Question:
Use Table FA-1 (in Exhibit B-2) and Table FA-2 (in Exhibit B-4) to determine the future amounts of the following investments.
Table FA-1
Table FA-2
a. $60,000 is invested for 10 years, at 6 percent interest, compounded annually.
b. $240,000 is to be received five years from today, at 10 percent annual interest.
c. $20,000 is invested in a fund at the end of each of the next 10 years, at 8 percent interest, compounded annually.
d. $80,000 is invested initially, plus $6,000 is invested annually at the end of each of the next three years, at 12 percent interest, compounded annually.
Transcribed Image Text:
Future Value of $1 after n Perlods Interest Rate Number of Periods (n) 11% 1 % 5% 6% 8% 10% 12% 15% 20% 1010 1.015 1.050 1.060 1.080 1.100 .120 150 1.200 020 1.030 1.103 1.124 1.166 1.210 1.2541.323 1.440 030 1.046 1.158 1.191 1.260 1.3311.4051.521 1.728 041 1.061 1.216 1.262 1.360 1.464 15741.749 2.074 051 1.077 1.276 1.338 1.469 1.6111.762 2.011 2.488 062 1.093 1.340 1.419 1.587 1.7721.974 2.313 2.986 072 1.110 1.407 1.504 1.7141.949 2.2112.660 3.583 083 1.126 1.477 1.594 1.851 2.144 2.476 3.059 4.300 094 1.143 1.551 1.689 1.999 2.358 2.773 3.518 5.160 1.105 1.161 1.629 1.791 2.159 2.594 3.106 4.046 6.192 1.220 1.347 2.653 3.207 4.661 6.7279.646 16.367 38.338 1.270 1.430 3.225 4.049 6.341 9.850 15.179 28.625 79.497 1.431 1.709 5.792 8.147 15.968 30.913 59.136 153.152 708.802 5 10 20 24 36 Future Amount of $1 Pald Perlodically for n Perlods Number Interest Rate of Periods | 196 1½% 5% 6% 8% 10% 12% 15% 20% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.015 2.050 2.060 2.080 2.100 2.120 2.150 2.200 3.640 4.060 4.091 4.3104.3754.506 4.641 4.779 4.9935.368 5.101 5.152 5.526 5.6375.867 6.105 6.353 6.7427.442 6.152 6.230 6.802 6.9757.336 7.716 8.115 8.7549.930 7.214 7.323 8.1428.394 8.923 9.487 10.089 11.06712.916 8.286 8.433 9.5499.897 10.637 11.436 12.300 13.72716.499 9.369 9.559 11.027 11.491 12.488 13.579 14.776 16.78620.799 0.462 10.703 12.578 13.181 14.487 15.937 17.549 20.304 25.959 20 22.019 23.124 33.066 36.786 45.762 57.275 72.052 102.444 186.688 26.974 28.634 44.502 50.816 66.765 88.497 118.155 184.168 392.484 43.077 47.276 95.836 119.121 187.102 299.127 484.463 1014.346 3539.009 3.030 3.045 3.153 3.184 3.246 3.310 3.37 4 3.473 4 5 9 10 24 36