Using table A.2, determine the following future values: 1. $10 000 invested at the end of each
Question:
Using table A.2, determine the following future values:
1. $10 000 invested at the end of each year for 5 years at 12%, compounded yearly
2. $5000 invested at the end of each 6 months for 5 years at 8% per year, compounded half-yearly
3. $2500 invested at the end of each 3 months for 5 years at 10% per year, compounded quarterly.
Data from in Table A.2
Transcribed Image Text:
Periods 12345 2 3 5 6 679 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 2% 1.0000 2.0200 3.0604 4.1216 5.2040 6.3081 7.4343 8.5830 9.7546 10.9497 3% 1.0000 2.0300 3.0909 4.1836 5.3091 4% 1.0000 2.0400 3.1216 4.2465 5.4163 5% 12.1687 12.8078 13.4864 13.4121 14.1920 14.6803 15.6178 15.9739 17.0863 17.2934 18.5989 1.0000 2.0500 3.1525 4.3101 5.5256 6.4684 6.6330 6.8019 7.6625 7.8983 8.1420 8.8923 9.2142 9.5491 10.1591 10.5828 11.0266 11.4639 12.0061 6% 1.0000 2.0600 3.1836 4.3746 5.6371 6.9753 8.3938 9.8975 11.4913 12.5779 13.1808 14.2068 14.9716 15.0258 15.9171 16.8699 16.6268 17.7130 18.8821 18.2919 19.5986 20.0236 21.5786 21.0151 23.2760 8% 1.0000 2.0800 3.2464 4.5061 5.8666 7.3359 8.9228 10.6366 12.4876 14.4866 16.6455 18.9771 21.4953 24.2149 27.1521 10% 1.0000 2.1000 3.3100 4.6410 6.1051 7.7156 9.4872 11.4359 13.5795 15.9374 18.5312 21.3843 24.5227 27.9750 31.7725 12% 35.9497 40.5447 1.0000 2.1200 3.3744 4.7793 6.3528 8.1152 10.0890 12.2997 14.7757 17.5487 20.6546 24.1331 28.0291 32.3926 37.2797 16% 42.7533 48.8837 55.7497 63.4397 72.0524 1.0000 2.1600 3.5056 5.0665 6.8771 8.9775 11.4139 14.2401 17.5185 21.3215 30.3243 33.7502 18.6393 20.1569 21.8245 23.6575 25.6725 20.0121 21.7616 23.6975 25.8404 28.2129 23.4144 25.6454 28.1324 30.9057 25.1169 27.6712 30.5390 33.7600 33.0660 21.4123 37.4502 45.5992 22.8406 41.4463 51.1591 98.6032 24.2974 26.8704 29.7781 36.7856 45.7620 57.2750 115.3797 32.0303 36.4593 47.7271 54.8645 73.1059 98.3471 133.3339 249.2140 41.6459 56.0849 66.4388 79.0582 113.2832 40.5681 47.5754 164.4940 241.3327 530.3117 25.7329 30.8502 36.7862 43.6720 51.6595 60.9250 71.6730 84.1407 20% 1.0000 2.2000 3.6400 5.3680 7.4416 9.9299 12.9159 16.4991 20.7989 25.9587 32.1504 39.5805 48.4966 59.1959 72.0351 87.4421 105.9306 128.1167 154.7400 186.6880 471.9811 1181.8816
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
Solution 1 10000 invested at the end of each year for 5 years at 12 compounded y...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
Question Posted:
Students also viewed these Business questions
-
A person deposits $1000 at the end of each year into an annuity earning 5% interest compounded annually? How many years are required for the balance to reach $30,539? After how many years will the...
-
The table lists the balances at the end of each year for a 15-year, $50,000 loan with an 8% interest rate. a. Construct a scatterplot using the data points (year, loan balance). b. Write a linear...
-
What payment made at the end of each year for 18 years will amount to $16 000 at 4.2% compounded monthly?
-
The OrbitTrack Company specializes in developing and selling a wide range of high-quality scooters. Sales representatives report that there is a growing demand for racing scooters. OrbitTrack's...
-
Using the information from P5- 1, prepare a condensed, multiple- step income statement with all supporting disclosures. P5-1 Bluebird Products, Inc. Trial Balance For the Year Ended December 31 Debit...
-
Rapel Valley in Chile is renowned for its ability to produce high-quality wine at a fraction of the cost of many other vineyards around the world. Rapel Valley produces over 20 million bottles of...
-
On January 2, 2010, Shine Lights purchased showroom fixtures for $18,000 cash, expecting the fixtures to remain in service for five years. Shine Lights has depreci ated the fixtures on a...
-
The Metropolitan Park District of Tacoma gave Griffith a concession to run the districts parks. The agreement gave the right to occupy the parks and use any improvements found therein. The district...
-
Explain the Fama-French three factor model (show the equation). What is the difference between this model and CAPM?
-
Air flows under steady, approximately one-dimensional conditions through the conical nozzle in Fig. P4.21. If the speed of sound is approximately 340 m/s, what is the minimum nozzle-diameter ratio...
-
An investor wants to know how much a $5000 investment made today will amount to in 15 years if it earns 10% interest, compounded yearly.
-
Refer to exercise A.1. How much interest would be due if compound interest were involved? Data from in Exercise A.1 On 1 March, Hinkle Ltd borrowed $4000 at 10% simple interest for 3 years. Calculate...
-
Solve the linear, second-order IVP. \(\ddot{x}+4 x=t, x(0)=0, \dot{x}(0)=1\)
-
Luis Rodriguez wants to buy a car in 3 years. He will need $ 3 , 0 0 0 for a down payment. The annual Interest rate is 9 % . How much money must Rodriguez invest today for the purchase?
-
Once invested IN a corporation, shareholders want their money out - they want a return on investment! Mary owns 2 5 % of TAXCORP INC, which paid out a $ 5 0 , 0 0 0 distribution to her on 1 2 / 3 1 /...
-
The following information was extracted from the accounting records of Niki's Wholesalers for the month ended 31 October 2019. Niki's write up their primary journals and post to their subsidiary...
-
In the tax year 2021/22 Henry Murray has been working as a finance manager earning 67,500 per annum. He is provided with a diesel car by his employer, list price 27,000, with CO2 emissions of...
-
Joe and John intend to enter into a like - kind exchange of real property qualifying for tax treatment under section 1 0 3 1 of the Internal Revenue Code. Joe transfers land with a tax basis of $ 1 0...
-
In each part, find z1z2, z12, and z22 (a) z1 = 3i, z2 = 1 - i (b) z1 = 4 + 6i, z2 = 2 - 3i (c) z1 = 1/3 (2 + 4i), z2 = 1/2 (1 - 5i)
-
Find a polar equation for the curve represented by the given Cartesian equation. 4y 2 = x
-
Your Boss calls you to his office and asks a couple of questions that are basically not in sequence. What is the scaling technique used to build a distributed Streaming Analytics system such as...
-
Database systems cannot stand alone; they depend on many other systems. Choose an industry from e-commerce, healthcare, or banking and discuss database security for an organization in one of those...
-
Suppose you have this query SELECT Pname, Price, Color FROM PRODUCT WHERE Price < 50 OR Color = Red; Which technique can be used to improve this query ? Q2.With a neat state transition diagram...
Study smarter with the SolutionInn App