Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Future Value of the Annuity Time Nominal Interest Annuity Payment Payment Frequency Period (years) Rate (%) Compounded semiannually %24 $5,500 every 6 months Need Help? Read 2. DETAILS BRECMBC9 12.I.006. Use Table 12-1 to calculate the future value (In $) of the annuity due. (Round your answer to the nearest cent.) Future Value of the Annuity Time Nominal terest Annuity Payment Payment Frequency Rate (%) Compounded Period (years) $600 every 6 months 11 10 semiannually
Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Future Value of the Annuity Time Nominal Interest Annuity Payment Payment Frequency Period (years) Rate (%) Compounded semiannually %24 $5,500 every 6 months Need Help? Read 2. DETAILS BRECMBC9 12.I.006. Use Table 12-1 to calculate the future value (In $) of the annuity due. (Round your answer to the nearest cent.) Future Value of the Annuity Time Nominal terest Annuity Payment Payment Frequency Rate (%) Compounded Period (years) $600 every 6 months 11 10 semiannually
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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use table 12-1 to calculate the
Transcribed Image Text:TABLE 12-1 Future Value (Amount) of an Ordinary Annuity of
Periods %
1%
2%
3%
4%
5%
6%
7%
8%
Periods
1.00000
1.00000
1.00000 1.00000 1.00000 1.00000
1.00000
1.00000
1.00000
1.00000
2.
2.00500 2.01000 2.01500 2.02000 2.03000
2.04000
2.05000
2.06000
2.07000
2.08000
2
3
3.01502
3.03010 3.04522 3.06040 3.09090
3.12160
3.15250
3.18360
3.21490
3.24640
3.
4
4.03010
4.06040 4.09090 4.12161 4.18363
4.24646
4.31013
4.37462
4.43994
4.50611
4
5.
5.05025
5.10101 5.15227 5.20404 5.30914
5.41632 5.52563
5.63709
5.75074
5.86660
6.07550
6.15202
6.22955
6.30812 6.46841
6.63298
6.80191
6.97532
7.15329
7.33593
6.
7.
7.10588
7.21354
7.32299
7.43428 7.66246
7.89829
8.14201
8.39384
8.65402
8.92280
7.
8.14141
8.28567
8.43284
8.58297 8.89234
9.21423
9.54911
9.89747
10.25980
10.63663
8.
9
9.18212
9.36853
9.55933 9.75463 10.15911 10.58280 11.02656 11.49132 11.97799
12.48756
10
10.22803 10.46221 10.70272 10.94972 11.46388 12.00611 12.57789 13.18079 13.81645
14.48656
10
11
11.27917 11.56683 11.86326 12.16872 12.80780 13.48635 14.20679 14.97164 15.78360
16.64549
11
12
12.33556 12.68250 13.04121 13.41209 14.19203 15.02581 15.91713 16.86994 17.88845
18.97713
12
13
13.39724 13.80933 14.23683 14.68033 15.61779 16.62684 17.71298 18.88214 20.14064
21.49530
13
14.46423 14.94742 15.45038 15.97394 17.08632 18,29191 19.59863 21.01507 22.55049 24.21492
14
14
15
15.53655 16.09690 16.68214 17.29342 18.59891 20.02359 21.57856 23.27597 25.12902 27.15211
15
16
16
16.61423 17.25786 17.93237 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 30.32428
Periods
9%
10%
11%
12%
13%
14%
15%
16%
1.00000
1.00000
1.00000 1.00000
17%
18%
Periods
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
2.09000
2.10000
2.11000 2.12000 2.13000
2.14000
2.15000
2.16000
2.17000
2.18000 2
3
3.27810 3.31000
3.34210
3.37440 3.40690 3.43960
3.47250
3.50560
3.53890
3.57240 3
4
4.57313
4.64100
4.70973
4,77933
4.84980
4.92114
4.99338
5.06650
5.14051
5.21543
4
5.98471
6.10510
6.22780
6.35285
6.48027
6.61010
6.74238
6.87714
7.01440
7.15421
5
7.52333
7.71561
7.91286
8.11519
8.32271
9.78327 10.08901 10.40466 10.73049 11.06680
11.02847 11.43589 11.85943 12.29969 12.75726 13.23276 13.72682 14.24009
8.53552
8.75374
8.97748
9.20685
9.44197 6
9.20043
9.48717
11.41387
11.77201
12.14152 7
8.
14.77325 15.32700
9.
13.02104 13.57948 14.16397 14.77566 15.41571 16.08535 16.78584 17.51851
18.28471
19.08585 9
10
15.19293 15.93742 16.72201 17.54874 18,41975 19.33730 20.30372 21.32147
22.39311
23.52131 10
11
17.56029 18.53117 19.56143 20.65458 21.81432 23.04452 24.34928 25.73290
28.75514 11 I
27.19994
12
20.14072 21.38428 22.71319 24.13313 25.65018 27.27075 29.00167
30.85017
22.95338 24.52271 26.21164 28.02911 29.98470 32.08865 34.35192 36.78620
32.82393 34.93107 12
13
39.40399 42.21866 13
14
26.01919 27.97498 30.09492 32.39260 34.88271 37.58107 40.50471
43.67199
47.10267 50.81802 14
15
29.36092 31.77248 34.40536 37.27971 40.41746 43,84241
47.58041
51.65951
56.11013
60,96527 15
33.00340 35.94973 39.18995 42.75328 46.67173 50.98035 55.71747 60.92503
36.97370 40.54470 44.50084 48.88367 53.73906 59.11760 65.07509 71.67303
16
66.64885 72.93901 16
17
78.97915 87.06804 17
Transcribed Image Text:DETAILS
BRECMBC9 12.1.002.
1.
Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.)
Nominal
Rate (%) Compounded
Interest
Future Value
Time
Annuity
Payment
Payment
Frequency
Period (years)
of the Annuity
semiannually $
$5,500
every 6 months
Need Help?
Read
2.
DETAILS
BRECMBC9 12.1.006.
Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.)
terest
Future Value
Annulty
Payment
Payment
Frequency
Time
Period (years)
Nominal
Rate (%)
Compounded
of the Annuity
$600
10
semiannually
every 6 months
11
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