Search this cours Ch 07 End-of-Chapter Problems - The Time Value of Money ack to Assignment Awerage/2 Attempts 25. Problem 7-25 eBook Problem 7-25 you wish to retire in 13 years and currently have $50,000 na savings account yielding 4 percent annually and $90,000 in quality blue chip stock yielding 9 percent. If you expect to add $30,000 at the end of each year to your stock portfolos, how much you have in your retirement fund when you retire? Uteopendix A and Appendix to answer the question Round your answer to the nearest dolar what rate of return must you earn on your retirement funds If you want to wrow $109,000 per year for the next 13 years after retiring Use Appendix to answer the question. Rount your answer to the nearest whole number Grade it Now Save & Continue Continue without saving Interest Factors for the Future Value of One Dollar Time Period 1 2 3 1090 1.150 1 12% 6% 7 8 1010 1020 1030 1040 1050 1060 1070 1080 1020 1040 1061 1082 1.102 1.124 1.145 1.166 1.030 1061 1.092 1.125 1.158 1.191.225 1.260 1.041 10821.126 1.170 1.216 1262 1311 1360 1051 1104 1159 1.217 1.276 1338 1403 1469 30% 1.100 1.210 1.331 1464 1.611 L180 1.392 1.188 1.295 1.412 1.529 1.120 1.254 1.405 1974 1.762 1.140 1.300 1482 1689 1925 1322 1521 1149 2011 1.160 1346 1561 1811 2.100 204 1.200 1.460 1.728 2014 2488 1999 2285 fu 2.700 1.062 1126 1.194 1.265 1.340 1.419 1.501 1.072 1149 1.220 1.316 1.407 1504 1606 1.083 1172 1.267 1.369 1.477 1.594 1.718 1094 195 1305 1423 1.551 1689 1838 1.105 1219 1344 1480 1.629 1.791 1967 1.587 1.714 1851 1999 2.159 1.677 1828 1993 2.172 2.367 1.772 1.949 2.144 2358 2.594 1974 2.211 2.476 2777 3.106 2.195 2.502 2.853 3.257 3.707 2313 2,660 3.059 7518 4.046 2.436 2.826 3.278 3803 4411 3.759 4426 5.234 2986 2.583 4300 5.160 6.192 11 12 1.116 12431384 1.539 1710 1898 2.105 1.127 1268 1426 1.601 1.796 2.012 2.252 1.138 1.291 1.469 1665 1.886 2.133 2.410 1.149 1319 1.513 1.732 1980 2.261 2.579 1161 1346 1558 1801 2.079 2397 2.759 2332 2.518 2.720 2.937 3.172 2580 2.813 3.066 3342 3.642 2.8533.479 3.138 3.896 3.452 4363 3.797 4.887 4.177 5.474 4226 4.818 51492 6.261 7.138 460 S350 6.153 7076 5.112 5.936 6.886 7988 6.176 11 1999 10.147 11973 7430 8910 10.699 12.829 15.402 14 15 16 17 3970 1,173 1373 1605 1.873 2.183 2.540 2.952 1184 1400 1653 1948 2292 2.693 3.159 1.195 1428 1.702 2.026 2007 2.854 3.380 1:208 1457 1754 2107 2.527 3.026 3.617 1.220 1.486 TR06 2.191 2653 3.207 3.870 2.426 3.700 3996 4.316 4661 4.328 4717 5.142 5.604 4.595 6.130 8.137 9.358 10.748 5054 6866 9.276 10.761 12.468 5.560 170 10.1 12375 14.067 5.116 8.613 12.0561473216.777 6.728 9.646 13:43 16,367 19.461 14129 16.672 19.623 23214 27393 26623 3194 38.337 19 20 25 1.282 16612.094 2.666 3.386 4 292 5.427 818 8673 10.83517000 26.46222919 40874 62.688 95 296 1481.811 2.477 343 4322 523 761210062 13.266174092996050950 56.212 55.850 342370 227.370 30 MacBook Air Interest Factors for the Future Value of an Annuity of One Dollar Time Period (en. year) 1 2 3 4 5 -NM 1% 1.000 2010 3.030 4,060 5.101 2% 1.000 2.020 3,060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 4% 1.000 2.040 3.122 4.246 5.416 5% 1.000 2.050 3.152 4.310 5.526 EX 1.000 2.060 3.184 4 375 5.637 75 1.000 2.070 3.215 4.440 5.751 8% 1.000 2.080 3.246 4.506 5.867 94 1.000 2.090 3.278 4.573 5.985 10% 1.000 2.100 3310 4.641 6.105 12% 1.000 2.120 3,374 4.770 6.353 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3.506 5.067 6877 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 7.434 8.583 9.755 10.950 6.468 7.662 8.892 10.159 11,464 6.633 7.898 9.214 10.583 12.006 6.802 8.142 9.549 11.027 12.578 6.975 8.394 9.897 11.491 13.181 7.153 8.654 10.260 11.978 13.816 7336 8.923 10.632 12.488 14.487 7.523 9.200 11.028 13.021 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 21.321 9.930 12915 16.499 20.798 25 958 11 12 13 14 15 11.567 12.169 12.683 13.412 13.809 14.680 14 947 15.974 16.097 17.293 12.808 14.192 15.618 17.086 18.599 13.486 15.026 16.627 18.292 20.024 14.202 15 912 17.713 19.599 21.579 14 972 16.870 18 882 21.051 23.276 15.784 17.888 20.141 22.550 25.129 16.645 18.977 21.495 24 215 27.152 17560 20.141 22.953 26.019 29.361 18.531 21.384 24 523 27.975 31.772 20.655 24.138 28.029 32.393 37.280 23.044 27.271 32.089 37.581 43.842 25.732 30.850 36.786 43.672 51.659 32.150 39.580 48.496 59.195 72.035 16 17 18 19 20 17.258 18.430 19.615 20.811 22.019 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 29.778 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 30.324 33.750 37.450 41.446 45.762 33.003 36.974 41 301 46.018 51.160 35.950 40.545 45.599 51.159 57.275 42.753 48.884 55.750 63.440 72.052 50.980 59.118 68.934 78.969 91.025 60.925 87.442 71673 105.93 84.140 128.11 98.603 154.74 115.370 186.68 25 28.243 32.030 36.459 41.646 47.727 54.865 63,249 73.106 84.701 98.347 133.33 181.87 249.210 471.98 30 34.785 40.568 47.575 56,085 66.439 79.058 94461 113.283 136 308 164.494 241.333 356.878 53031011818 Interest Factors for the Present Value of an Annuity of One Dollar Time Period ar 1% 2 2. 7 AX 10% 12% 18% 18% 10% 245 28% 23 1 0.990 0.980 0971 0.962 0.952 0943 0.93 0.926 0.917 0.909 0.893 0877 0.32 0.80 031 0.806 0.7 0.58 0.735 2 1970 1942 1913 1886 1850 1833 1808 1783 1759 1736 1600 164) 1605 1.566 1528 1457 1392 1332 225 3 2.941 2884 2.829 2.775 2.723 2673 2621 2.577 2531 2487 2.402 2.322 2.246 21M 2.106 1981 F868 1.766 167 2002 3.808 3.717 3630 3.546 3465 1.387 3312 1.240 3.170 3037 2.914 2.798 2.690 2.589 2404 2.24120965 1966 5 4853 471 4580 4452 4329 4212 4100 3999 2000 2791 3.605 3.43 1214 2127 2991 2.75 2.532745 2.181 5.795 5501 5.417 5.242 5.076 4917 4.766 462) 4.486 4355 4.111 3.889 3685 3498 3326 3.20 2.750 2.534 2.290 2 6.728 6.472 6230 6002 5.786 5 582 5.30 5.206 5033 4868 454 4288 4099 3.812 3.605 3242 2937 2678 2:55 8 7.652 7325 7020 6733 6 467 6.210 5.971 5.747 5535 5335 4.968 4629 4344 4078 337 3421 3076 2786 2.500 9 8.566 8.162 7736 7435 7,108 6.802 6.515 647 5.985 5759 5328 4946 4 607 4003 1 15853,1542868 2.50) 10 9.471 8.982 8530 8.111 7.722 7.260 7.024 6.710 648 6.145 5.650 5.216 4833 4494 4191 3682 1.760 2.930 2.650 11 10.358 9787 9.252 8.760 3.106 788 7.499 709 6.805 6.495 5.988 5.453 5029 4.656 307 3.7763.335 2.9782683 12.11.255 10.575 954 9.385 8.863 8.384 7943 75367161 6814 6.194 5.60 5.197 4.793 4.439851 18 3012 2.708 13 12114 11.748106359.986 9.394 534 8.25 904 7487 7103 6.04 5 842 5 342 4910 4530 79120 1000 2,722 1417004 12.106.11.2016 10:56 9.899 9.295 8.745 8241 2786 7367 6.628 6.000 5.468 5.003 4611 1962 2450 705 2ND 15 13.865 12.869 11.08 11.118 10:380 9.712 9.108 8.559 8.060.7606 6.811 6102 5.575 592 615 001 24837076 2.250 1514718 13 578 12.561 11652 10 38 50.106 9.447 88 8.312 774 697 6265 5.60 5162 473020032502 2088 2.758 17:15962.14292.166 12.166 11.274 10477 9763 9122 8544 800271206373 5749 5.222 775 059 358 2097 2.763 18 16.298 14992 1754 12.69 11.690 10.828 10.059 92 3.756 8201 2250 5.667 518 57 182 4003520101 270 19 17226 15.578 14.221.1 12.085 10.336 98.950 8365 366 550 5877 55 434 400 3570 1.100 2.770 2018.046 16.751 12500 12.462 11470 10.5049.818 9.128 8.514 7603 5.9295353 40 41102.546 32772 25 22.023 19.52317413 15X022 1094 12.750 11.65 10.675 9.803 9007 70 68725.091 5669484147 3560 302-2716 30 25.808 22937 19.600 123215373 125 12.400 11.258 10.274 9.627 8.0557003 6.77 5:517 497902212277 MacBook Air os DD $ 30 * F2 888 F Dn TO 66 F5 FA FT +