FREE Trial
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Period (years) Compound Interest Principal $22,000 [-/2 Points] Principal 18 $16,000 DETAILS Nominal Rate (%) 5

Transcribed Image Text:

Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Period (years) Compound Interest Principal $22,000 [-/2 Points] Principal 18 $16,000 DETAILS Nominal Rate (%) 5 29 Time Nominal Period (years) Rate (%) Interest Compounded BRECMBC9 11.1.020. annually $ 8 The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Compound Amount Interest Compounded annually New Table Factor $ $ MY NOTES Compound Amount ASK YOUR TEACHER Periods 1 2 3 4 5 A 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Periods 1 2 3 5 67699 8 10 11 12 13 14 15 19 20 compound 1% 1.00500 1.01000 1.01500 1.01003 1.02010 1.03023 1.01508 1.03030 1.04568 1.02015 1.04060 1.06136 1.02525 1.05101 1.07728 21 22 1.03038 1.06152 1.03553 1.07214 1.04071 1.08286 1.04591 1.09369 1.05114 1.10462 1.16054 1.11042 1.11597 1.12155 1.12716 1.13280 1.05640 1.11567 1.17795 1.06168 1.12683 1.19562 1.06699 1.13809 1.21355 1.07232 1.14947 1.23176 1.31948 1.07768 1.16097 1.25023 1.34587 1.08307 1.17258 1.26899 1.08849 1.18430 1.28802 1.09393 1.09940 1.20811 1.19615 1.30734 1.32695 1.10490 1.22019 1.34686 1.09344 1.10984 1.23239 1.36706 1.24472 1.38756 1.25716 1.40838 1.26973 1.42950 1.28243 1.45095 1.67710 1.77156 1.82804 1.94872 9% 10% 11% 1.09000 1.10000 1.11000 1.18810 1.21000 1.23210 1.29503 1.33100 1.36763 1.41158 1.46410 1.51807 1.53862 1.61051 1.68506 1.99256 2.14359 2.17189 2.35795 2.36736 2.59374 1.12616 1.19405 1.14869 1.22987 1.58687 1.60578 1.71382 1.26532 1.34010 1.41852 1.50073 1.31593 1.40710 1.50363 1.12649 1.17166 1.26677 1.36857 1.47746 1.59385 1.71819 1.85093 1.14339 1.19509 1.30477 1.42331 1.55133 1.68948 1.83846 1.99900 1.21899 1.34392 1.48024 1.62889 1.79085 1.96715 2.15892 1.24337 1.38423 1.53945 1.71034 1.89830 2.10485 2.33164 1.26824 1.42576 1.60103 1.79586 2.01220 2.25219 2.51817 12 1.29361 1.46853 1.66507 1.88565 2.13293 2.40985 2.71962 13 1.51259 1.73168 1.97993 2.26090 2.57853 2.93719 14 1.55797 1.80094 2.07893 2.39656 2.75903 3.17217 15 11 6.10881 7.40025 6.65860 8.14027 23 7.25787 8.95430 24 7.91108 9.84973 25 8.62308 10.83471 1.87041 2.07616 2.30454 2.55804 2.83942 16 3.97031 4.59497 5.31089 17 4.32763 5.05447 5.89509 18 4.71712 5.55992 6.54355 5.14166 6.11591 7.26334 5.60441 6.72750 8.06231 2.58043 2.85312 2.81266 3.13843 3.06580 3.45227 3.34173 3.79750 4.31044 3.64248 4.17725 4.78459 3.15176 3.49845 3.88328 2% 3% 1.02000 1.03000 1.04040 1.06121 1.08243 1.10408 1.51567 1.54598 1.57690 1.60844 1.64061 1.37279 1.60471 1.87298 2.18287 1.40024 1.65285 1.94790 2.29202 1.70243 2.02582 2.40662 2.52695 1.42825 1.45681 1.75351 2.10685 1.48595 1.80611 2.19112 2.65330 4% 5% 6% 1.04000 1.05000 1.06000 1.06090 1.08160 1.10250 1.12360 1.09273 1.12486 1.15763 1.19102 1.12551 1.16986 1.21551 1.15927 1.21665 1.27628 1.97382 2.21068 2.47596 2.77308 pound mite 1.86029 1.91610 1.97359 2.27877 2.36992 2.46472 2.03279 2.56330 3.22510 2.09378 2.66584 3.38635 14% 15% 12% 13% 1.12000 1.13000 1.14000 1.15000 1.25440 1.27690 1.29960 1.32250 1.40493 1.44290 1.48154 1.57352 1.63047 1.68896 1.76234 1.84244 1.92541 2.08195 2.35261 3.10585 3.39457 2.65844 2.85259 3.00404 3.25195 2.78596 2.92526 3.07152 7% 8% 1.07000 1.08000 1.14490 1.16640 1.22504 1.25971 1.26248 1.31080 1.36049 1.33823 1.40255 1.46933 2.19497 2.31306 2.50227 2.66002 3.05902 3.51788 3.70722 4.04556 6.13039 7.06733 6.86604 7.98608 7.68997 9.02427 10.57517 8.61276 10.19742 12.05569 9.64629 11.52309 13.74349 3.42594 2.54035 2.95216 2.69277 3.15882 3.70002 2.85434 3.37993 3.99602 3.02560 3.61653 4.31570 3.20714 3.86968 4.66096 16% 17% 18% 1.18000 1.16000 1.17000 1.34560 1.36890 1.39240 1.52088 1.56090 1.60161 1.64303 1.74901 1.81064 1.87389 1.93878 2.01136 2.10034 2.19245 2.28776 Periods 1 2 3 4 5 4.65239 5.11726 5.62399 6.17593 3.47855 3.83586 4.22623 3.89598 4.33452 4.81790 5.35025 5.93603 6.58007 7.28759 6.15279 6.88579 7.69868 8.59936 4.36349 4.89801 5.49241 4.88711 5.53475 6.26135 7.07571 7.98752 9.00745 10.14724 8.13706 9.26552 10.53872 11.97375 5.47357 6.25427 7.13794 6 7 8 9 10 4.14056 5.03383 21 3.39956 3.60354 4.43040 5.43654 22 3.81975 4.74053 5.87146 23 4.04893 5.07237 6.34118 24 6.84848 25 4.29187 5.42743 16 17 18 19 20 Periods 1 2 3 4 5 6 2.43640 2.56516 2.69955 2.82622 3.00124 3.18547 3.27841 3.51145 3.75886 3.80296 4.10840 4.43545 9 4.80683 5.23384 10 7 8 4.41144 H2SHS 11 12 13 15 16 8.13725 9.35762 10.74800 12.33030 14.12902 9.27646 10.76126 12.46768 14.42646 16.67225 17 12.37545 14.46251 16.87895 19.67325 18 14.23177 16.77652 19.74838 23.21444 19 16.36654 19.46076 23.10560 27.39303 20 8.94917 10.80385 13.02109 15.66758 18.82152 22.57448 27.03355 32.32378 21 9.93357 12.10031 14.71383 17.86104 21.64475 26.18640 31.62925 38.14206 22 11.02627 13.55235 16.62663 20.36158 24.89146 30.37622 37.00623 45.00763 23 12.23916 15.17863 18.78809 23.21221 28.62518 35.23642 43.29729 53.10901 24 13.58546 17.00006 21.23054 26.46192 32.91895 40.87424 50.65783 62.66863 25 The values in Table 11-1 were generated by the formula FV = (1 + i)" rounded to five decimal places, where i is the interest rate per period and n is the total number of periods.

  • Expert Answer

1 Principle P 22 000 Time n 18 Years Rate r 5 or 0 05 Compounded Annually Compounded Amount Compou View the full answer


answer-question
Related Book For  answer-question
Algebra And Trigonometry Graphs And Models

Algebra And Trigonometry Graphs And Models

ISBN: 9780134179049

6th Edition

Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna

See More Books
Post a Question and Get Help

Cannot find your solution?

Post a FREE question now and get an answer within minutes*.

*Average response time.
Posted Date: May 06, 2023 14:24:41
See More Questions

Students also viewed these finance questions

Q:
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
A:
1040 of the sury Internal Reverse Service For the year Jan 1 Dec 31 2012 or other tax your beginning Your first name and initial Ivan 1 If a joint return spouse s first name and initial Incisor Irene......
Q:
In this chapter and in all succeeding work throughout the course, unless instructed otherwise, use the following rates, ceiling, and maximum taxes. 1. Carry the hourly rate and the overtime rate to 3...
A:
Employee Annual Salary OASDI Taxable OASDI Tax HI HI Tax Wages Ta......
Q:
For each of the following loan terms, calculate the amount of interest as directed in the question: A. Calculate the annual interest that will be paid on a $14,000, 4%, loan. Enter the interest rate...
A:
Amortization Table Payment date Unpaid Balance at the Beginning of Month......
Q:
Find the limit L. Then use the - definition to prove that the limit is L. lim x4 x
A:
ANSWER First we can evaluate the limit by direct substitution lim......
Q:
Using the data on the student data set for problem 8.4, create the project schedule in MS Project. Be sure to use both the predecessor relationships and the resource assignments. Use a split screen...
A:
Gantt Chart Resource Graph WBS Task Name 0 1 2 1 1 1 2 1 3 SUNNO 4 7 92 4 3 10 11 3 1 12 3 2 13 3 3......
Q:
a. An ideal diode blocks the flow of current in the direction opposite that of the diodes arrow symbol. It can be used to make a half-wave rectifier as shown in Figure P27a. For the ideal diode, the...
A:
a code......
Q:
Given CIIs Mission Statement, describe what should be in the service package if it is consistent with the companys emphasized competitive priorities.
A:
The service package offered b......
Q:
Ayer Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Ayer aggregates all operating costs of $...
A:
1 Output unit......
Q:
A successful mentor is not just an advisor, but a role model, guide and colleague. Here's how to make the most of this important role. By Chris Palmer https://www.apa.org/monitor/2019/01/cover-mentor...
A:
The article titled A Successful Mentor More Than Just an Advisor by Chris Palmer delves into the multifaceted role of mentors in academia primarily focusing on psychology It emphasizes the importance......
Q:
The Case of the Unidentified Industries: Try to match the 14firms operating in the 14 industries named below with the 14 sets of financial data presented in Exhibit 1. MIHIR A. DESAI WILLIAM E....
A:
Click to View...
Q:
Describe a simple project consisting of 10 activities with prerequistes and activity times then visualize it as an AOA or AON network diagram. answer the following questions, A. What is the expected...
A:
SOLUTION Quiz 1 Our project A Simple Project is made up of 10 activities with prerequisites and acti......
Q:
Evaluate the following integrals -1 (a) [ 3t sin(2t ) dt, (b) J 1+2x 2 (0)/2 + (0) /oot (9) du, co d u - 5u+6 dx
A:
Click to View...
Q:
A 60Hz, 500MVA mathcal 22kV Y connected, solidly grounded generator is operating at rated voltage at no load. The generator is disconnected from the rest of the system. Its reactances are X^ prime...
A:
Click to View...
Q:
For y = f(x) = 2x - 7, x = 4, and Ax = 2 find a) Ay for the given x and Ax values, b) dy = f'(x)dx, c) dy for the given x and Ax values. a) Ay= (Round to four decimal places as needed.) b) dy =...
A:
6 a 6 y f x 7x 2 sy fcw f x Now d......
Q:
Prepare the following lists using list comprehension: Square roots of the numbers 1, 2, 3, ..., 100. Cosines of a 100 numbers spaced equally in the range [0, 3]. You need to import the module math...
A:
Square roots of the numbers 1 to 100 import math square......
Q:
1. Ocean Levels Assuming the ocean's level is currently rising at about 1.5 millimeters per year, write a program that displays: The number of millimeters higher than the current level that the...
A:
Click to View...
Q:
(a) In a sample of 20,000 atoms, if 400 decay in 8 seconds, what is the radioactivity, measured in mCi, of the sample? (b) In order to produce a level of radioactivity of 1mCi, how many nuclei of 99m...
A:
Click to View...
Q:
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
A:
One would compute the Profitability index for each o......
Q:
What are some of the typical challenges project teams face during each of the five process groups?
A:
Suggestions might include setting priorities durin......
Q:
What are some of the things organizations and leaders can do to reduce diversity bias faced by minorities and women in the workplace?
A:
Leaders of organizations need to proactively support and articulate the very......
Q:
What is return on investment? What are some of the types of measures for return on investment? Why is the following ratio preferred? Why is the interest multiplied by (1 TaxRate)? Net Income Before...
A:
Return on investment is a profitability measure comparing income to capital utilized......
Q:
An arm ABC lying in a horizontal plane and supported at A (see figure) is made of two identical solid steel bars AB and BC welded together at a right angle. Each bar is 20 in. long. Knowing that the...
A:
L length of AB and BC d diameter of AB and BC A cross......
Q:
Explain how a vertex u of a directed graph can end up in a depth-first tree containing only u, even though u has both incoming and outgoing edges in G.
A:
Let us consider the example graph and depth fi......
Q:
Search online for advances in AI expected over the next 5 years. Which advances are the most helpful for society, and which the most concerning?
A:
Some examples might include......
Q:
In which type of situation is a level aggregate plan more effective in general and what are the advantages for Airbus to use this strategy?
A:
A level aggregate plan is more effective when inventory and or backorders can be used to de......
Q:
Silicon Optics has supplied the following data for use in its activity-based costing system: During the year, Silicon Optics completed an order for a special optical switch for a new customer, Indus...
A:
1 First stage allocations of overhead costs to the activity cost pools Distribution of Resource Cons......
Q:
Watch the TED Talk video by Julian Treasure. Pick one of the 5 ways he suggests to listen better and try it out for three days. Then reflect on the results. What impact did the process have on your...
A:
Improving listening skills is indeed a valuable endeavor Julian Treasure s 5 Ways to Listen Better likely includes methods like active listening empat......
Q:
The S Company produces and sells two product lines with the following budgeted revenues and expenses: X Y Expected total industry sales (units). Expected Siobhan Company sales (units) Budgeted...
A:
Revenue variances are used to measure the difference between expected and actual sales This information is needed to determine the success of an organ......
Q:
Discuss the steps of the inventing procedure commonly followed by inventors.
A:
Explanation Step 1 Conceptualization and Documentation of the invention Once your invention has been conceptualized pass it all on referenced documents and drawings You must mention all the informatio......
Q:
1. Smith, an unemployed engineer who recently received certification as an engineerintern from the State Board of Registration for Engineers and Land Surveyors, was seeking employment with a...
A:
Until the candidate accepts an offer letter it is non binding This means one can change the terms or......
Q:
Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit $ 63 Helmets $ 59 41 Bats 34 81 113 Shoes 55 100 104 Uniforms 59 45 45 Compute the lower...
A:
Per Unit Total Product Units Cost Market Cos......
Q:
The legislature in a state has 41 seats. Apportion these seats to the five counties below using Hamilton's method. County Population Seats Received Adams 241,000 Grant 194,000 Colton 98,000 Davis...
A:
The Hamilton s method Country Population QuotRat Adam......
Q:
1. For the structure shown in FIGURE 1 below, each element has a cross sectional area, A = 0.001 m, and modules of elasticity, E = 109 Pa. The structure is discretized into five elements. The 10 kN...
A:
Answer The solution is provided in the images be......
Q:
9. The sales values below will be used to forecast in parts A and B below. November: 22 A. Forecast for April using the nave approach (with trend). December: 24 January: 26 February: 29 March: 32...
A:
Given November Nov 22 December Dec 24 January Jan 26 February Feb 29 March Mar 32 Calculate the fore......
Q:
Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Time (days) Interest Method Maturity Value (in $) Principal $3,400...
A:
If an amount of money P the principal is invested for a period of t years at an annu......
Q:
11. Use the Change of Base Formula and a calculator to evaluate the logarithm, correct to six decimal places. Use either natural or common logarithms. log (6) Method 1: Use Change of Base Formula...
A:
4 Ans Here 9 hence 5 Applying log ba loga logcb log6534......
Q:
A 11.65% coupon bond with 7 years to maturity yields 14.25%. What is the bond's price one year from today if the yield to maturity is 15.65%?
A:
Click to View...
Q:
7 A 29-year-old, previously healthy man suddenly collapses at a party where legal and illicit drugs are being used. Enroute to the hospital, he requires resuscitation with defibrillation to establish...
A:
Click to View...
Q:
In an attempt to prepare propylbenzene, a chemist alkylated benzene with 1-chloropropane and aluminum chloride. However, two isomeric hydrocarbons were obtained in a ratio of 2:1, the desired...
A:
The major product is isopropylbenzene CHCHCHCI Benzene 1 Chloropropane AICI H CH CH CH CI AICI CHCH......
Q:
In an attempt to improve operating efficiency, one employee was made responsible for all purchasing, receiving, and storing of supplies. Is this organizational change wise from an internal control...
A:
No the organizational change is not wise because the c......
Q:
In an attempt to better understand SKIs cash position, Barnes developed a cash budget. Data for the first 2 months of the year are shown below. (Note that Barnes preliminary cash budget does not...
A:
SKI S CASH BUDGET FOR JANUARY AND FEBRUARY Sales 1 Sales Gross Collections Purchases 6 0 85 Forecas......
Q:
Power Company acquired 80 percent of Solar Company's outstanding common stock for $200,000 cash on January 2, 2021. The two companies continued to operate as separate entities after the combination....
A:
Past a Answer to In consolidation on its Faia valve consolidated them 50 into it Journal Entay 2 we because amd Cash all Receivables a c Inventory all Land All Building all Good Write 2 will aquize th......
Q:
Describe the respiratory membrane.
A:
The respiratory membrane consists of at least two thickn......
Q:
What is meant by the statement, weathering combines the processes of destruction and synthesis? Give an example of these two processes in the weathering of a primary mineral.
A:
Weathering of rock can occur by physical breakdown on rock into smaller particles and mineral matter......
Q:
For each of the following lists of premises, derive the conclusion and supply the justification for it. There is only one possible answer for each problem.
A:
Click to View...
Q:
The balance sheet of Pixelize Inc., a photographic supplies distributor, as of May 31 is given below: Pixelize Inc. has not budgeted previously, so it is limiting its master budget planning horizon...
A:
The balance sheet of Pixelize Inc 1 Schedule of cash receipts Cash sales x June 60 000 Collections o......
Q:
Watch the movie: The Devil Wears Prada and please Answer the following questions: 1. Either add VERBATIM dialogue or audio/video clippings from the movie to support your conclusions. 2. Explain how...
A:
1 Either add VERBATIM dialogue or audio video clippings from the movie to support your conclusions The Devil Wears Prada is a film that revolves around the fashion industry and the dynamics within a h......
Q:
Imagine you are the marketing manager who is planning to run a coupon campaign for your product. Your staff prepared the following table of information for you to review. Using this information,...
A:
To calculate the percentage of incremental sales to buyers that would not have purchased in the abse......
Q:
On 1 July 2020 P Ltd purchased 100% of the issued capital of S Ltd for a purchase price of $840,000. At that date, the shareholders equity of S Ltd disclosed: Share capital $122,000 General reserve...
A:
The cost of goods sold for P Ltd is calculated by subtracting......
Q:
The structural formulas and relevant pKa values for the four components of an Excedrin tablet are shown. (The protonated form of the boxed group is shown.) A. Predict the migration order in capillary...
A:
B To confirm predicted elution order we have to use capillary zone electrophoresis technique which i......
Q:
Jitrah Sdn Bhd is a Malaysia tax resident company. Jitrah is registered under sales tax. Jitrah import taxable goods for RM450,000 from Brunei to use in its business on 5.04.2020, The import duty is...
A:
b i sales tax payable by jitrah sdn bhd for imported goods Purchase price RM 450000 Tax......
Q:
Suppose two young people graduate from high school. One start working immediately and earns $1500 per month. The other continues his education for 7 years to train as a physician, costing him $18,000...
A:
Let s start by calculating the total cost of education for the second student The cost is 18 000 per......
Q:
Two-dimensional array operations: Movie Ratings program ** You have recently collected reviews from four movie reviewers where the reviewers are numbered 1-4. Each reviewer has rated six movies where...
A:
Click to View...
Q:
PID Temperature Controller for a Heating System Objective: Design and analyze a PID controller to maintain a constant temperature in a heating system. Project Steps: 1) System Selection and Modeling:...
A:
It seems like you have a clear outline for your project on designing and analyzing a PID temperature controller for a heating system I can provide you......
Q:
Malkom Ray Corporation Balance Sheet for December 31, 20x8 and 20x9 20x9 20x8 Cash and Marketable Securities $ 10,000 $ 9,000 Account Receivables 16,000 12,500 Inventories 45,500 29,000 Total Current...
A:
Let s break down the calculations and analysis step by step 1 Change in Net Working Capital NWC between 20x8 and 20x9 Net Working Capital NWC is calculated as Current Assets minus Current Liabilities......
Q:
Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.1%.) Assets Current Assets Property, plant, and equipment (net) Other assets...
A:
Condensed Balance Sheet May 31 in millions 2022 2021 Increase Decrease Percentage......
Q:
You have been hired as the head of Corporate Social Responsibility at a fast-growing local company. The board of directors are keen to report on their social and environmental impact under the...
A:
Solution First we will discuss about these 5 frameworks 1 The Global Reporting Initiative GRI Th......
Q:
Consider the function f and its graph. a. Estimate the zeros of the area function b. Estimate the points (if any) at which A has a local maximum or minimum. c. Sketch a graph of A, for 0 x 10,...
A:
Click to View...
Physics Fundamentals 2nd Edition - ISBN: 0971313458 - Free Book