Lynn Ally, owner of a local Subway shop, loaned $52,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 10 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Future value
Lynn Ally, owner of a local Subway shop, loaned $52,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 10 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Future value
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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Question
Transcribed Image Text:ezto.mheducation.coOm/ext/map/index.html?_con%3con&external_browser=U
non=nttps 7253A%252F%252FD
apps
Lynn Ally, owner of a local Subway shop, loaned $52,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn
at the end of 10 years with 6% interest compounded semiannually.
How much will Lynn receive at the end of 10 years? (Use the Table provided.) (Do not round intermediate calculations. Round your
answer to the nearest cent.)
Future value
acer
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%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
1.0050 1.0100 1.0150 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
1.0355 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
1.0250
1.0300
1.0350
1.0400
1.0450
1.0500
1.0550
1.0600
1.0650
1.0700
1.0750
1.0800
1.0850
1.0900
1.0950
1.1000
1.0506
1.0609
1.0712
1.0816
1.0920
1.1025
1.1130
1.1236
1.1342
1.1449
1.1556
1.1664
1.1772
1.1881
1.1990
1.3129
1.2100
1.0769
1.0927
1.1087
1.1249
1.1412
1.1576
1.1742
1.1910
1.2079
1.2250
1.2423
1.2597
1.2773
1.2950
1.3310
1.1038
1.1255
1.1475
1.1699
1.1925
1.2155
1.2388
1.2625
1.2865
1.3108
1.3355
1.3605
1.3859
1.4116
1.4377
1.4641
1.1314
1.1593
1.1877
1.2167
1.2462
1.2763
1.3070
1.3382
1.3701
1.4026
1.4356
1.4693
1.5037
1.5386
1.5742
1.6105
1.1597
1.1941
1.2293
1.2653
1.3023
1.3401
1.3788
1.4185
1.4591
1.5007
1.5433
1.5869
1.6315
1.6771
1.7238
1.7716
1.1887
1.2299
1.2723
1.3159
1.3609
1.4071
1.4547
1.5036
1.5540
1.6058
1.6590
1.7138
1.7701
1.8280
1.8876
1.9487
1.2184
1.2668
1.3168
1.3686
1.4221
1.4775
1.5347
1.5938
1.6550
1.7182
1.7835
1.8509
1.9206
1.9926
2.1719
2.0669
2.1436
2.3579
6.
1.2489
1.3048
1.3629
1.4233
1.4861
1.5513
1.6191
1.6895
1.7626
1.8385
1.9172
1.9990
2.0839
2.2632
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
2.2522
2.2156
2.3316
2.4532
2.5804
2.7137
2.8531
12
1.1268 1.1956 1.2682
1.3449
1.4258
1.5111
1.6010
1.6959
2.0122
2.1291
2.2675
1.7959
1.9012
2.3818
2.5182
2.6617
2.8127
2.9715
3.1384
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
1.0885 1.1843 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
1.1272 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
28
13
1.3785
1.4685
1.5640
1.6651
1.7722
1.8856
2.0058
2.1329
2.4098
2.5604
2.7196
2.8879
3.0658
3.2537
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
3.5629
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
1.4845
1.6047
1.6528
16
1.7340
1.8730
2.0224
2.1829
2.5404
2.7390
2.9522
3.1808
3.4259
3.6887
3.9703
4.2719
4.5950
5.0545
2.3553
17
1.5216
1.7947
1.9479
2.1134
2.2920
2.4848
2.6928
2.9170
3.1588
3.4194
3.7000
4.0023
4.3276
4.6778
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
7.0846
7.9111
9.8497
8.8296
9.6684
24
1.8087
2.0328
2.2833
2.5633
2.8760
3.2251
3.6146
4.0489
4.5331
5.0724
5.6729
6.3412
25
1.8539
2.0938
2.3632
2.6658
3.0054
3.3864
3.8134
4.2919
4.8277
5.4274
6.0983
6.8485
7.6868
8.6231
10.8347
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
11.1671
12.6939
14.4210
9.8182
10.6528
11.5583
2.9987
3.4297
3.9201
4.4778
5.1117
5.8316
6.6488
7.5759
8.6271
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
1.2027 1.4451 1.7348 2.0807
1.2087 1.4595 1.7608 2.1223
1.2147 1.4741 1.7872 2.1647
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
1.2454 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
1.9965
2.2879
2.6202
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
13.8998
15.8631
29
13.2677
14.4618
15.7633
17.1820
18.7284
15.2203
17.4494
19.1943
30
2.0976
2.4273
2.8068
3.2434
3.7453
4.3219
4.9840
5.7435
6.6144
7.6123
8.7550
10.0627
2.1500
2.5001
2.9050
3.3731
3.9139
4.5380
5.2581
6.0881
7.0443
8.1451
9.4116
10.8677
12.5407
16.6662
31
4.7649
6.4534
7.5022
8.7153
10.1174
11.7371
13.6067
18.2495
21.1138
5.5473
5.8524
32
2.2038
2.5751
3.0067
3.5081
4.0900
2.2589
2.6523
3.1119
3.6484
4.2740
5.0032
6.8406
7.9898
9.3253
10.8763
12.6760
14.7632
19.9832
23.2252
33
5.2533
6.1742
7.2510
8.5092
9.9781
11.6920
13.6901
16.0181
21.8816
25.5477
34
2.3153
2.7319
3.2209
3.7943
4.4664
17.3796
20.4140
23.9604
28.1024
12.5689
13.5115
2.3732
2.8139
3.3336
3.9461
4.6673
5.5160
6.5138
7.6861
9.0623
10.6766
14.7853
35
8.1473
11.4239
15.9682
18.8569
22.2512
26.2366
30.9127
2.4325
2.8983
3.4503
4.1039
4.8774
5.7918
6.8721
9.6513
36
34.0039
20.4597
22.1988
24.2538
26.4367
28.7291
31.4584
3.5710
4.2681
5.0969
6.0814
7.2501
8.6361
10.2786
12.2236
14.5249
17.2456
2.9852
3.0748
37
24933
37.4043
3.6960
4.4388
5.3262
6.3855
7.6488
9.1543
10.9467
13.0793
15.6143
18.6253
38
2.5557
11.6583
13.9948
16.7853
20.1153
24.0857
28.8160
34.4469
41.1448
2.6196
3.1670
3.8254
4.6164
5.5659
6.7048
8.0695
9.7035
39
21.7245
26.1330
31.4094
37.7194
45.2593
18.0442
19.3976
2.6851
3.2620
3.9593
4.8010
5.8164
7.0400
8.5133
10.2857
12.4161
14.9745
40
7.3920
8.9815
10.9029
13.2231
16.0227
23.4625
28.3543
34.2363
41.3027
49.7852
41
2.7522
3.3599
4.0978
4.9931
6.0781
45.2265
54.7637
37.3175
40.6761
6.3516
7.7616
9.4755
11.5570
14.0826
17.1443
20.8524
25.3395
30.7644
42
2.8210
3.4607
4.2413
5.1928
49.5230
60.2401
22.4163
27.3666
33.3794
18.3444
19.6285
1.5340 1.8969 2.3432
2.8915
3.5645
4.3897
5.4005
6.6374
8.1497
9.9967
12.2505
14.9980
43
12.9855
15.9729
24.0975
29.5560
36.2167
44.3370
54.2277
66.2641
2.9638
3.6715
4.5433
5.6165
6.9361
8.5572
10.5465
48.3273
59.3793
72.8905
44
39.2951
25.9048
27.8477
31.9204
34.4741
17.0111
21.0025
13.7646
14.5905
3.7816
4.7024
5.8412
7.2482
8.9850
11.1266
3.0379
3.1139
65.0204
80.1795
52.6767
57.4176
45
7.5744
9.4343
11.7385
18.1168
22.4726
42.6352
46
3.8950
4.8669
6.0748
37.2320
46.2592
71.1973
88.1975
24.0457
29.9363
15.4659
16.3939
3.1917
4.0119
5.0373
6.3178
7.9153
9.9060
12.3841
19.2944
62.5852
77.9611
97.0172
47
13.0653
20.5485
25.7289
32.1815
40.2106
50.1912
8.2715
8.6437
4.1323
5.2136
6.5705
10.4013
85.3674
106.7190
3.2715
3.3533
48
17.3775
21.8842
27.5299
34.5951
43.4274
54.4574
68.2179
13.7838
14.5420
49
4.2562
5.3961
6.8333
10.9213
46.9016
59.0863
74.3575
93.4773
117.3909
7.1067
11.4674
18.4202
23.3067
29.4570
37.1897
3.4371
4.3839
5.5849
9.0326
50
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