You estimate that you can save $9,000 by selling your home yourself rather than using a real estate agent. What would be the future value of that amount if invested for five years at 6 percent? I need help to use appropriate factor(s) from the tables provided when it comes to rounding the time value factor to 3 decimal places and final answer to 2 decimal places. Future value= ???
You estimate that you can save $9,000 by selling your home yourself rather than using a real estate agent. What would be the future value of that amount if invested for five years at 6 percent? I need help to use appropriate factor(s) from the tables provided when it comes to rounding the time value factor to 3 decimal places and final answer to 2 decimal places. Future value= ???
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
You estimate that you can save $9,000 by selling your home yourself rather than using a real estate agent. What would be the
I need help to use appropriate factor(s) from the tables provided when it comes to rounding the time value factor to 3 decimal places and final answer to 2 decimal places.
Future value= ???
Transcribed Image Text:Exhibit 1-D Present Value of $1 Received at the End of Each Period for a Given Number of Time Periods (an Annuity)
Period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
40
50
Period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
40
50
1%
0.990
1.970
2.941
3.902
4.853
5.795
6.728
7.652
8.566
9.471
10.368
11.255
12.134
13.004
13.865
14.718
15.562
16.398
17.226
18.046
22.023
25.808
32.835
39.196
13%
0.885
1.668
2.361
2.974
3.517
3.998
4.423
4.799
5.132
5.426
5.687
5.918
6.122
6.302
6.462
6.604
6.729
6.840
6.938
7.025
7.330
7.496
7.634
7.675
lielm
alialia
2%
0.980
1.942
2.884
3.808
4.713
5.601
6.472
7.325
8.162
8.983
9.787
10.575
11.348
12.106
12.849
13.578
14.292
14.992
15.678
16.351
19.523
22.396
27.355
31.424
14%
0.877
1.647
2.322
2.914
3.433
3.889
4.288
4.639
4.946
5.216
5.453
5.660
5.842
6.002
6.142
6.265
6.373
6.467
6.550
6.623
6.873
7.003
7.105
7.133
—
3%
0.971
1.913
2.829
3.717
4.580
5.417
6.230
7.020
7.786
8.530
9.253
9.954
10.635
11.296
11.938
12.561
13.166
13.754
14.324
14.877
17.413
19.600
23.115
25.730
15%
0.870
1.626
2.283
2.855
3.352
3.784
4.160
4.487
4.772
5.019
5.234
5.421
5.583
5.724
5.847
5.954
6.047
6.128
6.198
6.259
6.464
6.566
6.642
6.661
lal
4%
0.962
1.886
2.775
3.630
4.452
5.242
6.002
6.733
7.435
8.111
8.760
9.385
9.986
10.563
11.118
11.652
12.166
12.659
13.134
13.590
15.622
17.292
19.793
21.482
16%
0.862
1.605
2.246
2.798
3.274
3.685
4.039
4.344
4.607
4.833
5.029
5.197
5.342
5.468
5.575
5.668
5.749
5.818
5.877
5.929
6.097
6.177
6.233
6.246
5%
0.952
1.859
2.723
3.546
4.329
5.076
5.786
6.463
7.108
7.722
8.306
8.863
9.394
9.899
10.380
10.838
11.274
11.690
12.085
12.462
14.094
15.372
17.159
18.256
17%
0.855
1.585
2.210
2.743
3.199
3.589
3.922
4.207
4.451
4.659
4.836
4.988
5.118
5.229
5.324
5.405
5.475
5.534
5.584
5.628
5.766
5.829
5.871
5.880
holio
-
6%
0.943
1.833
2.673
3.465
4.212
4.917
5.582
6.210
6.802
7.360
7.887
8.384
8.853
9.295
9.712
10.106
10.477
10.828
11.158
11.470
12.783
13.765
15.046
15.762
18%
0.847
1.566
2.174
2.690
3.127
3.498
3.812
4.078
4.303
4.494
4.656
4.793
4.910
5.008
5.092
5.162
5.222
5.273
5.316
5.353
5.467
5.517
5.548
5.554
7%
0.935
1.808
2.624
3.387
4.100
4.767
5.389
5.971
6.515
7.024
7.499
7.943
8.358
8.745
9.108
9.447
9.763
10.059
10.336
10.594
11.654
12.409
13.332
13.801
19%
0.840
1.547
2.140
2.639
3.058
3.410
3.706
3.954
4.163
4.339
4.486
4.611
4.715
4.802
4.876
4.938
4.990
5.033
5.070
5.101
5.195
5.235
5.258
5.262
20%
0.833
1.528
2.106
2.589
2.991
3.326
3.605
3.837
4.031
4.192
4.327
4.439
4.533
4.611
4.675
4.730
4.775
4.812
4.843
4.870
4.948
4.979
4.997
4.999
8%
0.926
1.783
2.577
3.312
3.993
4.623
5.206
5.747
6.247
6.710
7.139
7.536
7.904
8.244
8.559
8.851
9.122
9.372
9.604
9.818
10.675
11.258
11.925
12.233
▬▬▬
25%
0.800
1.440
1.952
2.362
2.689
2.951
3.161
3.329
3.463
3.571
3.656
3.725
3.780
3.824
3.859
3.887
3.910
3.928
3.942
3.954
3.985
3.995
3.999
4.000
9%
0.917
1.759
2.531
3.240
3.890
4.486
5.033
5.535
5.995
6.418
6.805
7.161
7.487
7.786
8.061
8.313
8.544
8.756
8.950
9.129
9.823
10.274
10.757
10.962
+
▬▬▬▬▬▬▬
30%
0.769
1.361
1.816
2.166
2.436
2.643
2.802
2.925
3.019
3.092
3.147
3.190
3.223
3.249
3.268
3.283
3.295
3.304
3.311
3.316
3.329
3.332
3.333
3.333
10%
0.909
1.736
2.487
3.170
3.791
4.355
4.868
5.335
5.759
6.145
6.495
6.814
7.103
7.367
7.606
7.824
8.022
8.201
8.365
8.514
9.077
9.427
9.779
9.915
35%
0.741
1.289
1.696
1.997
2.220
2.385
Chels
2.508
2.598
2.665
2.715
2.752
2.779
2.799
2.814
2.825
2.834
2.840
2.844
2.848
2.850
2.856
2.857
2.857
2.857
11%
0.901
1.713
2.444
3.102
3.696
4.231
4.712
5.146
5.537
5.889
6.207
6.492
6.750
6.982
7.191
7.379
7.549
7.702
7.839
7.963
8.422
8.694
8.951
9.042
▬▬▬
▬▬▬▬▬▬▬
40%
0.714
1.224
1.589
1.849
2.035
2.168
2.263
2.331
2.379
2.414
2.438
2.456
2.469
2.478
2.484
2.489
2.492
2.494
2.496
2.497
2.499
2.500
2.500
2.500
L
12%
0.893
1.690
2.402
3.037
3.605
4.111
4.564
4.968
5.328
5.650
5.938
6.194
6.424
6.628
6.811
6.974
7.120
7.250
7.366
7.469
7.843
8.055
8.244
8.304
50%
0.667
1.111
1.407
1.
1.737
1.824
1.883
1.922
1.948
1.965
1.977
1.985
1.990
1.993
1.995
1.997
1.998
1.999
1.999
1.999
+6
2.000
2.000
2.000
2.000
Transcribed Image Text: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)
1%
1.000
2.010
3%
1.000
2.030
4%
1.000
2.040
5%
1.000
2.050
3.030
3.091
3.122
3.153
4.060
4.184
4.246
4.310
5.309
5.416
5.526
6.633
6.802
7.898
8.142
9.214
10.583
12.006
9.549
11.027
12.578
14.207
15.917
13.486
15.026
16.627
17.713
18.292
19.599
21.579
23.657
20.024
21.825
23.698
25.645
25.840
28.132
27.671
30.539
29.778
33.066
41.646
47.727
56.085
66.439
95.026
152.667
Period
1
2
3
4
5
6
7
8
9
10
11
12
13
4561
17
18
19
20
25
30
40
50
Period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
40
50
5.101
6.152
7.214
8.286
9.369
10.462
11.567
12.683
13.809
14.947
16.097
17.258
18.430
19.615
20.811
22.019
28.243
34.785
48.886
64.463
2%
1.000
2.020
3.060
4.122
5.204
6.308
7.434
8.583
9.755
10.950
12.169
13.412
14.680
15.974
17.293
18.639
20.012
21.412
22.841
24.297
32.030
40.568
60.402
84.579
6.468
7.662
8.892
10.159
11.464
12.808
14.192
15.618
17.086
18.599
20.157
21.762
23.414
25.117
26.870
36.459
47.575
75.401
112.797
14%
1.000
2.140
3.440
4.921
6.610
8.536
10.730
13.233
120.800
209.348
15%
1.000
2.150
3.473
4.993
T
6.742
8.754
11.067
13.727
16.786
20.304
6%
1.000
2.060
3.184
4.375
5.637
6.975
8.394
9.897
11.491
13.181
14.972
16.870
18.882
21.015
23.276
25.673
28.213
30.906
33.760
36.786
54.865
79.058
154.762
290.336
12%
1.000
13%
1.000
17%
1.000
18%
1.000
2.120
2.130
2.170
2.180
3.374
3.407
3.539
3.572
4.779
4.850
5.141
5.215
6.353
6.480
7.014
7.154
8.115
8.323
9.207
9.442
10.089
10.405
11.772
12.142
12.523
12.300
12.757
14.773
15.327
15.902
14.776
15.416
16.085
18.285
19.086
19.923
17.549
18.420
19.337
22.393
23.521
24.709
20.655
21.814
23.045
24.349
27.200
28.755
30.404
24.133
25.650
27.271
29.002
32.824
34.931
37.180
28.029
29.985
32.089
34.352
39.404
42.219
45.244
32.393
34.883
37.581
40.505
43.672
47.103
50.818
54.841
37.280
40.417
43.842
47.580
51.660
56.110
60.965
66.261
42.753
46.672
50.980
55.717
60.925
66.649
72.939
79.850
48.884
53.739
59.118
65.075
71.673
78.979
87.068
96.022
55.750
61.725
68.394
75.836
84.141
93.406
103.740
115.266
63.440
70.749
78.969
88.212
98.603
110.285
123.414
138.166
72.052
80.947
91.025
102.444
115.380
130.033
146.628
165.418
133.334
155.620
181.871
212.793
249.214
402.042
292.105
342.603
241.333
293.199
356.787
434.745
530.312
647.439
790.948
966.712
767.091 1,013.704 1,342.025 1,779.090 2,360.757 3,134.522 4,163.213 5,529.829
2,400.018 3,459.507 4,994.521 7,217.716 10,435.649 15,089.502 21,813.094 31,515.340
16%
1.000
2.160
3.506
5.066
6.877
8.977
11.414
14.240
17.519
21.321
25.733
30.850
36.786
7%
8%
9%
10%
1.000
1.000
2.070
1.000
2.090
2.100
1.000
2.080
3.246
4.506
3.215
3.278
3.310
4.641
4.440
4.573
5.751
5.867
5.985
6.105
7.716
7.153
9.487
11.436
13.579
8.654
10.260
11.978
13.816
15.784
17.888
20.141
22.550
7.336
8.923
10.637
12.488
14.487
16.645
18.977
21.495
24.215
27.152
30.324
7.523
9.200
11.028
13.021
15.193
17.560
20.141
22.953
26.019
29.361
33.003
36.974
15.937
18.531
21.384
24.523
27.975
31.772
35.950
40.545
45.599
25.129
27.888
30.840
33.750
33.999
37.450
37.379
40.995
41.301
41.446
46.018
51.159
45.762 51.160 57.275
63.249
73.106
84.701
98.347
94.461 113.283 136.308 164.494
199.635 259.057 337.882 442.593
406.529 573.770 815.084 1,163.909
19%
1.000
2.190
3.606
5.291
7.297
9.683
11%
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
114.413
199.021
581.826
1,668.771
20%
1.000
2.200
3.640
5.368
7.442
9.930
12.916
16.499
20.799
25.959
32.150
39.581
48.497
59.196
72.035
87.442
105.931
128.117
154.740
186.688
471.981
25%
1.000
2.250
3.813
5.766
8.207
11.259
15.073
19.842
25.802
33.253
42.566
54.208
68.760
86.949
109.687
138.109
173.636
218.045
273.556
342.945
30%
1.000
2.300
3.990
6.187
9.043
12.756
17.583
23.858
32.015
42.619
56.405
74.327
97.625
127.913
167.286
218.472
285.014
371.518
483.973
630.165
2,348.803
8,729.985
1,054.791
1,181.882
3,227.174
7,343.858 30,088.655 120,392.883
45,497.191 280,255.693 1,659,760.743
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