Question: Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) Annual Deposit Rate


Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) Annual Deposit Rate of Return Number of Years Investment Value at the End of Time Period Total Amount Total Amount of of Investment Earnings $ $ 3,400 3,400 3,400 3,400 2% 6% 4% 8% $ Exhibit 1-B Future Value (Compounded Sum) of $1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity) Period 1 1% 1 201 3.03 2% 1 202 3.06 3% 1 203 3.091 4.184 4% 1 204 3.122 9% 1 2.09 11% 1 2.11 6% 1 2.06 3.184 4.375 5.637 6.975 7% 1 2.07 3.215 4.44 5.751 7.153 8% 1 2.08 3.246 4.506 5.867 7.336 3.278 3.342 5% 1 2.05 3.153 4.31 5.526 6.802 8.142 9.549 4.06 4.122 4.71 5.101 5.204 4.246 5.416 6.633 5.309 6.228 6.308 6.468 7.913 6.152 7.214 8.286 7.662 7.898 8.394 9.783 7.434 8.583 9.755 8.654 10.26 9.214 9.897 8.923 10.637 12.488 11.859 9.369 10% 1 2.1 3.31 4.641 6.105 7.716 9.487 11.436 13.579 15.937 18.531 21.384 24.523 27.975 31.772 35.95 40.545 10.583 11.027 11.491 11.978 14.164 10.95 12.006 12.578 14.487 16.722 10 11 12 13.486 19.561 13.412 10.462 11.567 12.683 13.809 14.947 16.097 17.258 22.713 26.212 13 4.573 5.985 7.523 92 11.028 13.021 15.193 17.56 20.141 22.953 26.019 29.361 33.003 36.974 41.301 14.68 15.974 8.892 10.159 11.464 12.808 14.192 15.618 17.086 1 8.599 20.157 21.762 23.414 25.117 26.87 36.459 47.575 14.207 15.917 17.713 19.599 21.579 23.657 25.84 13.816 15.784 17.888 20.141 22.55 25.129 27.888 30.84 30.095 13.181 14.972 16.87 18.882 21.015 23.276 25.673 28.213 30.906 33.76 15 16 03 15.026 16.627 18.292 20.024 21.825 23.698 25.645 27.671 29.778 41.646 56.085 16.645 18.977 21.495 24.215 27.152 30.324 33.75 37.45 41.446 45.762 73.106 1 13.283 1 7.293 18.639 20.012 21.412 22.841 17 34.405 39.19 44.501 2012 18.43 18 33.999 45.599 50.396 28.132 30.539 56.939 19.615 20.811 22.019 28.243 34.785 24.297 19 20 25 30 64203 33.066 47.727 66.439 37.379 40.995 63.249 94.461 36.786 54.865 7 9.058 46.018 51.16 84.701 136.308 32.03 40.568 51.159 57.275 98.347 164.494 114.413 199.021
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
