Question: From the interest tables in Appendix A, determine the value of each of the following compound interest factors using linear interpolation, Compare each value with
From the interest tables in Appendix A, determine the value of each of the following compound interest factors using linear interpolation, Compare each value with the exact answer obtained from the appropriate formula in Chapter 2. (a) (F/P, 7%, 12), (b) (F1P, 12%, 47), (e) (P/F, 5%,20). (d) (FIA, 4%, 38), (e) (FIA, 4%, 38) (1) (AIF, 11:%, 30). (8) (A/P,5%, 57), (h) (A/P,71%, 57), (i) (P/A, 102%, 30), () (A/G.81%, 15). (k) (A/G, 133%, 39). Ans. (a) 2.3852 (exact: 2.3818); (b) 213.9934 (205.7061); (c) 0.3606 (0.3594); (d) 86.4762 (85.9703); (e) 92.0092 (101.7364); (f) 0.004869 (0.00479): (g) 0.05333 (0.05330); (h) 0,07391 (0.07387); (i) 89125 (8.8675): 6) 5.5545 (5.5541): (k) 7.0591 (70146) From the interest tables in Appendix A, determine the value of each of the following compound interest factors using linear interpolation, Compare each value with the exact answer obtained from the appropriate formula in Chapter 2. (a) (F/P, 7%, 12), (b) (F1P, 12%, 47), (e) (P/F, 5%,20). (d) (FIA, 4%, 38), (e) (FIA, 4%, 38) (1) (AIF, 11:%, 30). (8) (A/P,5%, 57), (h) (A/P,71%, 57), (i) (P/A, 102%, 30), () (A/G.81%, 15). (k) (A/G, 133%, 39). Ans. (a) 2.3852 (exact: 2.3818); (b) 213.9934 (205.7061); (c) 0.3606 (0.3594); (d) 86.4762 (85.9703); (e) 92.0092 (101.7364); (f) 0.004869 (0.00479): (g) 0.05333 (0.05330); (h) 0,07391 (0.07387); (i) 89125 (8.8675): 6) 5.5545 (5.5541): (k) 7.0591 (70146)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
