Question: NSHIPS AND SOLUTION PROCEDURES [CHAP. 3 From the interest tables in Appendix A, determine the value of each of the following compound interest factors using

NSHIPS AND SOLUTION PROCEDURES [CHAP. 3 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) (FIP,71%,12), (b) (FP, 12% , 47). (c) (P/F,51%,20), (d) (FLA. 4%,38), (e) (FIA. 41%. 38). (f) (Al 113%.30). (g) (A/P,5%,57), (h) (A/P,71%,57), (i) 3.18 (PlA. 101% , 30), (j ) (A/G. d% . I s), (k) (A/G, l 31%, 39). Ans. (a) 2.3852 (exact: 2.3818), (b) 2139934 (205.706) (c)0.3606 (0.3594), (d) 86.4762 (85.9703); (e) 92 0092 ( 101 7364); (f) 0 004869 (000 79); ( g ) 005333 (0.05330); ( h ) 0.07391 (0.07387); ( i ) 8.9125 (8.8675); () 5.5545 (5.5541); (k) 7.0591 (70146) 3.19 How many year ul NSHIPS AND SOLUTION PROCEDURES [CHAP. 3 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) (FIP,71%,12), (b) (FP, 12% , 47). (c) (P/F,51%,20), (d) (FLA. 4%,38), (e) (FIA. 41%. 38). (f) (Al 113%.30). (g) (A/P,5%,57), (h) (A/P,71%,57), (i) 3.18 (PlA. 101% , 30), (j ) (A/G. d% . I s), (k) (A/G, l 31%, 39). Ans. (a) 2.3852 (exact: 2.3818), (b) 2139934 (205.706) (c)0.3606 (0.3594), (d) 86.4762 (85.9703); (e) 92 0092 ( 101 7364); (f) 0 004869 (000 79); ( g ) 005333 (0.05330); ( h ) 0.07391 (0.07387); ( i ) 8.9125 (8.8675); () 5.5545 (5.5541); (k) 7.0591 (70146) 3.19 How many year ul
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
