Use Table 12-1 to solve.Suppose a certain manufacturer deposits $7,000 at the beginning of each 3month period for 8 years in an account paying 8% interest compoundedquarterly. (Round your answers to the nearest cent.)(a) How much (in $) will be in the account at the end of the 8 year period?$ 315767(b) What is the total amount (in $) of interest earned in this account?$ 91767 TABLE 12-1Future Value (Amount) of an Ordinary Annuity ofPeriods1%1,%2%3%4%5%6%7%8%Periods11.000001.000001.000001.000001.000001.000001.000001.000001.000001.00000122.005002.010002.015002.020002.030002.040002.050002.060002.070002.08000233.015023.030103.045223.060403.090903.121603.152503.183603.214903.24640344.030104.060404.090904.12161 4.183634.246464.310134.374624.439944.5061145.050255.101015.152275.20404 5.309145.416325.525635.637095.750745.866606.6.075506.152026.229556.30812 6.468416.632986.801916.975327.153297.335936.77.105887.213547.322997.43428 7.662467.898298.142018.393848.654028.9228078.8.141418.285678.432848.582978.892349.214239.549119.8974710.2598010.636638.9.9.182129.368539.559339.75463 10.15911 10.58280 11.02656 11.4913211.9779912.487569.1010.22803 10.46221 10.70272 10.94972 11.46388 12.00611 12.57789 13.1807913.8164514.48656101111.27917 11.56683 11.86326 12.16872 12.80780 13.48635 14.20679 14.9716415.7836016.64549111212.33556 12.68250 13.04121 13.41209 14.19203 15.02581 15.91713 16.8699417.8884518.97713121313.39724 13.80933 14.23683 14.68033 15.61779 16.62684 17.71298 18.8821420.1406421.49530131414.46423 14.94742 15.45038 15.97394 17.08632 18.29191 19.59863 21.0150722.5504924.21492141515.53655 16.09690 16.68214 17.29342 18.59891 20.02359 21.57856 23.2759725.1290227.15211151616.61423 17.25786 17.93237 18.63929 20.15688 21.82453 23.65749 25.6725327.8880530.32428161717.69730 18.43044 19.20136 20.01207 21.76159 23.69751 25.84037 28.21288 30.8402233.75023171818.78579 19.61475 20.48938 21.41231 23.41444 25.64541 28.13238 30.90565 33.9990337.45024181919.87972 20.81090 21.79672 22.84056 25.11687 27.67123 30.53900 33.75999 37.3789641.44626192020.97912 22.01900 23.12367 24.29737 26.87037 29.77808 33.06595 36.78559 40.9954945.76196202122.08401 23.23919 24.47052 25.78332 28.67649 31.96920 35.71925 39.99273 44.8651850.42292212223.19443 24.47159 25.83758 27.29898 30.53678 34.24797 38.50521 43.3922949.0057455.45676222324.31040 25.71630 27.22514 28.84496 32.45288 36.61789 41.43048 46.9958353.4361460.89330232425.43196 26.97346 28.63352 30.42186 34.42647 39.08260 44.50200 50.81558 58.1766766.76476242526.55912 28.24320 30.06302 32.03030 36.45926 41.64591 47.72710 54.8645163.2490473.10594252627.69191 29.52563 31.51397 33.67091 38.55304 44.31174 51.11345 59.15638 68.6764779.95442262728.83037 30.82089 32.98668 35.34432 40.70963 47.08421 54.66913 63.70577 74.4838287.35077272829.97452 32.12910 34.48148 37.05121 42.93092 49.96758 58.40258 68.5281180.6976995.33883282931.12439 33.45039 35.99870 38.79223 45.21885 52.96629 62.32271 73.6398087.34653103.96594293032.28002 34.78489 37.53868 40.56808 47.57542 56.08494 66.43885 79.05819 94.46079113.28321303133.44142 36.13274 39.10176 42.37944 50.00268 59.32834 70.76079 84.80168 102.07304 123.34587313234.60862 37.49407 40.68829 44.22703 52.50276 62.70147 75.29883 90.88978 110.21815 134.21354323335.78167 38.86901 42.29861 46.11157 55.07784 66.20953 80.06377 97.34316 118.93343 145.95062333436.96058 40.25770 43.93309 48.03380 57.73018 69.85791 85.06696 104.18375 128.25876 158.62667343538.14538 41.66028 45.59209 49.99448 60.46208 73.65222 90.32031 111.43478 138.23688 172.31680353639.33610 43.07688 47.27597 51.99437 63.27594 77.59831 95.83632 119.12087 148.91346 187.1021536(1 + i)" – 1The values in Table 12-1 were generated by the formularate per period and n is the total number of periods.and rounded to five decimal places, where i is the interesti

Answered: Image /qna-images/answer/b1f58798-0e6c-45fb-b7a5-57bdf7bc1db8.jpg

Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 8 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will be in the account at the end of the 8 year period? $ 315767 (b) What is the total amount (in $) of interest earned in this account? $ 91767

Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 8 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will be in the account at the end of the 8 year period? $ 315767 (b) What is the total amount (in $) of interest earned in this account? $ 91767

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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92. Subject :- Finance
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