15. Problem 7-15 eBook Problem 7-15 You are offered $800 after six years color 1) or $100 a year for six years offer 2). If you can earn percent on your funds, Calculate the future values of both payments. Use Appendix com answer the question Round your answers to the nearest dollar FV 1 $ Voterat Which offer will you accept If you can eam 14 percent on your funds, calculate the future values of both payments. Use Append to answer the question. Round your answers to the nearest follar. Piots Vis which offer will you accept, you can earn 14 percent on your funde? Why are your answers different? The choices are different as the higher interest rate elect Interest Factors for the Future Value of an Annuity of One Dollar Time Period 5% year) 1 2 3 4 5 1% 1.000 2.010 3.030 4.060 5.101 2% 1000 2.020 3,060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 4% 1.000 2040 3.122 4.246 5.416 1.000 2.050 3.152 4.310 5.526 1000 2060 3.184 4.375 5.637 7% 1.000 2020 3.215 4.440 5.751 8% 1.000 2.080 3.246 4.506 5.867 9% 1.000 2.090 3.278 4.573 5.985 10% 1.000 2.100 3310 4.641 6,105 52% 1.000 2.120 3.374 4.770 6353 14% 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3506 5.067 6.877 20% 1.000 2.200 3.640 5.368 7.442 6 7 8 9 10 6.152 7.214 8.286 9.369 10.462 6.308 7434 8583 9.755 10.950 6.468 7.662 8.892 10.159 11,464 6.633 7.898 9.214 10.589 12.006 6.802 8.142 9.549 11.027 12.578 6975 8.394 9.897 11491 13.181 7.153 8.654 10.260 11978 13.816 7.336 8923 10.537 12 488 14.482 7523 9.200 11.028 18.021 15.193 7.716 9.487 11.436 13.579 15.937 8.115 10.089 12.300 14.776 17549 8.536 10.730 13.233 16.085 19.337 8.978 11.413 14 240 17518 21321 9930 12915 16.499 20.798 25.958 11 12 13 14 15 11.56 12.683 13.809 14.947 16.097 12.169 13.412 14.680 15 974 17.293 12.808 14.192 15.618 17086 18.599 13.486 15.026 16.627 18 292 20.024 14.207 15:917 17 713 19.509 21579 14 972 16.870 18.882 21051 23 276 15 784 17.888 20.141 22.550 25.129 16.545 18.977 21.495 24 215 27.152 17.560 20.141 22953 26.019 29.361 18.531 21.384 24.523 27975 31.772 20 655 24.138 28.029 32393 3720 23.044 27 271 32.089 37581 43.842 25722 30.850 36.786 43.672 51.659 32.150 39 580 48.496 59.195 72035 16 12 18 19 20 17.258 18.430 19,615 20.811 22019 18,639 20.012 21.412 22.841 24.297 20.157 21.762 23.414 25.117 26.870 21.825 23.698 25.645 27.671 29.278 23.657 25.840 28.132 30.539 33.066 25.673 28.213 30.906 33.760 36.786 27.888 30.840 33.999 37.379 40.995 30,374 33.750 37450 41.446 45.762 33003 36.974 41 301 46 018 50160 35.950 40.545 45.599 51.159 57 275 42.753 48.884 55.750 63.440 12.052 50.980 59.118 68.934 78.969 91025 60.925 87.442 71673 105.93 B4 140 128.11 98 603 154.74 115.370 186.68 25 28.243 32.030 36.459 41.646 47.727 54 865 63.249 23.106 84701 98 347 133 33 181.87 249.210 471.98 30 34.785 40.568 47575 56.085 66.439 79.058 94.461 113,283 136.808 164.494 241 333 356 878 530310 1818