If you invest $9,100 per period for the following number of periods, how much would you have in each of the following instances? Use Appendix Cifor an approximate answer, but calculate your final answer using the formula and financial calculator methods. …………………. a. In 9 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value b. In 30 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
If you invest $9,100 per period for the following number of periods, how much would you have in each of the following instances? Use Appendix Cifor an approximate answer, but calculate your final answer using the formula and financial calculator methods. …………………. a. In 9 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value b. In 30 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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:Appendix C Future value of an annuity of $1, FVA
Period
1
2
3
5
THREE
15
17
19
20
25
30
40
50
1.000
2.010
3.030
4.060
5.101
6.152
7.214
8.286
9.369
10.462
11.567
12.683
13.809
14.947
16.097
17.258
18.430
19.615
20.811
22.019
28.243
34.785
48.886
64.463
1.000
2.020
3.060
4.122
5.204
6.308
7.434
8.583
9.755
10.950
12.169
13.412
14.680
15.974
17.293
1.000
2.030
3.091
4.184
5.309
6.468
7.662
8.892
10.159
11.464
12.808
14.192
15.618
17.086
18.599
20.157
21.762
23.414
18.639
20.012
21.412
22.841
24.297
32.030
40.588
60.402
84.579 112.80
FVA-A
25.117
26.870
36.459
47.575
75.401
(1+0)"
1.000
2.040
3.122
4.246
5.416
6.633
7.898
10.583
12.006
13.486
15.026
16.627
18.292
20.024
23.698
25.645
27.671
29.778
41.646
56.085
95.026
152.67
1.000
2.050
3.153
4.310
5.526
6.802
8.142
9.549
12.578
14.207
15.917
17.713
19.599
21.579
23.657
25.840
28.132
30.539
33.066
47.727
66.439
120.80
209.35
Percent
1.000
2.060
3.184
4.375
5.637
6.975
8.394
9.897
11.491
13.181
14.972
16.870
18.882
21.015
23.276
25.673
28.213
30.906
33.760
36.786
54.865
79.058
154.76
290.34
7%
1.000
2.070
3.215
4.440
5.751
7.153
8.654
10.260
11.978
13.816
15.784
17.888
20.141
22.550
25.129
27.888
30.840
33.999
37.379
40.995
63.249
94.461
199.64
406.53
8%
1.000
2.080
3.246
4.506
5.867
7.336
8.923
10.637
12.488
14.487
16.645
18.977
21.495
24.215
27.152
30.324
33.750
37.450
41.446
45.762
73.106
113.28
259.06
573.77
CRGES
9%
1.000
2.090
3.278
4.573
5.985
7.523
9.200
11.028
13.021
15.193
17.560
20.141
22.953
26.019
29.361
33.003
36.974
41.301
46.018
51.160
84.701
136.31
337.89
815.08
10%
1.000
2.100
3.310
4.641
6.105
7.716
9.487
11.436
13.579
15.937
18.531
21.384
24.523
27.975
31.772
35.950
40.545
45.599
51.159
57.275
98.347
164.49
442.59
1.163.9
11%
1.000
2.110
3.342
4.710
6.228
7.913
9.783
11.859
14.164
16.722
19.561
22.713
26.212
30.095
34.405
39.190
44.501
50.396
56.939
64.203
114.41
199.0Z
581.83
1.668.8
Copyright 2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Transcribed Image Text:Appendix C Future value of an annuity of $1, FVA
Period
1
2
3
5
THREE
15
17
19
20
25
30
40
50
1.000
2.010
3.030
4.060
5.101
6.152
7.214
8.286
9.369
10.462
11.567
12.683
13.809
14.947
16.097
17.258
18.430
19.615
20.811
22.019
28.243
34.785
48.886
64.463
1.000
2.020
3.060
4.122
5.204
6.308
7.434
8.583
9.755
10.950
12.169
13.412
14.680
15.974
17.293
1.000
2.030
3.091
4.184
5.309
6.468
7.662
8.892
10.159
11.464
12.808
14.192
15.618
17.086
18.599
20.157
21.762
23.414
18.639
20.012
21.412
22.841
24.297
32.030
40.588
60.402
84.579 112.80
FVA-A
25.117
26.870
36.459
47.575
75.401
(1+0)"
1.000
2.040
3.122
4.246
5.416
6.633
7.898
10.583
12.006
13.486
15.026
16.627
18.292
20.024
23.698
25.645
27.671
29.778
41.646
56.085
95.026
152.67
1.000
2.050
3.153
4.310
5.526
6.802
8.142
9.549
12.578
14.207
15.917
17.713
19.599
21.579
23.657
25.840
28.132
30.539
33.066
47.727
66.439
120.80
209.35
Percent
1.000
2.060
3.184
4.375
5.637
6.975
8.394
9.897
11.491
13.181
14.972
16.870
18.882
21.015
23.276
25.673
28.213
30.906
33.760
36.786
54.865
79.058
154.76
290.34
7%
1.000
2.070
3.215
4.440
5.751
7.153
8.654
10.260
11.978
13.816
15.784
17.888
20.141
22.550
25.129
27.888
30.840
33.999
37.379
40.995
63.249
94.461
199.64
406.53
8%
1.000
2.080
3.246
4.506
5.867
7.336
8.923
10.637
12.488
14.487
16.645
18.977
21.495
24.215
27.152
30.324
33.750
37.450
41.446
45.762
73.106
113.28
259.06
573.77
CRGES
9%
1.000
2.090
3.278
4.573
5.985
7.523
9.200
11.028
13.021
15.193
17.560
20.141
22.953
26.019
29.361
33.003
36.974
41.301
46.018
51.160
84.701
136.31
337.89
815.08
10%
1.000
2.100
3.310
4.641
6.105
7.716
9.487
11.436
13.579
15.937
18.531
21.384
24.523
27.975
31.772
35.950
40.545
45.599
51.159
57.275
98.347
164.49
442.59
1.163.9
11%
1.000
2.110
3.342
4.710
6.228
7.913
9.783
11.859
14.164
16.722
19.561
22.713
26.212
30.095
34.405
39.190
44.501
50.396
56.939
64.203
114.41
199.0Z
581.83
1.668.8
Copyright 2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education