omplete the following using compound future value. (Use the Table provided.) (Do not round intermediate calculations. Round you nal answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 7 years 24 16,600 8 % Quarterly
omplete the following using compound future value. (Use the Table provided.) (Do not round intermediate calculations. Round you nal answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 7 years 24 16,600 8 % Quarterly
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:Complete the following using compound future value. (Use the Table provided.) (Do not round intermediate calculations. Round your
final answers to the nearest cent.)
Time
Principal
Rate
Compounded
Amount
Interest
7 years
$4
16,600
8%
Quarterly
<Prev
3 of 18
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cer
Transcribed Image Text:edia.mheducătión.com/Medi
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%
1.0350
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 1.1268 1.1956 | 1.2682
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.
1.0250
1.0300
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
1.2100
3
1.0769
1.1576
1.1412
1.1925
1.0927
1.1087
1.1249
1.1742
1.1910
1.2079
1.2250
1.2423
1.2597
1.2773
1.2950
1.3129
1.3310
4
1.1038
1.1255
1.1475
1.1699
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
6.
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
7
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
1.2668
1.3048
1.3686
1.4221
1.4775
1.8509
1.9206
2.0839
8.
1.2184
1.3168
1.5347
1.5938
1.6550
1.7182
1.7835
1.9926
2.0669
2.1436
1.2489
1.3629
1.4233
1.4861
1.5513
1.6191
1.6895
1.7626
1.8385
1.9172
1.9990
2.1719
2.2632
2.3579
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
2.2156
2.3316
2.4532
2.5804
2.7137
2.8531
2.2522
2.3818
2.5182
2.6617
3.1384
2.9715
3.2537
1.3449
1.4258
1.5111
1.6010
1.6959
2.0122
2.1291
2.8127
1.9012
2.0058
12
1.7959
13
1.3785
1.4685
1.5640
1.6651
1.7722
1.8856
2.1329
2.2675
2.4098
2.5604
2.7196
2.8879
3.0658
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
3.6887
3.9703
4.3276
4.5950
5.0545
3.4259
4.2719
2.9522
3.1588
3.1808
1.6047
1.6528
1.7340
1.7947
1.8730
2.0224
2.3553
2.4848
16
1.4845
2.1829
2.5404
2.7390
17
1.1843 1.2880 1.4002
1.5216
1.9479
2.1134
2.2920
2.6928
2.9170
3.4194
3.7000
4.0023
4.6778
3.6758
3.9960
4.3425
4.7171
5.1222
5.5599
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
27
18
1.5597
1.7024
1.8575
2.0258
2.2085
2.4066
2.6215
2.8543
3.1067
3.3799
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
1.8603
4.1406
4.5664
5.0338
5.5466
6.1088
6.7251
7.4002
2.0594
2.1315
2.2061
1.6796
2.2788
2.5202
2.7860
3.0782
3.3996
3.7527
21
22
1.7216
1.9161
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
4.7405
5.2771
5.8715
6.5296
7.2579
8.0635
8.9543
2.4647
2.5633
2.6658
23
1.7646
1.9736
2.7522
3.0715
3.4262
3.8197
4.2564
1.8087
2.2833
2.8760
3.2251
3.6146
4.0489
4.5331
5.0724
5.6729
6.3412
7.0846
7.9111
8.8296
9.8497
2.0328
2.0938
24
25
1.8539
2.3632
3.0054
3.3864
3.8134
4.2919
4.8277
5.4274
6.0983
6.8485
7.6868
8.6231
9.6684
10.8347
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
2.4460
2.5316
26
1.9003
2.1566
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
1.1442 1.3082 1.4948 1.7069
28
1.9478
2.2213
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
1.1499 1.3213 1.5172 1.7410
29
1.9965
2.2879
2.6202
12.1722
13.2677
15.8631
17.4494
13.8998
8.1441
8.7550
2.7119
3.1187
3.5840
4.1161
4.7241
5.4184
6.2107
7.1143
9.3173
10.6528
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
33
2.0464
2.3566
15.2203
11.5583
12.5407
30
2.0976
2.4273
2.8068
3.2434
3.7453
4.3219
4.9840
5.7435
6.6144
7.6123
10.0627
16.6662
19.1943
14.4618
15.7633
31
2.1500
2.5001
2.9050
3.3731
3.9139
4.5380
5.2581
6.0881
7.0443
8.1451
9.4116
10.8677
21.1138
23.2252
25.5477
28.1024
32
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
18.2495
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
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
2.2589
2.6523
21.8816
23.9604
23153
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
34
9.0623
10.6766
12.5689
17.3796
20.4140
14.7853
15.9682
3.9461
4.6673
5.5160
6.5138
7.6861
3.3336
3.4503
35
2.3732
2.8139
2.4325
2.8983
4.1039
4.8774
5.7918
6.8721
8.1473
9.6513
11.4239
13.5115
18.8569
22.2512
26.2366
30.9127
36
24.2538
26.4367
28.7291
31.4584
34.0039
37.4043
20.4597
12.2236
13.0793
14.5249
17.2456
10.2786
10.9467
4.2681
5.0969
6.0814
7.2501
8.6361
2.4933
2.5557
2.9852
3.0748
3.5710
3.6960
37
1.2027
1.4451 1.7348 2.0807
4.4388
5.3262
6.3855
7.6488
9.1543
15.6143
18.6253
22.1988
1.2087 1.4595 1.7608 |2.1223
1.2147 1.4741 1.7872 21647
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 1.5340 1.8969 2.3432
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
38
8.0695
9.7035
11.6583
13.9948
16.7853
20.1153
24.0857
28.8160
34.4469
41.1448
39
2.6196
3.1670
3.8254
4.6164
5.5659
6.7048
2.6851
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
45.2593
40
10.9029
13.2231
16.0227
19.3976
23.4625
28.3543
34.2363
41.3027
49.7852
6.0781
7.3920
8.9815
4.9931
5.1928
41
2.7522
3.3599
4.0978
45.2265
54.7637
30.7644
33.3794
37.3175
40.6761
2.8210
3.4607
4.2413
6.3516
7.7616
9.4755
11.5570
14.0826
17.1443
20.8524
25.3395
42
9.9967
12.2505
14.9980
18.3444
22.4163
27.3666
49.5230
60.2401
43
2.8915
3.5645
4.3897
5.4005
6.6374
8.1497
6.9361
8.5572
10.5465
12.9855
15.9729
19.6285
24.0975
29.5560
36.2167
44.3370
54.2277
66.2641
44
2.9638
3.6715
4.5433
5.6165
59.3793
72.8905
48.3273
52.6767
39.2951
31.9204
34.4741
21.0025
25.9048
27.8477
45
3.0379
3.7816
4.7024
5.8412
7.2482
8.9850
11.1266
13.7646
17.0111
9.4343
11.7385
14.5905
18.1168
22.4726
42.6352
65.0204
80.1795
46
3.1139
3.8950
4.8669
6.0748
7.5744
57.4176
71.1973
88.1975
12.3841
15.4659
19.2944
24.0457
29.9363
37.2320
46.2592
9.9060
10.4013
47
3.1917
4.0119
5.0373
6.3178
7.9153
50.1912
62.5852
77.9611
97.0172
40.2106
32.1815
34.5951
3.2715
5.2136
6.5705
8.2715
13.0653
16.3939
20.5485
25.7289
4.1323
4.2562
48
43.4274
54.4574
68.2179
85.3674
106.7190
3.3533
5.3961
6.8333
8.6437
10.9213
13.7838
17.3775
21.8842
27.5299
49
14.5420
18.4202
23.3067
29.4570
37.1897
46.9016
59.0863
74.3575
93.4773
117.3909
50
3.4371
4.3839
5.5849
7.1067
9.0326
11.4674
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