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Tait is entering high school and is determined to save money for college. Tait feels he can save $2.500 each year for the next four years from his part-time job. If Tait is able to invest at 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Reference

Tait is entering high school and is determined to save money for college. Tait feels he can save $2.500 each year for the next four years from his part-time job. If Tait is able to invest at 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Reference

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tait is entering high school and is determined to save money for college. Tait feels he can save $2,500 each year for the next four years from his part-time job. If Tait is able to invest at 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.) E (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) E (Click the icon to view Future Value of Ordinary Annuity of $1 table.) - X Reference (Round your answer to the nearest dollar.) Reference When Tait starts college he will have Present Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Future Value of $1 0.990 0.980 0.971 0.962 0.952 0.943 0.980 0.961 0.943 0.925 0.907 0.971 0.942 0.915 0.889 0.864 0.840 0.961 0.924 0.888 0.855 0.823 0.792 0.951 0.906 0.863 0.822 0.784 0.747 0.917 0.909 0.893 | 0.877 0.870 0.862 0.847 0.833 0.826 0.797 0.769 0.756 0.743 0.935 0.926 0.890 0.873 0.857 0.842 0.718 0.694 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 3% 4% 5% 6% 7% 9% 10% 12% 14% 1.120 1.140 8% 15% 0.816 0.763 0.735 0.713 0.681 0.772 0.751 0.712 0.675 0.658 0.708 0.683 0.636 0.650 0.621 0.794 0.641 0.609 0.579 1.030 1.040 1.050 1.060 1.070 1.080 1.061 1.082 1.103 1.124 1.145 1.166 1.010| 1.020 1.090 1.100 1.150 0.592 | 0.572 0.552 0.519 | 0.497 0.476 0.516 | 0.482 0.437 1.020 1.040 1.188 1.210 1.254 1.300 1.405 1,482 1.574 1.689 1.762 1.925 2.011 1.323 0.567 0.402 1.030| 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.360 1.412 1.464 1.276 | 1.338 1.403 1.469 1.539 1.611 1.521 1.082 1.126 1.170 1.216 1.262 1.311 1.104 1.159 1.217 Period 6 Period 7 Period 8 Period 9 0.942 0.888 0.837 0.790 0.746 0.705 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.923 0.853 0.789 0.731 0,677 0.914 0.837 0.766 0.703 0.645 0.592 0.544 Period 10 0.905 0.820 | 0.744 0.676 0.614 | 0.558 0.508 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 0.500 0.460 0.424 0.361 | 0.308 0.284 0.263 0.225 0.194 0.463 0.422 | 0.386 | 0.322 | O.270 0.247 0. 227 0.191 0.162 1.041 1.749 0.666 0.630 1.051 0.583 0.627 0.582 0.540 Period 6 Period 7 Period 8 Period 9 Period 10 1.587 1.677 1.772 1.974 2.195 2.313 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 1.718 1.851 1.993 2.144 2476 2.853 3.059 1.094 1.195| 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 1.344 1.480| 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.062 1.126 1.194 1.265| 1.340 | 1.419 1.501 1.072 1.149 1.230 1.316 1.083 1.172 1.267 1,369 1.477 1.594 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 Period 13 0.879 0.773 0.681 0.601 | 0.530 0.469 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 0.397 0.356 0.319 0.257 0.368 0.3260.290 0.229 0.340 | 0.299 | 0.263 0.205 0.315 0.275 0.239 | 0.183 1.105| 1,219 4.226 4.652 4,818| 5.350 1.469 1.665 1.886 2.133 2410 2.720 3.066 3.452 4.363 5.492 6.153 4.887 6.261 7.076 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 5.474 7.138 8.137 0.444 0.415 0.388 0.208 0.187| 0.168 0.137 0.112 0.182 0.163 0.145 0.116 0.093 0.160 0.141| 0.125 0.099 0.078 0.140 0.123 0.108 0.084 0.065 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 Period 11 Period 12 Period 13 Period 14 Period 15 1.116 1.127 1.138 1.243 1.268 1.294 0.362 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 Period 17 0.844 0.714 0.605 0.513 0.436 Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 Period 20 0.820 0.673 0.554 0.456 0.377 1.149 1.319 1.513 1.732 1.980 2.261 | 2.579 2.937 3.342 3.798 0.292 0.2520.218 0.163 0.123 0.107 0.093 0.071 0.054 1.161 0.371| 0.317 0.270 0.231 0.198 | 0.146 | o.108 0.093 0.080 | 0.060 | 0.045 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 0.194 0.164| 0.116 0.083 0.070 0.060 | 0.043 0.031 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 0.250 Period 16 Period 17 Period 18 Period 19 Period 20 1.173 1,373 1.184| 1.400 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 6.866 9.276 | 10.76 7.690 10.58| 12.38 8.613 12.06 14,23 9.646 13.74| 16.37 0.232 1.653 1.948 2.292 2.693 3.159 | 3.700 | 4.328 | 5.054 2.407 2.854 3.380 | 3.996 4.717 5.560 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 4.661 5.604 6.727 0.312 0.258 0.215 1.196 1.428 1.702 2.026 Period 21 0.811 0.660 0.538 0.439 0.359 0.294 0.242 0.199 0.164 0.135 | 0.093 | 0.064 0.053 0.044 0.031 0.022 0.026 0.018 0.211| 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 1.208 1.457 1.220 1.486 1.806 2.191 2.653 3.207 3.870 Period 22 0.803 0.647 0.522 0.422 0.342| 0.278 | 0.226 0.184 0.150 0.123 | 0.083 | 0.056 0.046 0.038 Period 21 Period 22 Period 23 Period 24 Period 25 Period 23 0.795 0.634 0.507 0.406 0.326 0.262 0.788 0.622 0.492 0.390 0.310 0.247 0.295 0.233 1.860 2.279 2.786 3.400 4.141 15.67 18.82 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24. 15.18 23.21 28.63 17.00 26.46 32.92 1.232 1.516 5.034 6.109 7.400 10.80 0.158 0.126 0.102 0.066 0.146 0.116| 0.092 0.059 0.135 0.106 | 0.084 | 0.053 | o.033 0.026 0.021 0.125 0.098 0.076 | 0.047 0.116 0.090 | 0.069 0.042 0.026 0.020 | 0.016 0.010 0.006 Period 24 Period 25 0.197 0.043 0.035 0.028 0.019 0.013 1.245 1.257 1.577 1.270 | 1.608| 2.033 2.563 3.225 4.049 5.072 6.341 7.911 9.850 1.546 0.780 0.610 0.478 0.375 0.184 0.038 0.030 0.024 0.016 0.010 Period 26 0.772 0.598 0.464 0.361 0.281 0.220| 0.172 Period 27 0.764 0.586 0.450 0.347 0.268 0.207 0.161 Period 28 0.757 0.574 0.437 0.333 0.255 0.196 0.150 Period 29 0.749 0.563 0.424 0.321 0.243 0.185 0.141 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 | 0.131 0.014 0.009 1.282 1.641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 10.83 0.029 0.023 0.018 | 0.011 0.007 4.549 5.807 7.396 | 9.399 11.92 1.707 2.221 2.883 3.733 4.822 6.214 | 7.988 10.25 13.11| 21.32 34.39 43.54 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 1.776 2.357 3.119 4.116 5.418 7.114 9.317 12.17 15.86 26.75 44.69 57.58 1.348 1.811 2427 3.243 4.322 5.743 7.612 10.06 13.27 17.45 29.96 50.95 66.21 1.673 2.157| 2.772 | 3.556 Period 26 Period 27 Period 28 Period 29 Period 30 1.295 19.04 30,17 37.86 0.107 0.082 0.063 0.037 0.022 0.017 0.014 0.008 | 0.005 1.308 0.099 0.075 0.057 0.033 0.020 0.015 0.012 0.007 0.004 1.321 1.335 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.067 0.046 0.032 0.022 | 0.011 0.005 0.004 0.003 0.001 0.001 Period 50 0.608 0.372 0.228 0.141 0.087 0.054 0.034 0.021 0.013 0.009| 0.003 0.001 0.001 0.001 Period 40 1.489 | 2.208 3.262 4.801 7.040 10.29 14.97 21.72 31.41 45.26 93.05 188.9 267.9 Period 50 1.645 2.692 4.384 7.107 11.47 18.42 29.46 46.90 74.36 117.4 289.0 700.2 1,084
Transcribed Image Text:Tait is entering high school and is determined to save money for college. Tait feels he can save $2,500 each year for the next four years from his part-time job. If Tait is able to invest at 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.) E (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) E (Click the icon to view Future Value of Ordinary Annuity of $1 table.) - X Reference (Round your answer to the nearest dollar.) Reference When Tait starts college he will have Present Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Future Value of $1 0.990 0.980 0.971 0.962 0.952 0.943 0.980 0.961 0.943 0.925 0.907 0.971 0.942 0.915 0.889 0.864 0.840 0.961 0.924 0.888 0.855 0.823 0.792 0.951 0.906 0.863 0.822 0.784 0.747 0.917 0.909 0.893 | 0.877 0.870 0.862 0.847 0.833 0.826 0.797 0.769 0.756 0.743 0.935 0.926 0.890 0.873 0.857 0.842 0.718 0.694 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 3% 4% 5% 6% 7% 9% 10% 12% 14% 1.120 1.140 8% 15% 0.816 0.763 0.735 0.713 0.681 0.772 0.751 0.712 0.675 0.658 0.708 0.683 0.636 0.650 0.621 0.794 0.641 0.609 0.579 1.030 1.040 1.050 1.060 1.070 1.080 1.061 1.082 1.103 1.124 1.145 1.166 1.010| 1.020 1.090 1.100 1.150 0.592 | 0.572 0.552 0.519 | 0.497 0.476 0.516 | 0.482 0.437 1.020 1.040 1.188 1.210 1.254 1.300 1.405 1,482 1.574 1.689 1.762 1.925 2.011 1.323 0.567 0.402 1.030| 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.360 1.412 1.464 1.276 | 1.338 1.403 1.469 1.539 1.611 1.521 1.082 1.126 1.170 1.216 1.262 1.311 1.104 1.159 1.217 Period 6 Period 7 Period 8 Period 9 0.942 0.888 0.837 0.790 0.746 0.705 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.923 0.853 0.789 0.731 0,677 0.914 0.837 0.766 0.703 0.645 0.592 0.544 Period 10 0.905 0.820 | 0.744 0.676 0.614 | 0.558 0.508 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 0.500 0.460 0.424 0.361 | 0.308 0.284 0.263 0.225 0.194 0.463 0.422 | 0.386 | 0.322 | O.270 0.247 0. 227 0.191 0.162 1.041 1.749 0.666 0.630 1.051 0.583 0.627 0.582 0.540 Period 6 Period 7 Period 8 Period 9 Period 10 1.587 1.677 1.772 1.974 2.195 2.313 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 1.718 1.851 1.993 2.144 2476 2.853 3.059 1.094 1.195| 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 1.344 1.480| 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.062 1.126 1.194 1.265| 1.340 | 1.419 1.501 1.072 1.149 1.230 1.316 1.083 1.172 1.267 1,369 1.477 1.594 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 Period 13 0.879 0.773 0.681 0.601 | 0.530 0.469 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 0.397 0.356 0.319 0.257 0.368 0.3260.290 0.229 0.340 | 0.299 | 0.263 0.205 0.315 0.275 0.239 | 0.183 1.105| 1,219 4.226 4.652 4,818| 5.350 1.469 1.665 1.886 2.133 2410 2.720 3.066 3.452 4.363 5.492 6.153 4.887 6.261 7.076 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 5.474 7.138 8.137 0.444 0.415 0.388 0.208 0.187| 0.168 0.137 0.112 0.182 0.163 0.145 0.116 0.093 0.160 0.141| 0.125 0.099 0.078 0.140 0.123 0.108 0.084 0.065 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 Period 11 Period 12 Period 13 Period 14 Period 15 1.116 1.127 1.138 1.243 1.268 1.294 0.362 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 Period 17 0.844 0.714 0.605 0.513 0.436 Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 Period 20 0.820 0.673 0.554 0.456 0.377 1.149 1.319 1.513 1.732 1.980 2.261 | 2.579 2.937 3.342 3.798 0.292 0.2520.218 0.163 0.123 0.107 0.093 0.071 0.054 1.161 0.371| 0.317 0.270 0.231 0.198 | 0.146 | o.108 0.093 0.080 | 0.060 | 0.045 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 0.194 0.164| 0.116 0.083 0.070 0.060 | 0.043 0.031 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 0.250 Period 16 Period 17 Period 18 Period 19 Period 20 1.173 1,373 1.184| 1.400 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 6.866 9.276 | 10.76 7.690 10.58| 12.38 8.613 12.06 14,23 9.646 13.74| 16.37 0.232 1.653 1.948 2.292 2.693 3.159 | 3.700 | 4.328 | 5.054 2.407 2.854 3.380 | 3.996 4.717 5.560 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 4.661 5.604 6.727 0.312 0.258 0.215 1.196 1.428 1.702 2.026 Period 21 0.811 0.660 0.538 0.439 0.359 0.294 0.242 0.199 0.164 0.135 | 0.093 | 0.064 0.053 0.044 0.031 0.022 0.026 0.018 0.211| 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 1.208 1.457 1.220 1.486 1.806 2.191 2.653 3.207 3.870 Period 22 0.803 0.647 0.522 0.422 0.342| 0.278 | 0.226 0.184 0.150 0.123 | 0.083 | 0.056 0.046 0.038 Period 21 Period 22 Period 23 Period 24 Period 25 Period 23 0.795 0.634 0.507 0.406 0.326 0.262 0.788 0.622 0.492 0.390 0.310 0.247 0.295 0.233 1.860 2.279 2.786 3.400 4.141 15.67 18.82 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24. 15.18 23.21 28.63 17.00 26.46 32.92 1.232 1.516 5.034 6.109 7.400 10.80 0.158 0.126 0.102 0.066 0.146 0.116| 0.092 0.059 0.135 0.106 | 0.084 | 0.053 | o.033 0.026 0.021 0.125 0.098 0.076 | 0.047 0.116 0.090 | 0.069 0.042 0.026 0.020 | 0.016 0.010 0.006 Period 24 Period 25 0.197 0.043 0.035 0.028 0.019 0.013 1.245 1.257 1.577 1.270 | 1.608| 2.033 2.563 3.225 4.049 5.072 6.341 7.911 9.850 1.546 0.780 0.610 0.478 0.375 0.184 0.038 0.030 0.024 0.016 0.010 Period 26 0.772 0.598 0.464 0.361 0.281 0.220| 0.172 Period 27 0.764 0.586 0.450 0.347 0.268 0.207 0.161 Period 28 0.757 0.574 0.437 0.333 0.255 0.196 0.150 Period 29 0.749 0.563 0.424 0.321 0.243 0.185 0.141 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 | 0.131 0.014 0.009 1.282 1.641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 10.83 0.029 0.023 0.018 | 0.011 0.007 4.549 5.807 7.396 | 9.399 11.92 1.707 2.221 2.883 3.733 4.822 6.214 | 7.988 10.25 13.11| 21.32 34.39 43.54 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 1.776 2.357 3.119 4.116 5.418 7.114 9.317 12.17 15.86 26.75 44.69 57.58 1.348 1.811 2427 3.243 4.322 5.743 7.612 10.06 13.27 17.45 29.96 50.95 66.21 1.673 2.157| 2.772 | 3.556 Period 26 Period 27 Period 28 Period 29 Period 30 1.295 19.04 30,17 37.86 0.107 0.082 0.063 0.037 0.022 0.017 0.014 0.008 | 0.005 1.308 0.099 0.075 0.057 0.033 0.020 0.015 0.012 0.007 0.004 1.321 1.335 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.067 0.046 0.032 0.022 | 0.011 0.005 0.004 0.003 0.001 0.001 Period 50 0.608 0.372 0.228 0.141 0.087 0.054 0.034 0.021 0.013 0.009| 0.003 0.001 0.001 0.001 Period 40 1.489 | 2.208 3.262 4.801 7.040 10.29 14.97 21.72 31.41 45.26 93.05 188.9 267.9 Period 50 1.645 2.692 4.384 7.107 11.47 18.42 29.46 46.90 74.36 117.4 289.0 700.2 1,084
Future Value of Ordinary Annuity of $1 Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Periods 1% 0.990 | 0.980 1.970| 1.942 2.941 2.884 2.829 3.902 | 3.808 4.853 4.713 2% 3% 20% 0.862 0.847 0.833 1.566| 1.528 2.283 2.246 2.174 2.106 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914| 2.855 2.798 2.690 2.589 3.605 3.433 3.352 3.274 3.127 2.991 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% Period 1 Period 2 Period 3 Period 4 Period 5 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 1 Period 2 Period 3 Period 4 Period 5 1.000 1.000 1.000 1.000 1.000 1.000 1.000 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 2.775 2.723 2.673 2.624 2.577 2.531 2.487 1.913 1.886 3.030 3.060 3.091 3.122 3.153 4.060 4.122 4.184 4.246 4.310 5.101 5.204 5.309 5.416 5.526 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 2.402 2.322 3.717 4.580 4.452 4.329 | 4.212 4.100 3.993 3.890 3.791 Period 6 Period 7 Period 8 Period 9 Period 10 Period 6 Period 7 Period 8 Period 9 Period 10 5.795 5.601 6.728 | 6.472 7.652 7.325 8.566 8.162 5.417 5.242 5.076 4.917 4.767 | 4.111 3.889 3.784 3.685 3.498 3.326 4.039 | 3.812 3.605 6.152 6.308 6.468 6.633 6.802 7.214 7.434 7.662 7.898 8.142 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 9.369 9.755 10.16 10.58 11.03 10.46 10.95 11.46 12.01 | 12.58 7.153 7.336 7.523 7.716 8.115 8.536 8.754 8.654 8.923 9.200 9.487 10.09 | 10.73 11.07 | 12.30 13.23 13.73 11.98 12.49 13.02 13.58 | 14.78 16.09 16.79 13.82 14.49 15.19 15.94 17.55 19.34 20.30 4.623 4.486 4.355 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 6.975 8.394 6.230 6.002 4.160 7.020 6.733 6.463 6.210| 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4.344 4.078 3.837 11.49 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.772 | 4.607 4.303 4.031 13.18 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216| 5.019 4.833 4.494 4.192 8.760 5.938 5.453 5.234 5.029 Period 11 Period 12 Period 13 Period 14 Period 15 11.57 12.17 12.81 13.49 14.21 15.78 16.65 17.56| 18.53 20.65 23.04 24.35 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34.35 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 Period 11 Period 12 Period 13 Period 14 Period 15 10.368 9.787 9.253 11.255 10.575 9.954 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 5.342 4.910 4.533 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 14.97 8.306 7.887 7.499 7.139 6.805 6.495 4.656 4.327 12.68 13.41 14.19 15.03 15.92 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 6.628 6.002 5.724 5.468 5.008 4.611 5.575 5.092 4.675 Period 16 Period 17 Period 18 Period 19 Period 20 17.26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 19.61 21.41 23.41 25.65 28.13 30.91 20.81 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 Period 16 Period 17 Period 18 Period 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365| 7.366 6.550 6.198 5.877 5.316 Period 20 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 15.562 14.292 13.166 12.166 11.274 10.477 9.763 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 6.128 5.162 4.730 30.84 33.75 36.97 40.54 48.88 59.12 65.08 34.00 37.45 41.30 45.60 55.75 68.39 75.84 5.749 5.222 4.775 5.818 5.273 4.812 9.122 8.544 8.022 7.120 | 6.373 6.047 4.844 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 Period 21 Period 22 Period 23 Period 24 Period 25 23.24 25.78 28.68 31.97 35.72 39.99 44.87 50.42 56.76 64.00 81.70 104.8 118.8 24.47 27.30 30.54 34.25 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 137.6 25.72 28.85 32.45 36.62 41.43 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 26.97 30.42 34.43 39.08 44.50 50.82 58.18 66.76 76.79 88.50 | 118.2 158.7 184.2 28.24 32.03 36.46 41.65 47.73 Period 21 6.312 5.973 5.384 4.891 6.011| 5.410 4.909 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 7.645 6.743 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 | 7.718 6.792 6.399 Period 24 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 6.835 6.434 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.464 7.562 6.687 6.359 Period 23 6.044 5.432 4.925 6.073 5.451 4.937 54.86 63.25 73.11 84.70 98.35 133.3 181.9 212.8 Period 25 6.097 5.467 4.948 29.53 33.67 38.55 44.31 51.11| 59.16 30.82 35.34 40.71 47.08 54.67 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95.34 113.0 134.2 190.7 272.9 327.1 33.45 38.79 45.22 52.97 62.32 73.64 87.35 104.0 124.1 148.6 214.6 312.1 377.2 34.78 40.57 47.58 56.08 66.44 79.06 94.46 113.3 136.3 164.5 241.3 356.8 434.7 68.68 79.95 93.32 109.2 | 150.3 208.3 245.7 63.71 74.48 87.35 102.7 121.1 169.4 238.5 283.6 Period 26 Period 27 Period 28 Period 29 Period 30 Period 26 7.896 6.906 6.491 Period 27 Period 28 24.316 21.281 18.764 16.663 14.898 13.406 12.137 11.051 10.116| 9.307 7.984 6.961 6.534 6.152 5.502 4.970 Period 29 6.551 6.166 5.510 4.975 Period 30 25.808 22.396 19.600 17.292 15.372 13.765 12.409 22.795 20.121| 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 23.560 20.707| 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 6.118 5.480 4.956 7.943 6.935 6.514 6.136 5.492 4.964 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.022 6.983 11.258 10.274 9.427 8.055 7.003 6.566 6.177 5.517 4.979 Period 40 48.89 60.40 75.40 95.03 120.8 154.8 | 199.6 259.1 337.9| 442.6 767.1 1,342| 1,779 Period 40 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.244 7.105 6.642 6.233 5.548 4.997 Period 50 64.46 84.58 112.8 152.7 209.3 290.3 406.5 573.8 815.1 1,164 2,400 4,995 7,218 Period 50 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 8.304 7.133 6.661 6.246 5.554 4.999
Transcribed Image Text:Future Value of Ordinary Annuity of $1 Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Periods 1% 0.990 | 0.980 1.970| 1.942 2.941 2.884 2.829 3.902 | 3.808 4.853 4.713 2% 3% 20% 0.862 0.847 0.833 1.566| 1.528 2.283 2.246 2.174 2.106 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914| 2.855 2.798 2.690 2.589 3.605 3.433 3.352 3.274 3.127 2.991 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% Period 1 Period 2 Period 3 Period 4 Period 5 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 1 Period 2 Period 3 Period 4 Period 5 1.000 1.000 1.000 1.000 1.000 1.000 1.000 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 2.775 2.723 2.673 2.624 2.577 2.531 2.487 1.913 1.886 3.030 3.060 3.091 3.122 3.153 4.060 4.122 4.184 4.246 4.310 5.101 5.204 5.309 5.416 5.526 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 2.402 2.322 3.717 4.580 4.452 4.329 | 4.212 4.100 3.993 3.890 3.791 Period 6 Period 7 Period 8 Period 9 Period 10 Period 6 Period 7 Period 8 Period 9 Period 10 5.795 5.601 6.728 | 6.472 7.652 7.325 8.566 8.162 5.417 5.242 5.076 4.917 4.767 | 4.111 3.889 3.784 3.685 3.498 3.326 4.039 | 3.812 3.605 6.152 6.308 6.468 6.633 6.802 7.214 7.434 7.662 7.898 8.142 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 9.369 9.755 10.16 10.58 11.03 10.46 10.95 11.46 12.01 | 12.58 7.153 7.336 7.523 7.716 8.115 8.536 8.754 8.654 8.923 9.200 9.487 10.09 | 10.73 11.07 | 12.30 13.23 13.73 11.98 12.49 13.02 13.58 | 14.78 16.09 16.79 13.82 14.49 15.19 15.94 17.55 19.34 20.30 4.623 4.486 4.355 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 6.975 8.394 6.230 6.002 4.160 7.020 6.733 6.463 6.210| 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4.344 4.078 3.837 11.49 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.772 | 4.607 4.303 4.031 13.18 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216| 5.019 4.833 4.494 4.192 8.760 5.938 5.453 5.234 5.029 Period 11 Period 12 Period 13 Period 14 Period 15 11.57 12.17 12.81 13.49 14.21 15.78 16.65 17.56| 18.53 20.65 23.04 24.35 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34.35 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 Period 11 Period 12 Period 13 Period 14 Period 15 10.368 9.787 9.253 11.255 10.575 9.954 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 5.342 4.910 4.533 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 14.97 8.306 7.887 7.499 7.139 6.805 6.495 4.656 4.327 12.68 13.41 14.19 15.03 15.92 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 6.628 6.002 5.724 5.468 5.008 4.611 5.575 5.092 4.675 Period 16 Period 17 Period 18 Period 19 Period 20 17.26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 19.61 21.41 23.41 25.65 28.13 30.91 20.81 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 Period 16 Period 17 Period 18 Period 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365| 7.366 6.550 6.198 5.877 5.316 Period 20 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 15.562 14.292 13.166 12.166 11.274 10.477 9.763 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 6.128 5.162 4.730 30.84 33.75 36.97 40.54 48.88 59.12 65.08 34.00 37.45 41.30 45.60 55.75 68.39 75.84 5.749 5.222 4.775 5.818 5.273 4.812 9.122 8.544 8.022 7.120 | 6.373 6.047 4.844 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 Period 21 Period 22 Period 23 Period 24 Period 25 23.24 25.78 28.68 31.97 35.72 39.99 44.87 50.42 56.76 64.00 81.70 104.8 118.8 24.47 27.30 30.54 34.25 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 137.6 25.72 28.85 32.45 36.62 41.43 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 26.97 30.42 34.43 39.08 44.50 50.82 58.18 66.76 76.79 88.50 | 118.2 158.7 184.2 28.24 32.03 36.46 41.65 47.73 Period 21 6.312 5.973 5.384 4.891 6.011| 5.410 4.909 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 7.645 6.743 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 | 7.718 6.792 6.399 Period 24 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 6.835 6.434 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.464 7.562 6.687 6.359 Period 23 6.044 5.432 4.925 6.073 5.451 4.937 54.86 63.25 73.11 84.70 98.35 133.3 181.9 212.8 Period 25 6.097 5.467 4.948 29.53 33.67 38.55 44.31 51.11| 59.16 30.82 35.34 40.71 47.08 54.67 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95.34 113.0 134.2 190.7 272.9 327.1 33.45 38.79 45.22 52.97 62.32 73.64 87.35 104.0 124.1 148.6 214.6 312.1 377.2 34.78 40.57 47.58 56.08 66.44 79.06 94.46 113.3 136.3 164.5 241.3 356.8 434.7 68.68 79.95 93.32 109.2 | 150.3 208.3 245.7 63.71 74.48 87.35 102.7 121.1 169.4 238.5 283.6 Period 26 Period 27 Period 28 Period 29 Period 30 Period 26 7.896 6.906 6.491 Period 27 Period 28 24.316 21.281 18.764 16.663 14.898 13.406 12.137 11.051 10.116| 9.307 7.984 6.961 6.534 6.152 5.502 4.970 Period 29 6.551 6.166 5.510 4.975 Period 30 25.808 22.396 19.600 17.292 15.372 13.765 12.409 22.795 20.121| 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 23.560 20.707| 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 6.118 5.480 4.956 7.943 6.935 6.514 6.136 5.492 4.964 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.022 6.983 11.258 10.274 9.427 8.055 7.003 6.566 6.177 5.517 4.979 Period 40 48.89 60.40 75.40 95.03 120.8 154.8 | 199.6 259.1 337.9| 442.6 767.1 1,342| 1,779 Period 40 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.244 7.105 6.642 6.233 5.548 4.997 Period 50 64.46 84.58 112.8 152.7 209.3 290.3 406.5 573.8 815.1 1,164 2,400 4,995 7,218 Period 50 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 8.304 7.133 6.661 6.246 5.554 4.999
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