Using the annuity table, complete the following. (Use Iable 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of Frequency of payment Interest Length of time PV of Annuity each period rate 24 1,330 Annually 8 years 8 %

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
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Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the
nearest cent.)
Interest
Payment amount end of Frequency of
payment
Length of time
PV of Annuity
each period
rate
1,330
Annually
8 years
8%
acer
%24
Transcribed Image Text:Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest Payment amount end of Frequency of payment Length of time PV of Annuity each period rate 1,330 Annually 8 years 8% acer %24
TABLE
13-2
Present value of an annuity of $1
Perlod
2%
3%
4%
5%
6%
7%
8%
9%
10% 11%
12%
13%
0,9804
0.9709
09615
0.9524
0.9434
0.9259
09174
0.9091 0.9009
0.8929
0.8850
2.
19416
19135
1.8861
1.8594 1.8334
18080
1.7833
1.7355 1.7125
2.5313 2.4869 2.4437 2.4018
3.2397 3.1699 3.1024 3.0373 2.9745
3.8897 3.7908 3.6959
4.4859 4.3553 4.2305 4.1114
5.0330 4.8684 47122 4.5638
5.5348 5.3349 5.1461
5.9952 5.7590 5.5370 5.3282 5.1317
6.1446 5.8892
6.4951 6.2065
1.7591
1.6901
1.6681
2.8839
2.8286
2.7751 2.7232
2.6730
2.6243
2.5771
2.3612
3.8077
3.7171.
3.6299
3.4651 3.3872
3.3121
5.
4.7134
4.5797
4.4518 4.3295 42124
4.1002
3.9927
3.6048
3.5172
9.
5.6014
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
3.9975
6.4720
6.2303
6.0021
5.7864
5.5824
5.3893 5.2064
59713 5.7466
6.8017 65152 6.2469
7.0236 67101
7.4987 7.1390
8.3838 7.9427 7.5361
4.4226
7.3255
7.0197
6.7327
6.4632
6.2098
4.9676
4.7988
6.
8.1622
7.7861
7.4353 7.1078
10
8.9826
8.5302
8.1109 7.7217
7.3601
6.4177
5.6502
5.9377
5.4262
11
9.7868
9.2526
8.7605 8.3064
7.8869
6.8052
5.6869
12
10.5753
9.9540
9.3851
8.8632
7.1607
6.8137
6.4924
7.1034 6.7499
6.1944
5.9176
13
11.3483
106350
9.9856 9.3936
8.8527
8.3576 7.9038
7.4869
6.4235
6.1218
14
12.1062
11.2961
10.5631
9.8986
9.2950
8.7455 8.2442 7.7862 73667
6.9819
6.6282 6.3025
15
12.8492
11.9379
11.1184 10.3796
9.7122 9.1079
8.0607 7.6061 7.1909
8.3126 78237
8.5595
6.8109
6.4624
16
13.5777
12.5611
11.6523 10.8378
10.1059
9.4466 8.8514
7.3792
6.9740
6.6039
17
14.2918
13.1661
12.1657 11.2741 10.4773 97632
9.1216 8.5436 8.0216
7.5488
7.1196
67291
18
14.9920
13.7535
12.6593 11.6896 10.8276 10.0591
13.1339 12.0853 11.1581
8.7556 8.2014
7.7016
72497
6.8399
19
15.6784
14.3238
9.6036
13.5903 124622 11.4699 105940 9.8181
8.9501
8.3649
9.1285 8.5136
7.8393
7.3658
20
16.3514
14.8775
7.9633 7.4694
8.4217 7.8431
7.0248
25
19.5234
17.4131
15.6221
14.0939
12.7834 116536
10.6748
9.8226 9.0770
7.3300
30
22.3964
19.6004
17.2920
15.3724
13.7648
12.4090
11.2578
13.3317 119246
18.2559 15.7619 13.8007 12.2335
10.2737
9.4269
8.0552
7.4957
40
27.3554
23.1148
19.7928
17.1591
150463
10.7574
9.7790
7.6344
50
31.4236
25.7298 214822
10.9617
9.9148 9.0417 8.3045
7.6752
4)
6 7 8
Transcribed Image Text:TABLE 13-2 Present value of an annuity of $1 Perlod 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 0,9804 0.9709 09615 0.9524 0.9434 0.9259 09174 0.9091 0.9009 0.8929 0.8850 2. 19416 19135 1.8861 1.8594 1.8334 18080 1.7833 1.7355 1.7125 2.5313 2.4869 2.4437 2.4018 3.2397 3.1699 3.1024 3.0373 2.9745 3.8897 3.7908 3.6959 4.4859 4.3553 4.2305 4.1114 5.0330 4.8684 47122 4.5638 5.5348 5.3349 5.1461 5.9952 5.7590 5.5370 5.3282 5.1317 6.1446 5.8892 6.4951 6.2065 1.7591 1.6901 1.6681 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.5771 2.3612 3.8077 3.7171. 3.6299 3.4651 3.3872 3.3121 5. 4.7134 4.5797 4.4518 4.3295 42124 4.1002 3.9927 3.6048 3.5172 9. 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.6229 3.9975 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 59713 5.7466 6.8017 65152 6.2469 7.0236 67101 7.4987 7.1390 8.3838 7.9427 7.5361 4.4226 7.3255 7.0197 6.7327 6.4632 6.2098 4.9676 4.7988 6. 8.1622 7.7861 7.4353 7.1078 10 8.9826 8.5302 8.1109 7.7217 7.3601 6.4177 5.6502 5.9377 5.4262 11 9.7868 9.2526 8.7605 8.3064 7.8869 6.8052 5.6869 12 10.5753 9.9540 9.3851 8.8632 7.1607 6.8137 6.4924 7.1034 6.7499 6.1944 5.9176 13 11.3483 106350 9.9856 9.3936 8.8527 8.3576 7.9038 7.4869 6.4235 6.1218 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 73667 6.9819 6.6282 6.3025 15 12.8492 11.9379 11.1184 10.3796 9.7122 9.1079 8.0607 7.6061 7.1909 8.3126 78237 8.5595 6.8109 6.4624 16 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 8.8514 7.3792 6.9740 6.6039 17 14.2918 13.1661 12.1657 11.2741 10.4773 97632 9.1216 8.5436 8.0216 7.5488 7.1196 67291 18 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 13.1339 12.0853 11.1581 8.7556 8.2014 7.7016 72497 6.8399 19 15.6784 14.3238 9.6036 13.5903 124622 11.4699 105940 9.8181 8.9501 8.3649 9.1285 8.5136 7.8393 7.3658 20 16.3514 14.8775 7.9633 7.4694 8.4217 7.8431 7.0248 25 19.5234 17.4131 15.6221 14.0939 12.7834 116536 10.6748 9.8226 9.0770 7.3300 30 22.3964 19.6004 17.2920 15.3724 13.7648 12.4090 11.2578 13.3317 119246 18.2559 15.7619 13.8007 12.2335 10.2737 9.4269 8.0552 7.4957 40 27.3554 23.1148 19.7928 17.1591 150463 10.7574 9.7790 7.6344 50 31.4236 25.7298 214822 10.9617 9.9148 9.0417 8.3045 7.6752 4) 6 7 8
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