716
0.5645
7.7156
0.1296
4.3553
0.2296
7
1.9487
0.5132
9.4872
0.1054
4.8684
0.2054
8.
2.1436
0.4665
11.4359
0.0874
5.3349
0.1874
9
2.3579
0.4241
13.5795
0.0736
5.7590
0.1736
10
2.5937
0.3855
15.9374
0.0627
6.1446
0.1627
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