Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) $ S $ S Annual Deposit 2,400 2,400 2,400 2,400 Rate of Return 3% 9% 5% 11% Answer is complete but not entirely correct. Number of Years 10 10 30 30 Investment Value at the End of Time Period S $ $ $ Total Amount of Investment $24,000 28,796 54,149 X S 268,355 S 1,401,065 $ Total Amount of Earnings S 24,000 S 72,000 72,000 $ $ 4,796 X 30,149 X 196,355 x 1,329,065
Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) $ S $ S Annual Deposit 2,400 2,400 2,400 2,400 Rate of Return 3% 9% 5% 11% Answer is complete but not entirely correct. Number of Years 10 10 30 30 Investment Value at the End of Time Period S $ $ $ Total Amount of Investment $24,000 28,796 54,149 X S 268,355 S 1,401,065 $ Total Amount of Earnings S 24,000 S 72,000 72,000 $ $ 4,796 X 30,149 X 196,355 x 1,329,065
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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Transcribed Image Text:3
Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole
dollar.)
S
S
$
Annual
Deposit
$
2,400
2,400
2,400
2,400
Rate of
Return
3%
9%
5%
11%
Answer is complete but not entirely correct.
Number of
Years
10
10
30
30
Investment Value
at the End of
Time Period
S
$
$
$
Total
Amount of
Investment
28,796 $24,000
54,149 X S
268,355 X $
1,401,065 $
Total Amount of
Earnings
S
S
24,000
72,000 $
72,000 $
4,796 X
30,149 X
196,355 x
1,329,065 x
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