The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your newtable factor to five decimal places and your present value to the nearest cent.Term ofCompoundAmount Investment (years)$34,00034NominalRate (%)7InterestCompoundedannuallyNew TableFactortAPresentValue Periods12345678910111213141516171819202122232425Periods123456Prag HDINS DE 271214192021222324250.995020.99007 0.980300.98515 0.970590.98025 0.960980.97537 0.951470.970520.965690.960890.956100.951351%1/1/%2%0.99010 0.98522 0.980390.900560.896080.891620.942050.932720.923480.914340.905290.94661 0.896320.84893 0.804260.94191 0.88745 0.83639 0.788490.93722 0.87866 0.82403 0.773030.93256 0.86996 0.81185 0.757880.92792 0.86135 0.79985 0.743010.923300.91871 0.844380.85282 0.788030.776390.83602 0.764910.90959 0.82774 0.753610.914140.905060.81954 0.742473%4%5%6%7%8%0.93458 0.925930.97087 0.961540.94260 0.924560.95238 0.943400.97066 0.961170.90703 0.89000 0.87344 0.857340.95632 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.793830.94218 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.735030.92826 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.680580.914540.88797 0.837480.901030.870560.887710.853490.874590.836760.86167 0.820350.59627 0.564470.54703 0.513160.50187 0.466510.46043 0.424100.42241 0.385540.163700.150180.81143 0.731500.803400.720690.795440.710040.88719 0.78757 0.699540.88277 0.779770.38753 0.350490.35553 0.318630.32618 0.289660.29925 0.263330.27454 0.239390.25187 0.217630.23107 0.197840.21199 0.179860.19449 0.163510.178430.148640.728450.714160.534640.481660.433930.390920.352180.700160.686430.672970.188290.169630.152820.137680.124030.81309 0.759920.78941 0.730690.766420.74409 0.675560.72242 0.649580.701380.68095 0.60057 0.530320.66112 0.57748 0.505070.64186 0.55526 0.481020.623170.605020.79031 0.74622 0.704960.71068 0.665060.67684 0.627410.70259 0.64461 0.591900.61391 0.558390.533910.513370.587390.49363 0.415520.57029 0.474640.55368 0.45639 0.376890.58468 0.526790.62460 0.55684 0.496970.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.198660.64684 0.52189 0.42196 0.34185 0.277510.225710.183940.63416 0.50669 0.40573 0.32557 0.26180 0.21095 0.170320.62172 0.49193 0.39012 0.31007 0.24698 0.197150.68921 0.60953 0.47761 0.37512 0.29530 0.23300 0.1842515%0.869570.756140.657529%10%11%12%13%14%16%17%18%0.91743 0.90909 0.90090 0.89286 0.88496 0.877190.86207 0.85470 0.847460.84168 0.82645 0.81162 0.79719 0.78315 0.769470.74316 0.73051 0.718180.77218 0.75131 0.73119 0.71178 0.69305 0.674970.64066 0.62437 0.608630.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.55229 0.533650.515790.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.47611 0.45611 0.437110.50663 0.48032 0.45559 0.43233 0.41044 0.38984 0.370430.45235 0.42506 0.39964 0.37594 0.353830.333200.313930.40388 0.37616 0.35056 0.32690 0.30503 0.28478 0.266040.36061 0.33288 0.30751 0.28426 0.26295 0.24340 0.225460.32197 0.29459 0.26974 0.24718 0.226680.208040.31728 0.28748 0.26070 0.23662 0.214940.28584 0.25668 0.23071 0.20756 0.186910.25751 0.22917 0.20416 0.18207 0.162530.23199 0.20462 0.18068 0.15971 0.141330.20900 0.18270 0.15989 0.14010 0.122890.19106The values in Table 11-2 were generated by the formula PV =n is the total number of periods.0.458110.436301(1 + i)"0.47509 0.428880.44401 0.397110.46884 0.41496 0.367700.44230 0.38782 0.340460.417270.362450.315240.66634 0.630170.62275 0.583490.58201 0.540270.54393 0.500250.50835 0.463190.39365 0.33873 0.291890.37136 0.31657 0.270270.29586 0.250250.27651 0.231710.25842 0.214550.350340.39573 0.330510.311800.16312 0.14150 0.12289 0.10686 0.09304 0.08110 0.070780.14564 0.12522 0.10780 0.09293 0.08021 0.06932 0.059980.13004 0.11081 0.09456 0.08081 0.06914 0.05925 0.050830.11611 0.09806 0.08295 0.07027 0.05961 0.05064 0.043080.10367 0.08678 0.07276 0.06110 0.05139 0.04328 0.036510.09256 0.07680 0.063830.05313 0.04430 0.03699 0.030940.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.026220.11168 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.022220.12640 0.10153 0.08170 0.06588 0.05323 0.04308 0.03493 0.02838 0.02310 0.018830.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0.02447 0.019740.015960.135130.111740.122850.100670.137780.157700.146020.19542 0.17781 0.161920.16846 0.15197 0.137220.14523 0.12989 0.116290.12520 0.11102 0.098550.10793 0.09489 0.08352Periods12345678910HDDHD 95%98182125Periods12345678910111213141516171819202122232425rounded to five decimal places, where i is the interest rate per period and

Answered: Image /qna-images/answer/e19a94c0-85ca-45b9-8a7e-ffff5273a6f1.jpg

The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your new table factor to five decimal places and your present value to the nearest cent. Term of Compound Amount Investment (years) $34,000 34 Nominal Rate (%) 7 Interest Compounded annually New Table Factor Present Value

The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your new table factor to five decimal places and your present value to the nearest cent. Term of Compound Amount Investment (years) $34,000 34 Nominal Rate (%) 7 Interest Compounded annually New Table Factor Present Value

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

The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your new
table factor to five decimal places and your present value to the nearest cent.
Term of
Compound
Amount Investment (years)
$34,000
34
Nominal
Rate (%)
7
Interest
Compounded
annually
New Table
Factor
tA
Present
Value

Periods
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Periods
1
2
3
4
5
6
Prag HDINS DE 2
7
12
14
19
20
21
22
23
24
25
0.99502
0.99007 0.98030
0.98515 0.97059
0.98025 0.96098
0.97537 0.95147
0.97052
0.96569
0.96089
0.95610
0.95135
1%
1/1/%
2%
0.99010 0.98522 0.98039
0.90056
0.89608
0.89162
0.94205
0.93272
0.92348
0.91434
0.90529
0.94661 0.89632
0.84893 0.80426
0.94191 0.88745 0.83639 0.78849
0.93722 0.87866 0.82403 0.77303
0.93256 0.86996 0.81185 0.75788
0.92792 0.86135 0.79985 0.74301
0.92330
0.91871 0.84438
0.85282 0.78803
0.77639
0.83602 0.76491
0.90959 0.82774 0.75361
0.91414
0.90506
0.81954 0.74247
3%
4%
5%
6%
7%
8%
0.93458 0.92593
0.97087 0.96154
0.94260 0.92456
0.95238 0.94340
0.97066 0.96117
0.90703 0.89000 0.87344 0.85734
0.95632 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383
0.94218 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503
0.92826 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058
0.91454
0.88797 0.83748
0.90103
0.87056
0.88771
0.85349
0.87459
0.83676
0.86167 0.82035
0.59627 0.56447
0.54703 0.51316
0.50187 0.46651
0.46043 0.42410
0.42241 0.38554
0.16370
0.15018
0.81143 0.73150
0.80340
0.72069
0.79544
0.71004
0.88719 0.78757 0.69954
0.88277 0.77977
0.38753 0.35049
0.35553 0.31863
0.32618 0.28966
0.29925 0.26333
0.27454 0.23939
0.25187 0.21763
0.23107 0.19784
0.21199 0.17986
0.19449 0.16351
0.17843
0.14864
0.72845
0.71416
0.53464
0.48166
0.43393
0.39092
0.35218
0.70016
0.68643
0.67297
0.18829
0.16963
0.15282
0.13768
0.12403
0.81309 0.75992
0.78941 0.73069
0.76642
0.74409 0.67556
0.72242 0.64958
0.70138
0.68095 0.60057 0.53032
0.66112 0.57748 0.50507
0.64186 0.55526 0.48102
0.62317
0.60502
0.79031 0.74622 0.70496
0.71068 0.66506
0.67684 0.62741
0.70259 0.64461 0.59190
0.61391 0.55839
0.53391
0.51337
0.58739
0.49363 0.41552
0.57029 0.47464
0.55368 0.45639 0.37689
0.58468 0.52679
0.62460 0.55684 0.49697
0.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.19866
0.64684 0.52189 0.42196 0.34185 0.27751
0.22571
0.18394
0.63416 0.50669 0.40573 0.32557 0.26180 0.21095 0.17032
0.62172 0.49193 0.39012 0.31007 0.24698 0.19715
0.68921 0.60953 0.47761 0.37512 0.29530 0.23300 0.18425
15%
0.86957
0.75614
0.65752
9%
10%
11%
12%
13%
14%
16%
17%
18%
0.91743 0.90909 0.90090 0.89286 0.88496 0.87719
0.86207 0.85470 0.84746
0.84168 0.82645 0.81162 0.79719 0.78315 0.76947
0.74316 0.73051 0.71818
0.77218 0.75131 0.73119 0.71178 0.69305 0.67497
0.64066 0.62437 0.60863
0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.55229 0.53365
0.51579
0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.47611 0.45611 0.43711
0.50663 0.48032 0.45559 0.43233 0.41044 0.38984 0.37043
0.45235 0.42506 0.39964 0.37594 0.35383
0.33320
0.31393
0.40388 0.37616 0.35056 0.32690 0.30503 0.28478 0.26604
0.36061 0.33288 0.30751 0.28426 0.26295 0.24340 0.22546
0.32197 0.29459 0.26974 0.24718 0.22668
0.20804
0.31728 0.28748 0.26070 0.23662 0.21494
0.28584 0.25668 0.23071 0.20756 0.18691
0.25751 0.22917 0.20416 0.18207 0.16253
0.23199 0.20462 0.18068 0.15971 0.14133
0.20900 0.18270 0.15989 0.14010 0.12289
0.19106
The values in Table 11-2 were generated by the formula PV =
n is the total number of periods.
0.45811
0.43630
1
(1 + i)"
0.47509 0.42888
0.44401 0.39711
0.46884 0.41496 0.36770
0.44230 0.38782 0.34046
0.41727
0.36245
0.31524
0.66634 0.63017
0.62275 0.58349
0.58201 0.54027
0.54393 0.50025
0.50835 0.46319
0.39365 0.33873 0.29189
0.37136 0.31657 0.27027
0.29586 0.25025
0.27651 0.23171
0.25842 0.21455
0.35034
0.39573 0.33051
0.31180
0.16312 0.14150 0.12289 0.10686 0.09304 0.08110 0.07078
0.14564 0.12522 0.10780 0.09293 0.08021 0.06932 0.05998
0.13004 0.11081 0.09456 0.08081 0.06914 0.05925 0.05083
0.11611 0.09806 0.08295 0.07027 0.05961 0.05064 0.04308
0.10367 0.08678 0.07276 0.06110 0.05139 0.04328 0.03651
0.09256 0.07680 0.06383
0.05313 0.04430 0.03699 0.03094
0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622
0.11168 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222
0.12640 0.10153 0.08170 0.06588 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883
0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0.02447 0.01974
0.01596
0.13513
0.11174
0.12285
0.10067
0.13778
0.15770
0.14602
0.19542 0.17781 0.16192
0.16846 0.15197 0.13722
0.14523 0.12989 0.11629
0.12520 0.11102 0.09855
0.10793 0.09489 0.08352
Periods
1
2
3
4
5
6
7
8
9
10
HDDHD 95%98
18
21
25
Periods
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
rounded to five decimal places, where i is the interest rate per period and

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