Lynn Ally, owner of a local Subway shop, loaned $61,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 9 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 9 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
Lynn Ally, owner of a local Subway shop, loaned $61,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 9 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 9 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:Future value interest factor of $1 per period at i% for n periods, FVIF(i,n).
5.0% 5.5% 6.0 % 6.5% 7.0%
1.0500 1.0550 1.0600 1.0650 1.0700
1.1025 1.1130 1.1236 1.1342 1.1449
1.1576 1.1742 1.1910 1.2079 1.2250
1.2155 1.2388 1.2625 1.2865 1.3108
1.2763 1.3070 1.3382 1.3701 1.4026
1.3401 1.3788 1.4185 1.4591 1.5007
1.4071 1.4547 1.5036 1.5540 1.6058
1.4775 1.5347 1.5938 1.6550 1.7182
1.5513 1.6191 1.6895 1.7626 1.8385
1.6289 1.7081 1.7908 1.8771 1.9672
1.8983
2.1049
1.9992
20122 2.1291 2.2522
2.2675 2.4098
24149 25785
25718 2.7590
8.0%
1.0800
1.1664
1.2597
1.3605
1.4693
1.5869
1.7138
1.8509
1.9990
2.1589
8.5%
9.0%
9.5%
10.0%
1.0850 1.0900 1.0950 1.1000
1.1881
1.1772
1.1990 1.2100
1.2773 1.2950 1.3129 1.3310
1.3859
1.4116
1.4377
1.4641
1.5037
1.5742
1.5386
1.6105
1.6315
1.7238
1.6771
1.7716
1.7701
1.8280 1.8876 1.9487
1.9206 1.9926 2.0669 2.1436
2.0839 2.1719 2.2632 2.3579
2.2610 2.3674 24782 2.5937
2.4532 2.5804 27137
2.8531
2.6617 2.8127 2.9715
2.8879 3.0658 3.2537
3.1334 3.3417 3.5629
3.3997 3.6425
3.6887 3.9703
4.0023 4.3276
4.3425 4.7171
4.7116 5.1417
5.1120 5.6044 6.1416
5.5466 6.1088 6.7251
6.0180 6.6586 7.3639
1.7959 1.9012
1.9799
2.0789
2.3316
2.5182
2.7196
2.9372
3.1722
3.4259
3.7000
3.9960
4.3157
4.6610
1.8856 2.0058 2.1329
2.1161 2.2609
2.2325 2.3966
3.1384
3.4523
3.7975
4.1772
4.5950
50545
3.9013
42719
4.6778
1.6528
5.1222
5.5599
5.6088
6.1159
18
19
20
21
22
3.2071 3.5236
6.7275
7.4002
3.3996
3.6035
3.8197 4.2564 4.7405
3.9966 4.4304 4.9089
5.0338
5.4365
8.1403
5.8715
6.5296
8.0635
8.9543
4.0489 4.5331 5.0724
6.3412
7.0846
8.8296
9.8497
2.5% 3.0 %
1.5%
3.5%
2.0%
4.0% 4.5%
7.5%
Period 0.5% 1.0%
1.0250 1.0300 1.0350 1.0400 1.0450
1.0750
11.0050 1.0100 10150 1.0200
1.0609
1.0302 1.0404 1.0506
1.0712 1.0816 1.0920
1.0100 1.0201
1.1556
1.0927 1.1087
1.0769
1.1249 1.1412
1.0151 1.0303 1.0457 1.0612
1.2423
1.1038 1.1255 1.1475 1.1699 1.1925
1.0202 1.0406 1.0614 1.0824
1.3355
1.1314
1.4356
1.1593 1.1877
1.0253 1.0510 1.0773 1.1041
1.2167 1.2462
1.1597 1.1941 1.2293
1.0304 1.0615 1.0934 1.1262
1.2653 1.3023
1.5433
1.0355 1.0721 1.1098 1.1487 1.1887 1.2299 1.2723 1.3159 1.3609
1.6590
1.0407 1.0829 1.1265 1.1717 1.2184 1.2668 1.3168 1.3686 1.4221
1.7835
1.0459 1.0937 1.1434 1.1951 1.2489
1.3048 1.3629 1.4233 1.4861
1.9172
1.0511 1.1046 1.1605 1.2190 1.2801 1.3439 1.4106 1.4802 1.5530
2.0610
1.3121 1.3842 1.4600
1.0564 1.1157 1.1779 1.2434
1.5395 1.6229 1.7103 1.8021
2.2156
12 1.0617 1.1268 1.1956 1.2682 1.3449 1.4258 1.5111 1.6010 1.6959
2.3818
13 1.0670 1.1381 1.2136 1.2936 1.3785 1.4685 1.5640 1.6651 1.7722
2.5604
14 1.0723 1.1495 1.2318 1.3195 1.4130 1.5126 1.6187 1.7317 1.8519
2.7524
15 1.0777 1.1610 1.2502 1.3459 1.4483 1.5580 1.6753 1.8009 1.9353
2.9589
16 1.0831 1.1726 1.2690 1.3728 1.4845 1.6047 1.7340 1.8730 20224 2.1829 2.3553 25404 2.7390 2.9522 3.1808
17 1.0885 1.1843 1.2880 1.4002 1.5216
1.7947 1.9479 2.1134 2.2920 2.4848 2.6928 2.9170 3.1588 3.4194
1.0939 1.1961 1.3073 1.4282 1.5597 1.7024
1.8575 2.0258 2.2085 2.4066 2.6215 2.8543 3.1067 3.3799 3.6758
1.0994 1.2081 1.3270 1.4568 1.5987 1.7535 1.9225 2.1068 2.3079 2.5270 2.7656 3.0256 3.3086 3.6165 3.9515
1.1049 1.2202 1.3469 1.4859 1.6386 1.8061 1.9898
2.1911 24117 2.6533 29178
4.2479
3.8697
1.1104 1.2324 1.3671 1.5157 1.6796 1.8603 2.0594 2.2788 2.5202 2.7860 3.0782
3.7527 4.1406 4.5664
1.1160 1.2447 1.3876 1.5460
1.7216 1.9161 2.1315 2.3699 2.6337 2.9253 3.2475
23 1.1216 1.2572 1.4084 1.5769 1.7646 1.9736 2.2061 2.4647 2.7522 3.0715 3.4262
5.2771
24 1.1272 1.2697 1.4295 1.6084 1.8087 2.0328 2.2833 2.5633 2.8760 3.2251 3.6146
5.6729
25 1.1328 1.2824 1.4509 1.6406 1.8539 2.0938 2.3632 2.6658 3.0054 3.3864 3.8134 4.2919 4.8277 5.4274 6.0983
26 1.1385 1.2953 1.4727 1.6734 1.9003 2.1566 2.4460 2.7725 3.1407 3.5557 4.0231 4.5494 5.1415 5.8074
6.5557
27 1.1442 1.3082 1.4948 1.7069 1.9478 2.2213 2.5316 2.8834 3.2820 3.7335 4.2444 4.8223 5.4757 6.2139 7.0474
28
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
29
2.0464 2.3566 2.7119 3.1187 3.5840 4.1161 4.7241 5.4184 6.2107 7.1143 8.1441 9.3173 10.6528 12.1722 13.8998 15.8631
2.0976 2.4273 2.8068 3.2434 3.7453 4.3219 4.9840 5.7435 6.6144 7.6123 8.7550 10.0627 11.5583 13.2677 15.2203 17.4494
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 14.4618 16.6662 19.1943
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 15.7633 18.2495 21.1138
2.2589 2.6523 3.1119 3.6484 4.2740 5.0032 5.8524 6.8406 7.9898 9.3253 10.8763 12.6760 14.7632 17.1820 19.9832 232252
2.3153 2.7319 3.2209 3.7943 4.4664
5.2533 6.1742 7.2510 8.5092 9.9781 11.6920 13.6901 16.0181 18.7284
21.8816
25.5477
2.3732 2.8139 3.3336 3.9461 4.6673 5.5160 6.5138 7.6861 9.0623 10.6766 12.5689 14.7853 17.3796 20.4140 23.9604 28.1024
2.4325 2.8983 3.4503 4.1039 4.8774
5.7918 6.8721 8.1473 9.6513 11.4239 13.5115 15.9682 18.8569 22.2512
26.2366
2.4933 2.9852 3.5710 4.2681 5.0969 6.0814 7.2501 8.6361 10.2786 12.2236 14.5249 17.2456
28.7291
38 1.2087 1.4595 1.7608 2.1223 2.5557 3.0748 3.6960 4.4388 5.3262
6.3855 7.6488 9.1543 10.9467 13.0793 15.6143
18.6253 22.1988 26.4367 31.4584
39 1.2147 1.4741 1.7872 2.1647 26196 3.1670 3.8254 4.6164 5.5659 6.7048 8.0695 9.7035 11.6583 13.9948 16.7853 20.1153 24.0857 28.8160 34.4469
40 1.2208 1.4889 1.8140 2.2080 26851 3.2620 3.9593 4.8010 5.8164 7.0400
8.5133 10.2857 12.4161 14.9745 18.0442 21.7245 26.1330 31.4094 37.7194
41 1.2269 1.5038 1.8412 2.2522 2.7522 3.3599 4.0978 4.9931 6.0781 7.3920 8.9815 10.9029 13.2231 16.0227 19.3976 23.4625 28.3543
42 1.2330 1.5188 1.8688 2.2972 2.8210 3.4607 4.2413 5.1928 6.3516 7.7616
20.8524 25.3395 30.7644
43 1.2392 1.5340 1.8969 2.3432 2.8915 3.5645 4.3897 5.4005 6.6374 8.1497 9.9967
22.4163 27.3666 33.3794
1.2454 1.5493 1.9253 2.3901 2.9638 3.6715 4.5433 5.6165 6.9361
45 1.2516 1.5648 1.9542 24379 3.0379 3.7816 4.7024 5.8412 7.2482
1.2579 1.5805 1.9835 2.4866 3.1139 3.8950 4.8669 6.0748 7.5744 9.4343 11.7385 14.5905 18.1168 22.4726 27.8477
1.2642 1.5963 2.0133 25363 3.1917 4.0119 5.0373 6.3178 7.9153 9.9060 12.3841 15.4659 19.2944 24.0457 29.9363
1.2705 1.6122 2.0435 25871 3.2715 4.1323 5.2136 6.5705 8.2715 10.4013 13.0653 16.3939 20.5485 25.7289 32.1815
1.2768 1.6283 20741 2.6388 3.3533 4.2562 5.3961 6.8333 8.6437 10.9213 13.7838
17.3775 21.8842 27.5299 34.5951
1.2832 1.6446 2.1052 2.6916 3.4371 4.3839 5.5849 7.1067 9.0326 11.4674 14.5420 18.4202 23.3067 29.4570 37.1897
7.2579
7.9111
8.6231 9.6684
9.3992 10.5869
6.8485
7.6868
8.3401
7.3964
10.8347
11.9182
13.1100
7.9881
9.0490 10.2451 11.5926
1.1499 1.3213 1.5172 1.7410
1.1556 1.3345 1.5400 1.7758
30
31
1.1614 1.3478 1.5631 1.8114
1.1672 1.3613 1.5865 1.8476
1.1730 1.3749 1.6103 1.8845
1.178 1.3887
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
30.9127
20.4597 24.2538
34.0039
37.4043
41.1448
45.2593
49.7852
54.7637
60.2401
66.2641
72.8905
34.2363 41.3027
37.3175 45.2265
40.6761 49.5230
36.2167 44.3370 54.2277
9.4755 11.5570 14.0826 17.1443
44
8.5572 10.5465 12.9855
12.2505 14.9980 18 3444
15.9729 19 6285
17.0111 21.0025
24.0975 29.5560
8.9850 11.1266 13.7646
25.9048
31.9204
39.2951 48.3273 59.3793
46
47
48
49
34.4741 42.6352 52.6767 65.0204 80.1795
37.2320 46.2592 57.4176 71.1973 88.1975
40.2106 50.1912 62.5852 77.9611 97.0172
43.4274 54.4574 68.2179 85.3674 106.7190
46.9016 59.0863 74.3575 93.4773
117.3909
50
2
4
5
6
8
9
34
35
36
Lynn Ally, owner of a local Subway shop, loaned $61,000 to Pete Hall to help him open a Subway franchise. Pete
plans to repay Lynn at the end of 9 years with 6% interest compounded semiannually.
How much will Lynn receive at the end of 9 years? (Use the Table provided.) (Do not round intermediate
calculations. Round your answer to the nearest cent.)
Future value
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