Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to calculate the compound interest (in $) on your investment.

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TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) Periods 1% 2% 3% 5% 6% 7% 8% Periods 1,00500 1.01000 1.01500 102000 103000 1.04000 1.05000 106000 LO7000 1.08000 2. 1.01003 1.02010 103023 L04568 1.04040 1.06090 1.08160 1.10250 1.12360 1.14490 1.16640 1.25971 101508 103030 1.06121 1.09273 1.12486 1.15763 L19102 1.22504 4. 1.02015 1.04060 1,06136 1.08243 1.12551 L16986 121551 126248 131080 1.36049 24 1.02525 105101 107728 LI0408 1.15927 1.21665 1.27628 1.33823 1.40255 146933 6. 1.03038 1.06152 1.09344 1.12616 1.19405 1.26532 134010 141852 1.50073 1.58687 17 103553 1.07214 1.10984 1.14869 1.22987 131593 L40710 1.50363 160578 1.71382 104071 1O8286 1.12649 L.17166 1.26677 1.36857 147746 1.59385 1.71819 1.85093 1.04591 1.09169 1.10462 1.14339 1.19509 1:30477 135133 1:42331 148024 168948 1.83846 1.99900 10 1.05114 1.16054 121899 134392 1.62889 1.79085 1.96715 2.15892 10 1.05640 LI1567 1.17795 1.24337 1.38423 1.53945 1.71034 1.89830 2.10485 2.33164 12 1.06168 1.12683 1.19562 1.26824 142576 160103 1.79586 2.01220 2.25219 251817 12 13 106699 1.13809 121355 1.29361 1.46853 1.66507 188565 2.1329) 240985 271962 13 14 1.07232 1.14947 1.23176 131948 151259 1.73168 1.97993 2.2600 2.57853 2.93719 14 15 1.07768 1.16097 125023 134587 1.55797 1.80094 2.07893 239656 2.75903 3.17217 15 16 1.08307 L17258 1.87298 1.94790 1.26899 1.37279 1.60471 2.18287 2.29202 254035 295216 342594 370002 16 17 1.08849 1.18430 1.28802 1.40024 1.65285 2.09277 3.15882 17 18 1,09393 1.19615 1.30734 L42825 1.70243 2.02582 240662 2.85434 337993 3.99602 18 19 1.09940 1,20811 132695 134686 1.45681 1.75351 2.10685 2.19112 2.52695 302560 3.61653 4.31570 19 20 1.10490 1.22019 1.48595 1.80611 2.65330 3.20714 3.86968 4.60096 20 21 L1042 1.23239 136706 131567 1.86029 2.27877 2.78596 3.39956 4.14056 5.03383 21 22 111597 1.24472 138756 1.54598 1.91610 236992 292526 3.60354 4.43040 5.43654 22 23 1.12155 1.25716 1.40838 I.57690 1.97359 246472 3.07152 381975 4.74053 5,87146 23 24 L12716 1.26973 1.42950 1.45095 1.60844 2.03279 2.56330 3.22510 4.04893 5.07237 6.34118 24 25 1.13280 128243 1.64061 2.09378 2.66584 3.38635 4.29187 542743 6.84848 25 Periods 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% Periods LO9000 L10000 L13000 12769) L1000 L14000 1.15000 L16000 L.17000 18000 1.39240 LI8810 121000 123210 1.25440 1.29960 1.32250 134560 136890 1,29503 133100 9.36763 140493 144290 148154 1.52088 I36090 160161 164303 1.93878 141158 L46410 151807 157352 1.63047 168896 1.74901 181064 1:87389 TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) Periods 1% 2% 3% 5% 6% 7% 8% Periods 1,00500 1.01000 1.01500 102000 103000 1.04000 1.05000 106000 LO7000 1.08000 2. 1.01003 1.02010 103023 L04568 1.04040 1.06090 1.08160 1.10250 1.12360 1.14490 1.16640 1.25971 101508 103030 1.06121 1.09273 1.12486 1.15763 L19102 1.22504 4. 1.02015 1.04060 1,06136 1.08243 1.12551 L16986 121551 126248 131080 1.36049 24 1.02525 105101 107728 LI0408 1.15927 1.21665 1.27628 1.33823 1.40255 146933 6. 1.03038 1.06152 1.09344 1.12616 1.19405 1.26532 134010 141852 1.50073 1.58687 17 103553 1.07214 1.10984 1.14869 1.22987 131593 L40710 1.50363 160578 1.71382 104071 1O8286 1.12649 L.17166 1.26677 1.36857 147746 1.59385 1.71819 1.85093 1.04591 1.09169 1.10462 1.14339 1.19509 1:30477 135133 1:42331 148024 168948 1.83846 1.99900 10 1.05114 1.16054 121899 134392 1.62889 1.79085 1.96715 2.15892 10 1.05640 LI1567 1.17795 1.24337 1.38423 1.53945 1.71034 1.89830 2.10485 2.33164 12 1.06168 1.12683 1.19562 1.26824 142576 160103 1.79586 2.01220 2.25219 251817 12 13 106699 1.13809 121355 1.29361 1.46853 1.66507 188565 2.1329) 240985 271962 13 14 1.07232 1.14947 1.23176 131948 151259 1.73168 1.97993 2.2600 2.57853 2.93719 14 15 1.07768 1.16097 125023 134587 1.55797 1.80094 2.07893 239656 2.75903 3.17217 15 16 1.08307 L17258 1.87298 1.94790 1.26899 1.37279 1.60471 2.18287 2.29202 254035 295216 342594 370002 16 17 1.08849 1.18430 1.28802 1.40024 1.65285 2.09277 3.15882 17 18 1,09393 1.19615 1.30734 L42825 1.70243 2.02582 240662 2.85434 337993 3.99602 18 19 1.09940 1,20811 132695 134686 1.45681 1.75351 2.10685 2.19112 2.52695 302560 3.61653 4.31570 19 20 1.10490 1.22019 1.48595 1.80611 2.65330 3.20714 3.86968 4.60096 20 21 L1042 1.23239 136706 131567 1.86029 2.27877 2.78596 3.39956 4.14056 5.03383 21 22 111597 1.24472 138756 1.54598 1.91610 236992 292526 3.60354 4.43040 5.43654 22 23 1.12155 1.25716 1.40838 I.57690 1.97359 246472 3.07152 381975 4.74053 5,87146 23 24 L12716 1.26973 1.42950 1.45095 1.60844 2.03279 2.56330 3.22510 4.04893 5.07237 6.34118 24 25 1.13280 128243 1.64061 2.09378 2.66584 3.38635 4.29187 542743 6.84848 25 Periods 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% Periods LO9000 L10000 L13000 12769) L1000 L14000 1.15000 L16000 L.17000 18000 1.39240 LI8810 121000 123210 1.25440 1.29960 1.32250 134560 136890 1,29503 133100 9.36763 140493 144290 148154 1.52088 I36090 160161 164303 1.93878 141158 L46410 151807 157352 1.63047 168896 1.74901 181064 1:87389

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Solution Given that principle P 5000 6 compound ed quartemy t 5 yea... View the full answer