f you invest $16,900 today, how much will you have: In 14 years at 11 percent? (
ID: 3111015 • Letter: F
Question
f you invest $16,900 today, how much will you have:
In 14 years at 11 percent? (Round "FV Factor" to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
In 17 years at 6 percent? (Round "FV Factor" to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
In 18 years at 10 percent? (Round "FV Factor" to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
In 20 years at 10 percent (compounded semiannually)? (Round "FV Factor" to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
f you invest $16,900 today, how much will you have:
Use Appendix A. | 86 2 3. 4. 6 3 4 6 8 0. 1 1 1 2 3 35 66 8 2 6 9 0 2 1 2 1122 7 3 : 1 1 2 3 3 4 5 : 1 1 1 22 2 35 44 55 09. 06. 201 007 $25 005 7 2 3 0084 6997 6 1. 1 1 2 2 2 3 45c%8 10 12 1 1 22 26, 31 38 95 37 09. 56780258 9741 6 180 41 ess 005 86 84 1 85004 sse o sso 17 24 001 202 400 88 68 79 91 1 1 1 2 2 2 3. 68 1 1 1 1 22 27 32 77 84 51 88 7247 9749 439 472 19166 222233335 1. 1 1 1 2 2 3 3 4 5 6 7 8 0146937 179 o 170 999 002 STA 102 56 001 51 198 007 62 80 999 007 53 33 26 gra 74 105 ese 07 87 2 841 2 703 2 511112223344567890246 32 66 67 83 0 765 9259 3087 47316 2 3 77901 Pe 123456789012345678905 30 40 50 123456789012345678905Explanation / Answer
Solution:
you invest $16,900 today means PV = 16900
(a)In 14 years at 11 percent
as we can see the value from tabe 2 thrid column and 11th row
PVf = 16900 * 4.226 = 71419.4
Answer: future value 71419.4
(b)
In 17 years at 6 percent
as we can see the value from tabe 1 6th column and 17th row
PVf = 16900 * 2.693 = 45511.7
Answer: future value 45511.7
(c) In 18 years at 10 percent
as we can look the value in tabe 1 10th column and 18th row
PVf = 16900 * 5.56 = 93964
Answer: future value 93964
(d) In 20 years at 10 percent (compounded semiannually)
In this case period becomes doubles we look period for 40
as we can look the value in tabe 1 10th column and 40th row
PVf = 16900 * 45.259 = 764877.1
Answer: future value 764877.1
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.