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The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded New Table Factor Compound Amount $16,000 29 7 annually $

The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded New Table Factor Compound Amount $16,000 29 7 annually $

Essentials Of Investments
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
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The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.)
 
Principal Time
Period (years)		 Nominal
Rate (%)		 Interest
Compounded		 New Table
Factor		 Compound
Amount
$16,000 29 7 annually   $ 
TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) Periods 1% 2% 3% 4% 5% 6% 7% 8% Periods 1. 1.02000 1.04040 1,03000, 1.06090 104000 1.08160 1.05000 1.10250 1.06000) 1,12360 1.07000 1.14490 1.08000 1.16640 1.00500 1.01003 1.01508 102015 1,02525 101000 102010 1.03050 1.04060 1.05101 101500 1.03023 1,04568 1.06136 1.07728 1. 2. 2 1.06121 108243 1.10408 1.09273 L.12551 1.15927 12486 1,16986 1.21665 1.15763 1.21551 1,27628 1.25971 1.36049 1:46933 3. 1.26248 1.33823 131080 1.40255 1.12616 1.14869 1.17166 L19509 121899 1.26532 பஅ593 1.36857 1.34010 1.40710 1.47746 1.55133 1.62889 150073 1.60578 1.71819 1.58687 1.71382, 1.41852 1.03038 1.03553 1.04071 1.06152 1.07214 1.09344 1.10984 1.12649 9. 1.22987 1.26677 1.30477 1.34392 1.50363 1.08286 1.85093 1.42331 1.48024 1.68948 1.79085 1.83846 1.99900 1.09369 1.10462 6. 1.04591 1,05114 1.16054 1.96715 2.15892 10 1.53945 1.60103 1.66507 1.73168 1,80094 2.10485 2.25219 2.40985 2.57853 உாக்ரொ 1.71034 1.79586 1.17795 1LI0Sర2ి) 121355 1.23176 1.25023 124337 1.26824 129361 131948 1.38423 1.42576 1.46853 1,51259 1.55797 2.33164 2.51817 2.71962 11 12 1.05640 1.06168 1.11567 1.12683 2.01220 12. 13 14 1.06699 1.07232 1.07768 1,13809 1.14947 1.88565 1.97993 2.13293 2.26090 13. 14 15 15 1.16097 134587 2.07893 2,39656 3,17217 1,08307 1.08849 1.26899 1.87298 194790 2.02582 2.10685 2.18287 2.29202 2.54035 2.69277 2.85434 3.02560) 3.20714 16 1.17258 137279 140024 142825 1.45681 1.48595 1.80611 1.60471 16 17 1.18430 1. 3.15882 3.70002 1.65285 1.70243 17 1.09393 1,09940 18 1.19615 1.30734 2.40662 18 19 1.32695 1.34686 2.52695) 2.65330 3.61653 3.86968 4.31570 4.66096 19 20 20 1.10490 1.22019 2,19112 1.11042 1.11597 1.12155 1.12716 1.23239 1,24472 21 1.36706 151567 1.86029 154598 1.91610 157690 1.97359 2.27877 2.36992 2.46472, 2.56330 3.39956 4.14056 4.43040 4.74053 5.03383 5.43654 5.87146 2.78596 21 22 1.38756 3.60354 3.81975 2.92526 22 23 1.25716 1.40838 3,07152, 3.22510 3.38635 23 24 25 1.26973 1.28243 1.42950 1.45095 1.60844 2.03279 2.09378 3.07237 6.34118 24 1.13280 1.64061 2.66584 4.29187 5.42743 6.84848 25 Periods 9% 10% 11% 12% 13% 1.13000 1.27690 14% 1,14000 1.29960 15% 1.15000 1.32250 1.52088 1.74901 16% 17% 18% Periods 1.09000 1.18810 1.29503 1.41158 1.11000 1.12000 1.16000 1.34560 1.56090 1.17000 136890 1.60161 1.18000 1. 121000 133100 1,46410 1.23210 1.36763 125440 1.40493 1.44290 148154 1.68896 164303 151807 1.68506 1.57352 1.63047 1.81064 688 1.93878 2.28776 1.53862 1.61051 1.76234 1.84244 1.92541 2.01136 2.10034 2.19245 1.77156 1.94872 2.14359 2.35795 2.59374 9. 1.67710 1.87041 197382 2.21068 2.08195 2.35261 2.19497 2.50227 2.85259 3.25195 3.70722 2.31306 2.66002 3.05902, 3.51788 2.43640 2.82622 3.27841 3.80296 2.56516 2.69955 3.18547 3,75886 4.43545 5.23384 9. 7. 1.82804 2.07616 3.00124 3,51145. 7. 1.99256 2.17189 2.30454 2.55804 2.47596 2.77308 2.65844 3.00404 3.39457 6. 6. 10 2.36736 2.83942 3.10585 4.04556 4.41144 480683 10 11 12 13 14 3.34173 3.79750 15 2.58043 2.81266 3.06580 2.85312 3.13843 3.15176 3.49845 3.47855 3.89598 3.83586 4.33452 4.65239 4,81790 S35025 5.11736 5.9363 11 12 5.62399 6,58007 7.69868 9,00745 10.53872 6.17593 7.28759 8.59936 13 10.14724 14 11.97375 3.45227 3.88328 4.36349 4.88711 5.47357 4.89801 5.53475 6.25427 5.49241 6.26135 6.15279 7.07571 6.88579 7.98752 3.64248 4.17725 4.78459 7.13794 s.13706 9.26552 15 16 17 18 19 20 3.97031 4.59497 5.05447 555992 5.31089 6.13039 6.86604 7.68997 8.61276 9.64629 706733 7.98608 8.13725 9,27646 po.52517 9.35762 10.76126 12.37545 14.23177 (6.36654 10.74800 12.46768 14.46251 16.77652 19.46076 12.33030 14,42646 16.87895 19.74838 23.10560 14.12902 16.67225 19.67325 16 4.32763 4.71712 5.14166 5.60441 17 654355 7.26334 9.02427 10.19742 11.52309 18 19 6.11591 23.21444 6.72750 8.06231 27.39303 20 21 22 6.10881 6.65860 7.25787 2.91108 7.40025 8.14027 8.95430 10.80385 12.10031 13.55238 91626 15.17863 15.66758 Is.82152 21.64475 24,89146 27.03355 31.62925 37,00623 43.29729 32.32378 14.71383 16.62663 26.18640 30.37622 35.23642 21 22 38.14206 23 24 11.02627 20.36158 45.00763 53.10901 23 60888 24 Show all
Transcribed Image Text:TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) Periods 1% 2% 3% 4% 5% 6% 7% 8% Periods 1. 1.02000 1.04040 1,03000, 1.06090 104000 1.08160 1.05000 1.10250 1.06000) 1,12360 1.07000 1.14490 1.08000 1.16640 1.00500 1.01003 1.01508 102015 1,02525 101000 102010 1.03050 1.04060 1.05101 101500 1.03023 1,04568 1.06136 1.07728 1. 2. 2 1.06121 108243 1.10408 1.09273 L.12551 1.15927 12486 1,16986 1.21665 1.15763 1.21551 1,27628 1.25971 1.36049 1:46933 3. 1.26248 1.33823 131080 1.40255 1.12616 1.14869 1.17166 L19509 121899 1.26532 பஅ593 1.36857 1.34010 1.40710 1.47746 1.55133 1.62889 150073 1.60578 1.71819 1.58687 1.71382, 1.41852 1.03038 1.03553 1.04071 1.06152 1.07214 1.09344 1.10984 1.12649 9. 1.22987 1.26677 1.30477 1.34392 1.50363 1.08286 1.85093 1.42331 1.48024 1.68948 1.79085 1.83846 1.99900 1.09369 1.10462 6. 1.04591 1,05114 1.16054 1.96715 2.15892 10 1.53945 1.60103 1.66507 1.73168 1,80094 2.10485 2.25219 2.40985 2.57853 உாக்ரொ 1.71034 1.79586 1.17795 1LI0Sర2ి) 121355 1.23176 1.25023 124337 1.26824 129361 131948 1.38423 1.42576 1.46853 1,51259 1.55797 2.33164 2.51817 2.71962 11 12 1.05640 1.06168 1.11567 1.12683 2.01220 12. 13 14 1.06699 1.07232 1.07768 1,13809 1.14947 1.88565 1.97993 2.13293 2.26090 13. 14 15 15 1.16097 134587 2.07893 2,39656 3,17217 1,08307 1.08849 1.26899 1.87298 194790 2.02582 2.10685 2.18287 2.29202 2.54035 2.69277 2.85434 3.02560) 3.20714 16 1.17258 137279 140024 142825 1.45681 1.48595 1.80611 1.60471 16 17 1.18430 1. 3.15882 3.70002 1.65285 1.70243 17 1.09393 1,09940 18 1.19615 1.30734 2.40662 18 19 1.32695 1.34686 2.52695) 2.65330 3.61653 3.86968 4.31570 4.66096 19 20 20 1.10490 1.22019 2,19112 1.11042 1.11597 1.12155 1.12716 1.23239 1,24472 21 1.36706 151567 1.86029 154598 1.91610 157690 1.97359 2.27877 2.36992 2.46472, 2.56330 3.39956 4.14056 4.43040 4.74053 5.03383 5.43654 5.87146 2.78596 21 22 1.38756 3.60354 3.81975 2.92526 22 23 1.25716 1.40838 3,07152, 3.22510 3.38635 23 24 25 1.26973 1.28243 1.42950 1.45095 1.60844 2.03279 2.09378 3.07237 6.34118 24 1.13280 1.64061 2.66584 4.29187 5.42743 6.84848 25 Periods 9% 10% 11% 12% 13% 1.13000 1.27690 14% 1,14000 1.29960 15% 1.15000 1.32250 1.52088 1.74901 16% 17% 18% Periods 1.09000 1.18810 1.29503 1.41158 1.11000 1.12000 1.16000 1.34560 1.56090 1.17000 136890 1.60161 1.18000 1. 121000 133100 1,46410 1.23210 1.36763 125440 1.40493 1.44290 148154 1.68896 164303 151807 1.68506 1.57352 1.63047 1.81064 688 1.93878 2.28776 1.53862 1.61051 1.76234 1.84244 1.92541 2.01136 2.10034 2.19245 1.77156 1.94872 2.14359 2.35795 2.59374 9. 1.67710 1.87041 197382 2.21068 2.08195 2.35261 2.19497 2.50227 2.85259 3.25195 3.70722 2.31306 2.66002 3.05902, 3.51788 2.43640 2.82622 3.27841 3.80296 2.56516 2.69955 3.18547 3,75886 4.43545 5.23384 9. 7. 1.82804 2.07616 3.00124 3,51145. 7. 1.99256 2.17189 2.30454 2.55804 2.47596 2.77308 2.65844 3.00404 3.39457 6. 6. 10 2.36736 2.83942 3.10585 4.04556 4.41144 480683 10 11 12 13 14 3.34173 3.79750 15 2.58043 2.81266 3.06580 2.85312 3.13843 3.15176 3.49845 3.47855 3.89598 3.83586 4.33452 4.65239 4,81790 S35025 5.11736 5.9363 11 12 5.62399 6,58007 7.69868 9,00745 10.53872 6.17593 7.28759 8.59936 13 10.14724 14 11.97375 3.45227 3.88328 4.36349 4.88711 5.47357 4.89801 5.53475 6.25427 5.49241 6.26135 6.15279 7.07571 6.88579 7.98752 3.64248 4.17725 4.78459 7.13794 s.13706 9.26552 15 16 17 18 19 20 3.97031 4.59497 5.05447 555992 5.31089 6.13039 6.86604 7.68997 8.61276 9.64629 706733 7.98608 8.13725 9,27646 po.52517 9.35762 10.76126 12.37545 14.23177 (6.36654 10.74800 12.46768 14.46251 16.77652 19.46076 12.33030 14,42646 16.87895 19.74838 23.10560 14.12902 16.67225 19.67325 16 4.32763 4.71712 5.14166 5.60441 17 654355 7.26334 9.02427 10.19742 11.52309 18 19 6.11591 23.21444 6.72750 8.06231 27.39303 20 21 22 6.10881 6.65860 7.25787 2.91108 7.40025 8.14027 8.95430 10.80385 12.10031 13.55238 91626 15.17863 15.66758 Is.82152 21.64475 24,89146 27.03355 31.62925 37,00623 43.29729 32.32378 14.71383 16.62663 26.18640 30.37622 35.23642 21 22 38.14206 23 24 11.02627 20.36158 45.00763 53.10901 23 60888 24 Show all
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