Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)

Marcus invests $6,500, at 9% interest, compounded annually for 17 years. Calculate the compound interest for his investment.

$9,945.00

$16,445.00

$21,629.60

$28,129.60

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Periods % 1% 11% 2% 3% 4% 5% 6% 7% 8% Periods 1234 in 1.00500 1.01000 1.01500 1.02000 1.03000 1.04000 1.01003 1.02010 1.03023 1.04040 1.06090 1.08160 1.01508 1.03030 1.04568 1.06121 1.09273 1.12486 1.15763 1.05000 1.06000 1.10250 1.12360 1.19102 1.02015 1.04060 1.06136 1.08243 1.12551 1.16986 1.21551 1.26248 5 1.02525 1.05101 1.07728 1.10408 1.15927 1.21665 1.27628 1.33823 1.31080 1.40255 1.07000 1.08000 1.14490 1.16640 1.22504 1.25971 1.36049 1.46933 1 2 3 4 5 10 67890 1.03038 1.06152 1.09344 1.12616 1.19405 1.26532 1.03553 1.07214 1.10984 1.14869 1.22987 1.31593 1.04071 1.08286 1.12649 1.17166 1.26677 1.36857 1.04591 1.09369 1.14339 1.19509 1.30477 1.42331 1.05114 1.10462 1.16054 1.21899 1.34392 1.48024 1.55133 1.62889 1.34010 1.41852 1.40710 1.50363 1.47746 1.59385 1.68948 1.79085 1.50073 1.58687 1.60578 1.71382 1.71819 1.85093 1.83846 1.99900 1.96715 2.15892 10 67899 11 1.05640 1.11567 1.17795 1.24337 1.38423 12 1.06168 1.12683 1.19562 1.26824 1.42576 13 1.06699 1.13809 1.21355 1.29361 1.46853 14 1.07232 1.14947 1.23176 1.31948 1.51259 1.73168 1.97993 15 1.07768 1.16097 1.25023 1.34587 1.55797 1.80094 2.07893 1.53945 1.71034 1.89830 2.10485 2.33164 1.60103 1.79586 2.01220 2.25219 2.51817 1.66507 1.88565 2.13293 2.40985 2.71962 2.26090 2.39656 11 2.57853 2.93719 2.75903 3.17217 16 1.08307 1.17258 1.26899 1.37279 1.60471 1.87298 2.18287 17 1.08849 1.18430 1.28802 1.40024 1.65285 18 1.09393 1.19615 1.30734 1.42825 1.70243 1.94790 2.02582 19 1.09940 1.20811 1.32695 1.45681 1.75351 2.10685 20 1.10490 1.22019 1.34686 1.48595 1.80611 2.19112 2.54035 2.29202 2.69277 2.40662 2.85434 2.52695 3.02560 2.65330 3.20714 2.95216 3.42594 3.15882 3.70002 3.37993 3.99602 3.61653 4.31570 3.86968 4.66096 235 67898 12 13 14 15 16 17 18 19 20 21 1.11042 1.23239 1.36706 1.51567 1.86029 2.27877 22 1.11597 1.24472 1.38756 1.54598 1.91610 2.36992 23 1.12155 1.25716 1.40838 1.57690 1.97359 2.46472 3.07152 24 1.12716 1.26973 1.42950 1.60844 25 1.13280 1.28243 1.45095 1.64061 2.03279 2.56330 2.09378 2.66584 3.22510 3.38635 2.78596 3.39956 4.14056 2.92526 3.60354 4.43040 3.81975 4.74053 4.04893 5.07237 4.29187 5.42743 5.03383 21 5.43654 22 5.87146 23 6.34118 24 6.84848 25 Periods 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% Periods 1 1.09000 1.10000 1.11000 1.12000 1.13000 1.14000 1.15000 1.16000 1.17000 1.18000 1 2 1.18810 1.21000 1.23210 1.25440 1.27690 1.29960 1.32250 1.34560 1.36890 1.39240 2 3 1.29503 1.33100 1.36763 1.40493 1.44290 1.48154 1.52088 1.56090 1.60161 1.64303 3 4 1.41158 1.46410 1.51807 1.57352 1.63047 1.68896 1.74901 5 1.53862 1.61051 1.68506 1.76234 1.84244 1.92541 2.01136 1.81064 1.87389 2.10034 2.19245 2.28776 1.93878 4 5 10 68899 1.67710 1.77156 1.87041 1.97382 2.08195 2.19497 2.31306 1.82804 1.94872 2.07616 2.21068 2.35261 2.50227 2.66002 1.99256 2.14359 2.30454 2.47596 2.65844 2.85259 2.17189 2.35795 2.55804 2.77308 3.00404 3.25195 2.36736 2.59374 2.83942 3.10585 3.39457 3.70722 3.05902 3.51788 4.04556 2.43640 2.56516 2.69955 2.82622 3.00124 3.18547 3.27841 3.51145 3.75886 3.80296 4.10840 4.43545 4.41144 4.80683 5.23384 10 68899 7 11 2.58043 2.85312 3.15176 12 2.81266 3.13843 3.49845 13 3.06580 3.45227 3.88328 3.47855 3.89598 4.33452 4.36349 4.89801 3.83586 4.22623 4.81790 5.49241 14 3.34173 3.79750 4.31044 4.88711 5.53475 15 3.64248 4.17725 4.78459 5.47357 6.25427 6.26135 7.13794 4.65239 5.11726 5.62399 6.17593 5.35025 5.93603 6.58007 7.28759 6.15279 6.88579 7.69868 8.59936 7.07571 7.98752 9.00745 10.14724 8.13706 9.26552 10.53872 11.97375 =2315 11 12 14 15 16 3.97031 4.59497 5.31089 17 4.32763 5.05447 5.89509 18 4.71712 5.55992 6.54355 19 5.14166 6.11591 20 5.60441 6.72750 7.26334 8.06231 6.13039 7.06733 8.13725 9.35762 10.74800 12.33030 14.12902 6.86604 7.98608 9.27646 10.76126 12.46768 14.42646 16.67225 7.68997 9.02427 10.57517 12.37545 14.46251 16.87895 19.67325 8.61276 10.19742 12.05569 14.23177 16.77652 19.74838 23.21444 9.64629 11.52309 13.74349 16.36654 19.46076 23.10560 27.39303 BER 16 17 18 19 20 21 6.10881 22 23 24 25 7.40025 8.94917 10.80385 13.02109 15.66758 18.82152 22.57448 27.03355 32.32378 6.65860 8.14027 9.93357 12.10031 14.71383 17.86104 21.64475 26.18640 31.62925 38.14206 7.25787 8.95430 11.02627 13.55235 16.62663 20.36158 24.89146 30.37622 37.00623 45.00763 7.91108 9.84973 12.23916 15.17863 18.78809 23.21221 28.62518 35.23642 43.29729 53.10901 8.62308 10.83471 13.58546 17.00006 21.23054 26.46192 32.91895 40.87424 50.65783 62.66863 21 22 23 24 25 Periods % 1% 11% 2% 3% 4% 5% 6% 7% 8% Periods 1234 in 1.00500 1.01000 1.01500 1.02000 1.03000 1.04000 1.01003 1.02010 1.03023 1.04040 1.06090 1.08160 1.01508 1.03030 1.04568 1.06121 1.09273 1.12486 1.15763 1.05000 1.06000 1.10250 1.12360 1.19102 1.02015 1.04060 1.06136 1.08243 1.12551 1.16986 1.21551 1.26248 5 1.02525 1.05101 1.07728 1.10408 1.15927 1.21665 1.27628 1.33823 1.31080 1.40255 1.07000 1.08000 1.14490 1.16640 1.22504 1.25971 1.36049 1.46933 1 2 3 4 5 10 67890 1.03038 1.06152 1.09344 1.12616 1.19405 1.26532 1.03553 1.07214 1.10984 1.14869 1.22987 1.31593 1.04071 1.08286 1.12649 1.17166 1.26677 1.36857 1.04591 1.09369 1.14339 1.19509 1.30477 1.42331 1.05114 1.10462 1.16054 1.21899 1.34392 1.48024 1.55133 1.62889 1.34010 1.41852 1.40710 1.50363 1.47746 1.59385 1.68948 1.79085 1.50073 1.58687 1.60578 1.71382 1.71819 1.85093 1.83846 1.99900 1.96715 2.15892 10 67899 11 1.05640 1.11567 1.17795 1.24337 1.38423 12 1.06168 1.12683 1.19562 1.26824 1.42576 13 1.06699 1.13809 1.21355 1.29361 1.46853 14 1.07232 1.14947 1.23176 1.31948 1.51259 1.73168 1.97993 15 1.07768 1.16097 1.25023 1.34587 1.55797 1.80094 2.07893 1.53945 1.71034 1.89830 2.10485 2.33164 1.60103 1.79586 2.01220 2.25219 2.51817 1.66507 1.88565 2.13293 2.40985 2.71962 2.26090 2.39656 11 2.57853 2.93719 2.75903 3.17217 16 1.08307 1.17258 1.26899 1.37279 1.60471 1.87298 2.18287 17 1.08849 1.18430 1.28802 1.40024 1.65285 18 1.09393 1.19615 1.30734 1.42825 1.70243 1.94790 2.02582 19 1.09940 1.20811 1.32695 1.45681 1.75351 2.10685 20 1.10490 1.22019 1.34686 1.48595 1.80611 2.19112 2.54035 2.29202 2.69277 2.40662 2.85434 2.52695 3.02560 2.65330 3.20714 2.95216 3.42594 3.15882 3.70002 3.37993 3.99602 3.61653 4.31570 3.86968 4.66096 235 67898 12 13 14 15 16 17 18 19 20 21 1.11042 1.23239 1.36706 1.51567 1.86029 2.27877 22 1.11597 1.24472 1.38756 1.54598 1.91610 2.36992 23 1.12155 1.25716 1.40838 1.57690 1.97359 2.46472 3.07152 24 1.12716 1.26973 1.42950 1.60844 25 1.13280 1.28243 1.45095 1.64061 2.03279 2.56330 2.09378 2.66584 3.22510 3.38635 2.78596 3.39956 4.14056 2.92526 3.60354 4.43040 3.81975 4.74053 4.04893 5.07237 4.29187 5.42743 5.03383 21 5.43654 22 5.87146 23 6.34118 24 6.84848 25 Periods 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% Periods 1 1.09000 1.10000 1.11000 1.12000 1.13000 1.14000 1.15000 1.16000 1.17000 1.18000 1 2 1.18810 1.21000 1.23210 1.25440 1.27690 1.29960 1.32250 1.34560 1.36890 1.39240 2 3 1.29503 1.33100 1.36763 1.40493 1.44290 1.48154 1.52088 1.56090 1.60161 1.64303 3 4 1.41158 1.46410 1.51807 1.57352 1.63047 1.68896 1.74901 5 1.53862 1.61051 1.68506 1.76234 1.84244 1.92541 2.01136 1.81064 1.87389 2.10034 2.19245 2.28776 1.93878 4 5 10 68899 1.67710 1.77156 1.87041 1.97382 2.08195 2.19497 2.31306 1.82804 1.94872 2.07616 2.21068 2.35261 2.50227 2.66002 1.99256 2.14359 2.30454 2.47596 2.65844 2.85259 2.17189 2.35795 2.55804 2.77308 3.00404 3.25195 2.36736 2.59374 2.83942 3.10585 3.39457 3.70722 3.05902 3.51788 4.04556 2.43640 2.56516 2.69955 2.82622 3.00124 3.18547 3.27841 3.51145 3.75886 3.80296 4.10840 4.43545 4.41144 4.80683 5.23384 10 68899 7 11 2.58043 2.85312 3.15176 12 2.81266 3.13843 3.49845 13 3.06580 3.45227 3.88328 3.47855 3.89598 4.33452 4.36349 4.89801 3.83586 4.22623 4.81790 5.49241 14 3.34173 3.79750 4.31044 4.88711 5.53475 15 3.64248 4.17725 4.78459 5.47357 6.25427 6.26135 7.13794 4.65239 5.11726 5.62399 6.17593 5.35025 5.93603 6.58007 7.28759 6.15279 6.88579 7.69868 8.59936 7.07571 7.98752 9.00745 10.14724 8.13706 9.26552 10.53872 11.97375 =2315 11 12 14 15 16 3.97031 4.59497 5.31089 17 4.32763 5.05447 5.89509 18 4.71712 5.55992 6.54355 19 5.14166 6.11591 20 5.60441 6.72750 7.26334 8.06231 6.13039 7.06733 8.13725 9.35762 10.74800 12.33030 14.12902 6.86604 7.98608 9.27646 10.76126 12.46768 14.42646 16.67225 7.68997 9.02427 10.57517 12.37545 14.46251 16.87895 19.67325 8.61276 10.19742 12.05569 14.23177 16.77652 19.74838 23.21444 9.64629 11.52309 13.74349 16.36654 19.46076 23.10560 27.39303 BER 16 17 18 19 20 21 6.10881 22 23 24 25 7.40025 8.94917 10.80385 13.02109 15.66758 18.82152 22.57448 27.03355 32.32378 6.65860 8.14027 9.93357 12.10031 14.71383 17.86104 21.64475 26.18640 31.62925 38.14206 7.25787 8.95430 11.02627 13.55235 16.62663 20.36158 24.89146 30.37622 37.00623 45.00763 7.91108 9.84973 12.23916 15.17863 18.78809 23.21221 28.62518 35.23642 43.29729 53.10901 8.62308 10.83471 13.58546 17.00006 21.23054 26.46192 32.91895 40.87424 50.65783 62.66863 21 22 23 24 25