Tran Lee plans to set aside $3,500 a year for the next eight years, earning 5...
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Tran Lee plans to set aside $3,500 a year for the next eight years, earning 5 percent. What would be the future value of this savings amount? Use Exhibit 1-B. (Round your discount factor to 3 decimal places and final answer to 2 decimal places.) Future value Mourya Period 1 2 3 4 5 6 7 1 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 Period 1 2 3 4 S 9 L . 9 10 28 1.000 2.010 3.030 3.060 4.122 5.204 6.308 7.434 8.583 4.060 5.101 6.152 7.214 4.184 5.309 6.468 7.662 8.892 9.755 10.159 10.462 10.950 11.464 11.567 12.169 12.808 14.192 8.286 9.369 12.683 13.809 14.947 16.097 17.258 128 18.430 19.615 20.011 22.019 28.243 34.785 48.006 64.463 84.579 1.000 2.120 3.374 4.779 21 1.000 2.020 6.353 8.115 10.009 12.300 14.776 17.549 13.412 14.680 15.974 17.293 18.639 20.012 21.412 22.841 24.297 32.030 40.588 60.402 33% 31 1.000 2.030 3.091 15.618 17.086 18.599 20.157 21.762 23.414 25.117 26.870 36.459 47.575 75.401 112.800 1.000 2.130 3.407 4.850 6.400 0.323 10.405 12.757 15.416 18.420 14% 41 1.000 2.040 3.122 4.246 5.416 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 27.671 29.778 41.646 56.005 51 1.000 2.050 3.153 4.310 5.526 21.825 23.698 25.645 28.132 30.539 33.066 47.727 66.439 1.000 2.140 3.440 4.921 6.610 8.536 6.802 8.142 9.549 11.027 10.730 13.233 16.085 19.337 12.578 14.207 15.917 17.713 19.599 21.579 23.657 25.840 151 1.000 2.150 3.473 4.993 6.742 19 8.754 11.067 13.727 16.786 20.304 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.491 13.181 14.973 95.026 120.800 154-760 209.350 290.340 152.670 16.870 18.882 21.015 23.276 25.673 28.213 30.906 33.760 36.786 54.865 79.058 161 1.000 2.160 3.506 5.066 6.877 8.977 11.414 14.240 17.519 21.321 71 1.000 2.070 3.215 4.440 5.751 11.978 13.816 27.888 30.840 7.153 8.654 10.637 10.260 12.488 33.999 37.379 40.995 63.249 15.784 16.645 17.808 18.977 20.141 21.495 22.550 25.129 17% 18 1.000 2.170 3.539 5.141 7.014 1.000 2.080 3.246 4.506 5.867 9.207 11.772 14.773 18.285 22.393 7.336 8.923 7.523 9.200 11.028 13.021 14.487 15.193 17.560 20.141 22.953 26.019 29.361 33.003 24.215 27.152 94.461 113.280 199.640 259.060 406.530 573.770 30.324 33.750 37.450 41.446 45.762 73.106 181 16 1.000 2.090 3.278 4.573 5.985 36.974 41.301 46.018 51.160 84.701 136.31 337.890 815.080 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23.521 191 101 1.000 2.100 3.310 4.641 6.105 7,716 9.487 11.436 13.579 15.937 18.531 21.384 24.523 27.975 31.772 35.950 40.545 45.599 51.159 57.275 98.347 164.490 442.590 1,163.900 1.000 2.190 3.606 5.291 7.297 9.683 12.523 15.902 19.923 24.701 201 118 1.000 2.110 3.342 4.710 6.228 7.913 9.783 11.859 14.164 16.722 19.561 22.713 26.212 30.095 34.405 39.190 44.501 50.396 56.939 64.203 114.410 199.020 581.830 1,668.800 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16.499 20.799 25.959 251 1.000 2.250 3.813 5.766 8.207 11.259 15.073 19.842 25.802 33.253 301 1.000 2.300 3.990 6.187 9.043 12.756 17.583 23.858 32.015 42.619 ---- Tran Lee plans to set aside $3,500 a year for the next eight years, earning 5 percent. What would be the future value of this savings amount? Use Exhibit 1-B. (Round your discount factor to 3 decimal places and final answer to 2 decimal places.) Future value Mourya Period 1 2 3 4 5 6 7 1 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 Period 1 2 3 4 S 9 L . 9 10 28 1.000 2.010 3.030 3.060 4.122 5.204 6.308 7.434 8.583 4.060 5.101 6.152 7.214 4.184 5.309 6.468 7.662 8.892 9.755 10.159 10.462 10.950 11.464 11.567 12.169 12.808 14.192 8.286 9.369 12.683 13.809 14.947 16.097 17.258 128 18.430 19.615 20.011 22.019 28.243 34.785 48.006 64.463 84.579 1.000 2.120 3.374 4.779 21 1.000 2.020 6.353 8.115 10.009 12.300 14.776 17.549 13.412 14.680 15.974 17.293 18.639 20.012 21.412 22.841 24.297 32.030 40.588 60.402 33% 31 1.000 2.030 3.091 15.618 17.086 18.599 20.157 21.762 23.414 25.117 26.870 36.459 47.575 75.401 112.800 1.000 2.130 3.407 4.850 6.400 0.323 10.405 12.757 15.416 18.420 14% 41 1.000 2.040 3.122 4.246 5.416 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 27.671 29.778 41.646 56.005 51 1.000 2.050 3.153 4.310 5.526 21.825 23.698 25.645 28.132 30.539 33.066 47.727 66.439 1.000 2.140 3.440 4.921 6.610 8.536 6.802 8.142 9.549 11.027 10.730 13.233 16.085 19.337 12.578 14.207 15.917 17.713 19.599 21.579 23.657 25.840 151 1.000 2.150 3.473 4.993 6.742 19 8.754 11.067 13.727 16.786 20.304 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.491 13.181 14.973 95.026 120.800 154-760 209.350 290.340 152.670 16.870 18.882 21.015 23.276 25.673 28.213 30.906 33.760 36.786 54.865 79.058 161 1.000 2.160 3.506 5.066 6.877 8.977 11.414 14.240 17.519 21.321 71 1.000 2.070 3.215 4.440 5.751 11.978 13.816 27.888 30.840 7.153 8.654 10.637 10.260 12.488 33.999 37.379 40.995 63.249 15.784 16.645 17.808 18.977 20.141 21.495 22.550 25.129 17% 18 1.000 2.170 3.539 5.141 7.014 1.000 2.080 3.246 4.506 5.867 9.207 11.772 14.773 18.285 22.393 7.336 8.923 7.523 9.200 11.028 13.021 14.487 15.193 17.560 20.141 22.953 26.019 29.361 33.003 24.215 27.152 94.461 113.280 199.640 259.060 406.530 573.770 30.324 33.750 37.450 41.446 45.762 73.106 181 16 1.000 2.090 3.278 4.573 5.985 36.974 41.301 46.018 51.160 84.701 136.31 337.890 815.080 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23.521 191 101 1.000 2.100 3.310 4.641 6.105 7,716 9.487 11.436 13.579 15.937 18.531 21.384 24.523 27.975 31.772 35.950 40.545 45.599 51.159 57.275 98.347 164.490 442.590 1,163.900 1.000 2.190 3.606 5.291 7.297 9.683 12.523 15.902 19.923 24.701 201 118 1.000 2.110 3.342 4.710 6.228 7.913 9.783 11.859 14.164 16.722 19.561 22.713 26.212 30.095 34.405 39.190 44.501 50.396 56.939 64.203 114.410 199.020 581.830 1,668.800 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16.499 20.799 25.959 251 1.000 2.250 3.813 5.766 8.207 11.259 15.073 19.842 25.802 33.253 301 1.000 2.300 3.990 6.187 9.043 12.756 17.583 23.858 32.015 42.619 ----
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Future Value FV P 1 rn Where P Principal amount initial savings 3500 r Annual int... View the full answer
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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