Solve the following problem using either Table 11-1 pr Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to thenearest cent and percents to the nearest'hundredth of a percent)Simon invests $19,750, at 8% interest, compounded annually for 7 years. Calculate the compound amount for hls investment.O $11,060.00O $14,097.95O $30,810.00O $33,847.95 TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest)Perlods1%1%2%3%4%5%6%7%8%Perlods1.005001.010001.015001.020001.030001.040001.050001.060001.070001.0800021.010031.020101.030231.040401.060901.081601.102501.123601.144901.166401.015081.030301.045681.061211.092731.124861.157631.191021.225041.2597134.1.020151.040601.061361.082431.125511.169861.215511.262481.310801.360494.1.025251.051011.077281.104081.159271.216651.276281.338231.402551.469335n6.1.030381.061521.093441.126161.194051.265321.340101.418521.500731.586879.7.1.035531.072141.109841.148691.229871.315931.407101.503631.605781.713828.1.040711.08286L.126491.171661.266771.368571.477461.593851.718191.850931.045911.093691.143391.195091.304771.423311.551331.689481.838461.99900101.051141.104621.160541218991.343921.480241.628891.790851.967152.15892101.243371.26824111.05640I.115671.177951.384231.710341.795861.539451.898302.104852.33164111.126831.138091.195621.21355121.061681.425761.601032.012202.252192.5181712131.066991.293611.468531.665071.885652.132932.409852.7196213141.072321.149471.231761.319481.512591.731681.979932.260902.578532.9371914151.077681.160971.250231.345871.557971.800942.078932.396562.759033.1721715161.083071.172581.268991.372791.604711.872982.182872.540352.952163.4259416171.088491.184301.288021.400241.428251.652851.947902.292022.692773.158823.7000217181.093931.196151.307341.702432.025822.406622.854343.379933.9960218191.099401.208111.326951.456811.753512.106852.526953.025603.616534.3157019201.104901.220191.346861.485951.806112.191122.653303.207143.869684.6609620211.110421.232391.367061.515673.399564.140565.03383211.860291.916102.278772.78596221.115971.244721.387561545982.369922.925263.603544.430405.4365422231.121551.257161.576901.608441.408381.973592.464723.071523.819754.740535.8714623241.127161.269732.032794.048935.072375.427431.429502.563303.225106.3411824251.132801.282431.450951.640612.093782.665843.386354.291876.8484825Periods9%10%11%12%13%14%15%16%17%18%PeriodsL180001.090001.188101.100001.110001.120001.130001.14000L.150001.160001.1700021.210001.232101.254401.276901.299601.322501.345601.368901.392401.295031.331001,481543.367631.518071.404931.442901.520881.560901.601611.643034.1.411581.464101573521.630471.688961.749011.81064L.873891.938784.1.538621.610511.685061.762341.842441.925412.011362.100342.192452.287765.1.677101.771561.870411.973822.081952.194972.313062.436402.565162.699556.1.828041.948722.076162.210682.352612.502272.660022.826223.001243. I85477.8.1.992562.143592.304542.475962.658442.852593.059023.278413.511453.758862.171892.357952.558042.773083.004043.251953.517883,802964.108404.43545102.367362.593742.839423.105853.394573.707224.045564.411444.806835.2338410112.580432.853123.151763.478553.835864.226234.65239-5.117265.623996.175934.334524.817905.49241122.812663.138433.498453.895985.350255.936036.580077.2875912133.065803.452273.883284.363494.898016.152796.885797.698688.59936134.887145.47357143.341733.797504.310445.534756.261357.075717.987529.00745 10.1472414153.642484.177254.784596.254277.137948.137069.2655210.5387211.97375154.594975.054476.130396.866045.310897.067338.137259.3576210.7480012.3303014.12902163.970314.3276316175.895097.986089.2764610.7612612.4676814.4264616.67225179.0242710.1974211.52309184.717125.559926.543557.6899710.5731712.3754514.4625116.8789519.6732518195.141666.115917.2633486127612.0556914.2317716.7765219.7483823.2144419205,604416.727508.062319.6462913.7434916.3665419.4607623.1056027.393032018.8215222.5744827.0335531.6292532.32378216.1088I6.65860217.400258.9491710.8038513.0210915.6675817.8610426.186408.140278.95430229.9335712.1003114.7138321.6447538.142062216.6266320.3615823.2122124.8914628.6251811.0262730.3762237.0062345.007632323247.257877.911O813.5523515.1786317.000069.8497312.2391618.7880935.2364243.2972953.109012425K.62810.8347113.5854621.2305426.4619232.9189540.8742450.6578362.6686325The values in Table 11-1 were generated by the formula FV (1-0 rounded to five decimal places, where i is the interestrate per period and is the total number of periodsMacBook Ail吕口F3D00O00F4F6F7F8F9F10F58.

Answered: Image /qna-images/answer/3f63b432-37b5-45a4-9251-327ba4292ecb.jpg

Solve the following problem using either Table 11-1 pr Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearesthündredth of a percent) Simon invests $19,750, at 8% interest, compounded annually for 7 years. Calculate the compound amount for his investment. O $11,060.00 O $14,097.95 O $30,810.00 O $33,847.95

Solve the following problem using either Table 11-1 pr Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearesthündredth of a percent) Simon invests $19,750, at 8% interest, compounded annually for 7 years. Calculate the compound amount for his investment. O $11,060.00 O $14,097.95 O $30,810.00 O $33,847.95

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Solve the following problem using either Table 11-1 pr Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the
nearest cent and percents to the nearest'hundredth of a percent)
Simon invests $19,750, at 8% interest, compounded annually for 7 years. Calculate the compound amount for hls investment.
O $11,060.00
O $14,097.95
O $30,810.00
O $33,847.95

TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest)
Perlods
1%
1%
2%
3%
4%
5%
6%
7%
8%
Perlods
1.00500
1.01000
1.01500
1.02000
1.03000
1.04000
1.05000
1.06000
1.07000
1.08000
2
1.01003
1.02010
1.03023
1.04040
1.06090
1.08160
1.10250
1.12360
1.14490
1.16640
1.01508
1.03030
1.04568
1.06121
1.09273
1.12486
1.15763
1.19102
1.22504
1.25971
3
4.
1.02015
1.04060
1.06136
1.08243
1.12551
1.16986
1.21551
1.26248
1.31080
1.36049
4.
1.02525
1.05101
1.07728
1.10408
1.15927
1.21665
1.27628
1.33823
1.40255
1.46933
5n
6.
1.03038
1.06152
1.09344
1.12616
1.19405
1.26532
1.34010
1.41852
1.50073
1.58687
9.
7.
1.03553
1.07214
1.10984
1.14869
1.22987
1.31593
1.40710
1.50363
1.60578
1.71382
8.
1.04071
1.08286
L.12649
1.17166
1.26677
1.36857
1.47746
1.59385
1.71819
1.85093
1.04591
1.09369
1.14339
1.19509
1.30477
1.42331
1.55133
1.68948
1.83846
1.99900
10
1.05114
1.10462
1.16054
121899
1.34392
1.48024
1.62889
1.79085
1.96715
2.15892
10
1.24337
1.26824
11
1.05640
I.11567
1.17795
1.38423
1.71034
1.79586
1.53945
1.89830
2.10485
2.33164
11
1.12683
1.13809
1.19562
1.21355
12
1.06168
1.42576
1.60103
2.01220
2.25219
2.51817
12
13
1.06699
1.29361
1.46853
1.66507
1.88565
2.13293
2.40985
2.71962
13
14
1.07232
1.14947
1.23176
1.31948
1.51259
1.73168
1.97993
2.26090
2.57853
2.93719
14
15
1.07768
1.16097
1.25023
1.34587
1.55797
1.80094
2.07893
2.39656
2.75903
3.17217
15
16
1.08307
1.17258
1.26899
1.37279
1.60471
1.87298
2.18287
2.54035
2.95216
3.42594
16
17
1.08849
1.18430
1.28802
1.40024
1.42825
1.65285
1.94790
2.29202
2.69277
3.15882
3.70002
17
18
1.09393
1.19615
1.30734
1.70243
2.02582
2.40662
2.85434
3.37993
3.99602
18
19
1.09940
1.20811
1.32695
1.45681
1.75351
2.10685
2.52695
3.02560
3.61653
4.31570
19
20
1.10490
1.22019
1.34686
1.48595
1.80611
2.19112
2.65330
3.20714
3.86968
4.66096
20
21
1.11042
1.23239
1.36706
1.51567
3.39956
4.14056
5.03383
21
1.86029
1.91610
2.27877
2.78596
22
1.11597
1.24472
1.38756
154598
2.36992
2.92526
3.60354
4.43040
5.43654
22
23
1.12155
1.25716
1.57690
1.60844
1.40838
1.97359
2.46472
3.07152
3.81975
4.74053
5.87146
23
24
1.12716
1.26973
2.03279
4.04893
5.07237
5.42743
1.42950
2.56330
3.22510
6.34118
24
25
1.13280
1.28243
1.45095
1.64061
2.09378
2.66584
3.38635
4.29187
6.84848
25
Periods
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
Periods
L18000
1.09000
1.18810
1.10000
1.11000
1.12000
1.13000
1.14000
L.15000
1.16000
1.17000
2
1.21000
1.23210
1.25440
1.27690
1.29960
1.32250
1.34560
1.36890
1.39240
1.29503
1.33100
1,48154
3.
36763
1.51807
1.40493
1.44290
1.52088
1.56090
1.60161
1.64303
4.
1.41158
1.46410
157352
1.63047
1.68896
1.74901
1.81064
L.87389
1.93878
4.
1.53862
1.61051
1.68506
1.76234
1.84244
1.92541
2.01136
2.10034
2.19245
2.28776
5.
1.67710
1.77156
1.87041
1.97382
2.08195
2.19497
2.31306
2.43640
2.56516
2.69955
6.
1.82804
1.94872
2.07616
2.21068
2.35261
2.50227
2.66002
2.82622
3.00124
3. I8547
7.
8.
1.99256
2.14359
2.30454
2.47596
2.65844
2.85259
3.05902
3.27841
3.51145
3.75886
2.17189
2.35795
2.55804
2.77308
3.00404
3.25195
3.51788
3,80296
4.10840
4.43545
10
2.36736
2.59374
2.83942
3.10585
3.39457
3.70722
4.04556
4.41144
4.80683
5.23384
10
11
2.58043
2.85312
3.15176
3.47855
3.83586
4.22623
4.65239
-5.11726
5.62399
6.17593
4.33452
4.81790
5.49241
12
2.81266
3.13843
3.49845
3.89598
5.35025
5.93603
6.58007
7.28759
12
13
3.06580
3.45227
3.88328
4.36349
4.89801
6.15279
6.88579
7.69868
8.59936
13
4.88714
5.47357
14
3.34173
3.79750
4.31044
5.53475
6.26135
7.07571
7.98752
9.00745 10.14724
14
15
3.64248
4.17725
4.78459
6.25427
7.13794
8.13706
9.26552
10.53872
11.97375
15
4.59497
5.05447
6.13039
6.86604
5.31089
7.06733
8.13725
9.35762
10.74800
12.33030
14.12902
16
3.97031
4.32763
16
17
5.89509
7.98608
9.27646
10.76126
12.46768
14.42646
16.67225
17
9.02427
10.19742
11.52309
18
4.71712
5.55992
6.54355
7.68997
10.57317
12.37545
14.46251
16.87895
19.67325
18
19
5.14166
6.11591
7.26334
861276
12.05569
14.23177
16.77652
19.74838
23.21444
19
20
5,60441
6.72750
8.06231
9.64629
13.74349
16.36654
19.46076
23.10560
27.39303
20
18.82152
22.57448
27.03355
31.62925
32.32378
21
6.1088I
6.65860
21
7.40025
8.94917
10.80385
13.02109
15.66758
17.86104
26.18640
8.14027
8.95430
22
9.93357
12.10031
14.71383
21.64475
38.14206
22
16.62663
20.36158
23.21221
24.89146
28.62518
11.02627
30.37622
37.00623
45.00763
23
23
24
7.25787
7.911O8
13.55235
15.17863
17.00006
9.84973
12.23916
18.78809
35.23642
43.29729
53.10901
24
25
K.628
10.83471
13.58546
21.23054
26.46192
32.91895
40.87424
50.65783
62.66863
25
The values in Table 11-1 were generated by the formula FV (1-0 rounded to five decimal places, where i is the interest
rate per period and is the total number of periods
MacBook Ail
吕口
F3
D00
O00
F4
F6
F7
F8
F9
F10
F5
8.

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