* question 2 - justanswerweek+5… · · 2015-06-146/14^15 question 2 print by: raymond trudeau...

6/14^15 Q u e s t i o n 2

Print by: RAYMOND TRUDEAU ACC/421 - 4 8 7 7 6 0 1 5 / Week 5 Assignment

* Question 2 Alan Jacl<son invests $ 2 0 , 0 0 0 at 8 % annua l in terest , leaving t h e m o n e y invested w i t h o u t w i t hd raw ing any of t h e in teres t for 8 years. A t t h e end of t h e 8 years, Alan w i thd raws t h e accumu la ted a m o u n t of money .

Compute t h e a m o u n t Alan wou ld w i thd raw assuming t h e i n ve s tmen t earns s imple in teres t . (Round answers to 0 decimal places, e.g. 458,581.)

Tota l w i t hd r awn ^

(Use t h e table below.)

T A E a f S - l R m W E Y A i U E O f l

m m 10% n% 12% 15% PencKfs 1,08000 1.09000 1.10000 111000 1.12000 1 1.10840 1.l8«t0 1.21000 1.23210 1.2S440 1.32260 2 1 2 6 8 7 1 133100 1-W63 t.m*m 1.S?088 3 1.36049 1.41 i S f i 1.4i&»l0 i.sia)7 1.S73S2 1.74901 4 1.46933 1.53882 1.61051 1 66508 1.76834 2 Si 136 5

1JSMB7 1.67710 1.771S6 1.87041 1.973IB 2-31306 6 1 . 7 1 ^ 1.S4S72 207616 2 .21068 2.^002 7 ijsoas 2.t43&9 2.,47S96 6 %meoa 2.5sm 2 . 7 ^ 8 361788 9 2-15892 2.3«736 2-M374 2.8^42 3.10686 4.94se 10

23Hi6A 2Mim 2.e312 3.1 Si 78 3.478^ 11 2 X 1 8 1 7 2J1267 3.13843 3.4964S 3.8a&96 5.35026 12 2.71962 3.06581 3.4S227 3 . m 2 8 4.36349 6.15278 13 2.S3713 3.34)73 3.797S0 4.3KM4 4.6c7l 1 7.07S71 t 4 3.17217 2.6424S 4.1772S 4.7S459 5.47357 a t 3 R 3 6 I S

3.S7031 *Mt»7 S.31080 6,1 ;»3® t « 4.32763 6.86604 10.76126 17 4.7t7l2 s.ssim 6.54356 7.68997 1237546 18

4J1S70 • i M i e e 6.11581 756334 8.61276 14^3177 19 4 ;eai»6 6.72750 806231 a.64629 16.^664 20

S.0338» s.ioeei 8,S«S17 itymmm ie«»iE2 21 S 4 3 f i 6 4 8.1<^8 9.M357 12.10031 21.64475 2 2 &.8714S 7 i S ^ 7 a.9&430 1 1 . « » 7 13.552^ 24.89146 23 $.^118 7.S1106 9.,M973 1 2.M16 15.17^ 28 .»S18 24 e « ^ 7 8.S2306 10.83471 13.S8S46 17,00000 3 2 - d i ^ 25

739635 9 ^ 1 6 11.S1818 I5„079as 19.04007 .37,SS«) 26 7Jm06 10.24508 13.109^9 16.7366S 43.53532 27 »J62711 n.i«7i4 14,420!SW 18S7990 50.08^1 2 8 9 J 1 7 2 7 12.17218 lS.Ma09 20«E369 2«.74«3 57,57546 2 9 10.0K66 13.26768 i7 .4.mo 22.^30 66.21177 3 0

10JS767 14.46177 19.19434 2S.4104S 33.SS611 76„14%4 31 11 . 7 3 ^ 8 2111378 37.S«t73 87iK87 32

17.182(J3 23J22S1S 3130821 4 2.l»1^ 100-69963 33 t3.«90l3 tS.72841 2S.S4767 34.75212 47.142S2 115.804SO 34 t 4 J S S 3 4 2041397 28.10844 38.57485 S2.798€e 133.17^ 35

1S.96817 2 2 ^ * 2 3 30-9l2«e 42,.eiS06 59,1^57 1S3-151SS 3 6 •umm 47.S2807 «6.23184 176.12*63 37

2 d . 4 3 e 6 8 37.40434 52.76616 74.17966 202-54. '?? 36 28.815^ 41.14479 58.559 34 83.W122 232.«?4S2 39

21.72452 31.40W2 4S.2«2e 65.0!»87 .9a.G6«7 267-86356 40

http://edugen.wUey . c o m / e d u g e r t ' s h a r e d / a s s i ^ i m e n t / t e s t / c g x ' i r t . u n i

C»jestton2

Compute t h e a m o u n t Alan wou ld w i t hd raw assuming t h e i n ve s tmen t earns in terest compounded annua l l y . (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Total w i t hd rawn ^


w t% 25S%

F¥F„, » {1 i f

m 4% m 8% 1 1 02500 i.mm i.mem 1 , » 0 « > 2 1-Q5«S %Mm 1 . 1 2 ^ . 3 1 « 1 2 1 1.07669 1 J « 7 3 1.12486 f.l57ffi 4 1.0K43 1.1 c m i i . i m i 1.1M6 i J t S S i s: 1.13141 l.tSilT 1.21865

« 1.1S969 i . i f t i a 1 . 4 1 ; ^ r 1 , 188» 125-SS7 1.3tM3 r.mm s t . < 7 t e 6 1.21840 1J26677 1.38SS7 t.47746 •i,mm a 1.248186 1.30477 1,42331 i - . s s m ^mm

i . 2 i a e 9 1.28008 1 , « 3 » 2 1,48024

I 5 « t 7 1.31209 1.38423 1.71«»4 If 1JW489 1 . 4 K 7 6 1 . 7 K 8 6 ta 1.3/8a1 1 . 4 « ^ u iM-m 1,4(297 1.51259 1.,731flS 1 . 9 ^ 3 • s 1.34S87 1.44830 1.55797 1.KXW4, zmem

1.484S1 1jBa47l I J f T ^ : i.msj 2 J 4 0 3 & t? %Am4 1,5216!? 1 . 8 ^ tmm i,m77

« i,ss9e« 1.7(K43 2 . M K 2.mK! 2.85434 1 . 5 9 6 ^ 1.75351 3 .02560

m 1.S2S62 i . s o e s i 2,19112 3JS714

n i j , i s e 7 1.67^ 1.8<ai29 2.27877 2 . 7 9 6 9 6 3,3MS6 ss 1.72157 1.9i6t0 2.36992 2,92626 3.«)3b4 23 ismo 1.76461 1.97359 2 .46472 3.07152 3.81975 2 4 t.S3844 1.89673 2.S«3<S 3.22S10 4.04893 2 5 I J ^ M 2 . ( m 7 8 ^&m* :imm 4.29167

1 ,,67342 i.mm ?.15S?;9 2.77247 3,SSSf7 4S4S58 f? 1,70M tmim 2 j 2 t a » sjmmr 3 73346 4S2235 m 1.74ltS isam 2.26793 2 . M 8 7 6 3 . « 0 l 9 5,11169 n 1.77584 lamt 2a5«S7 a i i a e s 411614 5,41639 m SMm 2.42726 4 . 3 2 l i 4 5.74349

3 1 1 j a 4 7 S » 2 . 15 » i 2.Si}m a3?9l3 4.mm 6.06610 3 2 1J8SS4 2 . 2^76 2.57S» 4 . 7 6 4 » 4 6.45339 m S2ms 2£mA 6 .00319 M 2Jlfi32 2.73191 3.78432 S,2<B.-Vi 7,25103 3S i . » » a 2 J 7 ^ l 2.8*386 7.6IKSUB

2 , j i 3 a ^ 2,43»« 2 . 8 « e « 5 , 7 t « 8 2 6.1472S 3 7 2.mm 2J>933£ 2.dS623 4.26809 S . » t 4 1 8.^889 a t 2 J S S ^ 3.07478 C 4 3 g e i a . l S 4 2 S m 2.18474 2.61967 3.16703 «.61«37

m 2J8M4 2.mm 3J262G4 4.«J102 7.1»iS

Compute t h e a m o u n t Alan wou ld w i t hd raw assuming t h e i n ve s tmen t earns in terest compounded semiannua l l y . (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Tota l w i t hd r awn *|

Question Attempts: 0 of 3 used

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W t p : / / e d u g e n . w i l e y . c o m / e A i g e n / s h a ' e d / a s s i g n r n a W t e s t / c | p r i r l u r »

©14/2015 Q u e s t i o n 3

Print by: RAYMOND TRUDEAU ACC/421 - 4 8 7 7 6 0 1 5 / Weel< 5 Assignment

* Question 3 Clarence Weatherspoon , a super sa lesman con temp la t i ng r e t i r emen t on his f i f t y - f i f th b i r thday , decides t o create a f u n d on an 8 % basis t h a t wi l l enable h im t o w i t hd raw $ 2 0 , 0 0 0 per year on June 30 , beg inn ing in 2 0 1 8 and con t inu ing t h r ough 2 0 2 1 . To develop th i s f u n d , Clarence in tends t o make equal con t r ibu t i ons on June 30 of each of t h e years 2 0 1 4 - 2 0 1 7 .


P f E S e « r i VAUJE OF A N O R Q I M A i W A N N U t r y O f 1

8% 10* 11% l2-¥, 1S% .91743 .mm Mmo .89266 .86957 1

1 7 8 3 » 1,7S911 1.73SS4 1 71252 1,69006 1-62,571 2 2.S7710 2.SS130 2 4 8 6 ^ 2.44371 240183 2 . m 2 3 3 3.31213 a 2 » 7 2 3.16986 3.lflB45 3X07% 2.^88 4 3.98^71 3.^966 3.7W79 3,^aj 3.80478 S . ^ 1 « 5

4 . e 2 2 « 4.4«92 4.3SS26 4.MJS4 4.11141 3.76448 6 4il6842 4.Tl2g} 4.5^76 7

&.7m* 5.mmt S.13493 5.14612 4.96764 4.4S732 8 5.99625 S.759D2 s,sa7os 63282S 4-77lSe 9

8.71006 6.41766 6,14457 5.^23 5,65022 5.01877 10

7.13896 6.80619 6.49S06 5.93770 6.23371 11 7.53608 7,16073 6.813«» 6,19437 6.420^ 12 7jgD978 7.48690 7.ia'm 6.74987 6 . 4 2 ^ 6 ,^15 13

77flBl§ 7,3«6i» «,.«187 «mM 6 72448 14 8 .55948 8 .00069 7.60606 719M7 6.81086 6.84737 I S

8.85137 a.3!2^ 7.82371 7.37tt6 6.973» S . » 4 2 4 16 9.12164 7,54«79 7 . 1 1 ^ 6.0*716 17 9.371^ 8,75563 820141 7.mm. 724« 7 6,127«7 18 9.60360 8.»12 8 36492 7,83929 7.36678 e,l9623 19 9.8181S 9 . m S 5 8.51356 7,96333 7,46944 6JJS933 20

10.01660 3.6481^ 8.07507 7.56200 6.312*6 21 10J0074 3.44243 8.77154 8,17574 7 ,04466 6-35666 22 10 37106 9-M021 8,SI322 8,26643 7.71843 6.38884 23 10S2876 898474 «jj!sai4 77843? 6-43377 2 4 10-67478 a«il258 9.07704 8.42174 7.S4314 6.4ft4l6 25

10.80998 9,92897 9.1609& 7jmm 6.4S0S6 26 10.93516 10.6^658 9^722 8.S4780 7.942SS 6.S13S3 27 11.05108 I0.tiei3 9,.W»fi.7 «.em« 7.96442 0.63361 28 11.15841 10.19828 9.^5961 8 . ^ 1 1 8.02181 6.55086 29 11J8S77S ioj7a«is 9.42691 8.e»79 6 5 6 5 ^ 30

I I J M M W 10.34280 9,47901 8.73315 8.08499 6.57911 31 11.43£n0 10.406P4 3,52638 8-76660 8.11159 6,59053 32 11.51389 10,46444 9,56943 a.mmi 8.135, 'i 6.S » 4 e 33 11.566^ 10.51784 9,60858 8.^932 6.15656 6,60910 34 11 66457 10.S6B82 9 . & t 4 t 6 8.17660 6.6*661 35

11.71719 10.61176 3,67661 8.0^59 8.19241 6.6^314 36 11.77518 10,«S?99 9.705«i 8.«9e3 8.20751 6.6^2 37 11.82887 9.7326S s.mssa S.22C99 6.S337S 38 11.87»» 10.7SS2 9.7S®7 8.t3S»7 62xm 6,83805 39 11.92461 10.7S7M 9,7790§ 8,«l05 8-24378 6.64178 40

How much m u s t t h e balance of t h e f und equal on June 3 0 , 2 0 1 7 , in order for Clarence Weatherspoon t o satisfy his object ive? (Round factor values to 5 decimal places, e.g.

(«p7/ e c l u g e n . w i l e y . c o m / e c k i g e n / s } w e d / a s s i g n m e r t / t e s t / q p r i n t u n i

®14«016 Q u e s t i o n 3

1.25124 and final answer to O decimal places, e.g. 458,581.)

Balance of t h e f u n d equal on June 30 , 2 0 1 7 ^


TUHL£«-3 n m W E VAUie OF AN ORS«iARY ANNimY OF 1

m m 9% 10% 11% 1 2 % 1 5 %

i.mm 1.^9000 1.«0«» l . ( » 0 O 0 1,00000 1 2.090E» 2.10000 2.1100O 2.12000 2,15000 2 3J7810 331000 3.34210 3.37440 3.472S0 3

4.S06lt 4.57313 4-64100 4.70973 4.779S3 4,99338 4 smtm SJ8471 6.1CK10 6227m 6.35285 6.74238 5

7.K334 7.71S61 7J1286 811S19 8,75374 6 9J20O44 9,48717 9.78327 10,08901 nooeflo 7

«.Ce647 11.8S943 t2.2«e9 13,72682 8 l3-tSl04 1 3 i i 7 9 « 14.16397 14.775W I6.7»sa4 9

uMm 15.19293 1S.»743 16.72201 l7iM»74 20.S)372 1Q

17.56029 18.53117 19.56143 20.i!«45e 24 34928 11 1897713 20.14072 21J8428 22.71319 24.1^13 29.00167 1 2 2149530 22.9&S39 24 £2271 26.21164 28.(^11 34.^192 13 2421492 26.01919 27J97498 30.09492 3239»» 40,50471 14 27,15211 2 » j a i Q f i e 31.77248 34.40536 3727972 47.58041 1 6

30.32428 33.aB40 .^.94973 ^.1^»»6 42,75328 56,71747 16 33.7S(B3 3657371 40-54470 4450064 48,8g»? ^.07509 17 37.45024 41.»134 46.59917 S0J9S93 55,74972 75,83e» lS 41.44626 461>ie46 5 l . i a 0 9 56.93349 63,43968 88.21181 19 45.76196 5 i , i w i 2 57^7500 72.US244 1(^,44358 20

S6.7&^ 64.M2S0 722^ 1 4 81.^74 118,81012 21 55.45676 62.87334 7 1^75 81^1431 «2.5ffiS8 137-^164 22 8aS9330 e a . - s s i a n 79.S4M2 §1.14788 184,60289 159,27638 23 6^76476 76-78961 88.49733 102.17415 n8.l5S24 164,16784 24 73.10S»4 9 6 ^ 4 ^ 114.41331 133.33387 212.7^02 2S

79.9S442 «je.18177 127.9»7r 150,33393 245.7119? 26 «Ce.733'.1 12100994 1*3-07864 169.37401 283,68877 27 • 112.9^ 13420994 139.81729 190,6^89 327.10408 28

m 9 ^ 4 124.13536 148.a»93 17839719 214 .5^5 37716969 29 113.2KC1 m.30754 184 49402 199.(^686 241 a w 8 434.74615 30

123.34S87 1^.S7S?2 181.94343 221.91317 2712«61 S00.9S692 31 134.2i;S4 164.03699 201.13777 ^47.3^362 »1.84772 677.1MJ46 3i2

I79fl««? 2225S1S4 276.52^2 3*2.42945 644.6^63 33 196.9^£}4 246^17670 306.83744 364.52098 7«S.3^35 3 4 215.71076 271.{K437 341.58966 431.66360 881 17016 35

197 10216 236.12472 3*9.12881 380.16441 484.46312 1014.3-U&88 36 203.07032 268.37595 330Cii»t9 422.«J49 543.5M69 1167.49753 37 220.31^ 364.04343 4A).S16S« 609A3053 1343.62216 38 236-9412? mosm 401-44778 S23 26673 684.0l(K0 1646.1^49 39 ^-(B6S2 337 88245 442.59256 581.^607 767,09142 177909031 40

Wha t are each of Clarence's cont r ibut ions t o t h e fund? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Clarence's con t r ibu t i ons t o t h e f und


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t t f t p : / / e d u g e n . w i l e y . c o m / e c l u g e n / s h a r e d / a s s i g n m e n t / t e s t / ( ^ l n t . u n i

314/2015 Q u e s t i o n 4

Print by: RAYMOND TRUDEAU ACC/421 - 4 8 7 7 6 0 1 5 / Weelt 5 Assignment

* Question 4 Using t i i e appropr iate in terest tab le , provide t h e so lut ion t o each of t h e fo l lowing four quest ions by c ompu t i ng t h e unknowns . (Use t h e tables below.)

m 1 0 % 11% 12% 15% m

1.00000 1.00000 1.00000 t.mem 1.00000 1 2.mm 2Mm 2 10000 2.1 tOOO 2.12000 2.15000 2

3Ji7*l6 J . i l 4 i 1 0 3.37440 3.,472SO 3 4S7313 4 64100 4.7W73 4.77M3 4.mm 4 S.9ft47l ii227m e.7423ft s

7.,^m- 7mm 7.71^1 1.1 lilt 1,76374 « smm 94fi7l7 9.78327 tO.M90l i i . o e « > ?

t 0 . J « » n.mm 1143S89 11.659 44; 13,72682 8

nm%m 13.57848 14.16387 t4J7Sm t«.73S84 9 t4.4S^ 1S.23743 1 « . 7 2 2 C t I7j4g?4 26 . a B 7 2 ft

t7£mm 18J3117 1»S6143 24,3*828 11 mxnn 21J8428 22.7l31t 24,13313 29.00167 12 21.495*5 22.9S3» 24.S^71 »£1164 mmm% 34.,361K 13 24.21« ».0lt*9 27.«?4» mmm ^,60471 14 27.1ffi11 m.mm 31.77248 37Jg7S72 47\mux IS

mMm 33.i^40 42.7S» f » , 71747 16 33.7SKS 36.97371 «3.S447a M.msm 48,88367 «i)7S» 17 3 7 . 4 5^4 41.30134 4SS«17 mmm SS.74S72 7S,8»38 It 4 1 . 4 4 ^ 46.01 S*6 S1.1^» S6J^4t 63.4»» «^l1i1 19

51.1M12 S7.2!7S00 64.2tB83 72.85244 20

S6.764S3 m.mfm 3 ^ 6 1 4 S1iM74 1l8.8rtl2 21 SS.^«76 « J 7 M 4 . 71.4(^75 81.21431 137.63164 22 mjmm »£3f94 7i ,S4aE i1.1478« 1S»J7«38 23

76,78«1 ffl,4»733 1C2.17415 11«.1S^4 184.16784 24 7 3.10W *t.7CXM0 ^ J 4 7 « 114.41331 133.3S»7 212,79302 2S

m 9 S 4 4 2 m..mm 109.18177 127.90677 1503^93 245.71197 26 a 7 - M 7 7 m.?nu 121 a W M i 4 a . e m t t®.374ai 2?

134.ffii94 1»J81729 t W « 8 « 3 2 7 . 1 « « 28

mmm m.twm l 7 S . . « 7 l t 2 t 4 . 5 « 7 S 377,1«8« 29 i « . 4 « « s e m.mm 241.33^ 434.74515 m

1 3J(4S87 1«8.67^ 191.SW343 221.91317 27l.2« e i 31 t34,5l» %m.mm »1.t3777 i47Xm; » 4 & I T 7 2 S77.1W46 32 i4S .asoK 222^154 275.52822 342.42945 644,6^63 33 i s s . i e e e ? 196.9^ 4 2MA7B7& 306,g37»4 3fel;.S2<»i 7 e S J f f i « 34 172J1«» 215.71676 271B2437 341.58^ 43ljSi6KS ««1,1?I>16 3 5

137.19215 ^ 1 2 4 7 2 299.12^1 382.16441 4£4.4SJ*2 1014.345^ 36 m M m mom^ 423.M2«» 1 1 ^ « 7 » 3 7

«j6St7S 3&«J54$43 4»S10S« 1343,62216 38 40144778 S23J«73 664 0 "220 1S46,.1«49 39

m.mm 337.^45 *42..5S«6 581.82607 767 ogre l779.aa)31 40

t ^ : / / e d u g m w i i ^ . c o n i / e d u 9 e n ^ s h a r e c i ^ s s i g n m e f 4 ^ t ^ i r t . u r ^

6/14/2015 Q u e s t i o n 4

m 9% 10* 11* 12* 15% P « r w d s

Mm .91743 . 9 0 9 3 9 .90090 .mem .8^7 1 * t i e « .81162 .79719 75614 2

m m .77218 .7tt3e .73119 ,71178 ,66752 3 .mm .70643 .66873 .earns .57175 4 m m .64993 esmst .^345 5 6 7 4 3 .49718 6

mmT .smr .66447 .6: 464 .5^ 6 3 .43233 6 .54703 .Sl3t« . 4 8 1 W .452^ .37594 7

M m .50187 .^1 .4{m@ .32690 8 jma .42410 Mm .36061 5 8 4 2 8 9

,mm .42241 mm .mm -24719 t o

.3S7S3 .35049 J i 7 2 e 5 6 7 4 8 5 1 4 9 4 11

.%§S4 .318*3 2 8 6 8 4 .18691 ! 2 jsms J 2 6 1 8 557S1 .16253 13 M m m s 3 5 3 1 9 9 Mm ,14133 14 M m i 7 4 S 4 50000 .ISSTQ .12289 1 5

m m 5 6 1 8 7 5 1 7 8 3 .16829 .16312 .10667 16 5 3 1 0 7 .197^ .leaes .14Sd4 .09293 17

m m 5 1 1 9 9 .17986 . 1 S ^ .1»0* .08081 18 .19449 ,16351 .137168 11611 .07027 19 .17843 ,148«. 12««3 ,10387 0 6 1 1 0 J »

.18370 .13513 .11174 ,09256 05313 2 1

.15018 .1^86 .10067 .08M4 .04620 2 2

.13778 .11168 .mm .mem .04017 2 3 m m .12641 ,10153 .mm .03493 2 4 .m& .11697 .0M30 .07361 . < m 3 6 3&

.iO(m . C m 9 t .06631 .05252 0 2 6 4 2 2 6

.09761 .05974 ,04689 .02297 27

.08966 .am* i % 3 « 2 ,04187 0 1 9 9 7 28

.06216 .mm .04649 mm -01737 29

mm .07537 .06731 ( H 3 « 8 .mm .01510 30

JSSSSS ,08915 .CS210 J039t3S .0^980 .01313 3 1 jomio .06344 .04736 .sm^ .01142 3 2 m m .06S2O .04306 X»194 .02376 0 0 9 9 3 33

i l K U O .03814 .02678 ,5H121 .00864 34. x M a g o i £ » 8 2 , 0 1 ^ .00751 36

MBSt .CH494 .(m3& .02335 .01691 . 0 0 6 6 3 m m m .04123 .(m4% i ! 2 l 0 4 i H 5 1 0 m m 37

JB783 .«674 0 1 8 9 6 , 0 0 4 a t 38 .03470 .«^430 mim ,00429 39

.34803 ,a3iS4 .01538 .01375 .!»373 48

h t t p : / / a c k j g m w i l « y . c o m / s d u g e i V s h a r e d / a s s i g r r r ) a n t A e s t ^ i n t . u n

6/14/2)15 Q u e s t i o n 4

T A n X 6 - 1 FUTUtE VALUE OF t

8 % iQ% 12% ip'i

tmm 1.09009 i.iWWt 1.11000 1,12«» 1.15000 1 1,lfifi4ft 1.18810 1.21000 153210 15S440 1.32250 2 12S9T1 1.2^03 1.33t00 1.36763 1,46*93 i.s oee 3 15^ 3 4 9 1.411S« 1 . 4 S 4 1 S 1.fi18e7 1.S73S2 1.74901 4 %Am33 1.5M62 tmsm 1,76234 2.01136 s

1.67710 1.7715(6 1.8S^1 1,9?3« 2 j i a ) e 6 1.71382 i.t2aa4 1.^72 2-07616 2510I66 2.«90Q£ 7 ijmm 199256 2 . 1 4 ^ 2 , 3 0 4 5 4 2,47596 3,05902 8 1.989e» 2.171^ 2.3S7« 2.55803 2,77306 XSl7i^ 9 2 1 5 ^ 2 .36736 2.SW74 2,83942 aiosds 4.04^ 10

2,33tSd 2,58043 286312 315176 3.47MS 4.66239 11 2.S1817 2J1267 3.1^3 3.4^(45 3.8^e SJSS25 12 2.7l9«e 3.0«S8l 3.4S22? 3.Me28 4.f16343 e.15279 13 293719 -3.-34f73 3 7»750 4.e87l-» 707571 14 3 . 1 7 2 1 7 3.64248 4.t772S 4.784S3 S . 4 7 ^ 8.13706 IS

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What is t h e a m o u n t of t h e paymen t s t h a t Ned Winslow m u s t make at t h e end of each of 8 years to accumu la te a f u n d of $ 9 0 , 0 0 0 by t h e end of t h e 8 t h year, if t h e f und earns 8 % interest , compounded annua l ly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

$ 1 I Robert Hitchcock is 4 0 years old today and he wishes t o accumu la te $ 5 0 0 , 0 0 0 by his 6 5 t h b i r thday so he can ret i re t o his s u m m e r place on Lake Hopatcong. He wishes t o accumu la te th i s a m o u n t by mak ing equal deposits on his 4 0 t h t h r ough his 5 4 t h b i r thdays. Wha t annua l deposit m u s t Robert m a k e if t h e f und wilt earn 1 2 % interest compounded annua l ly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

$ 1 I Diane Ross has $ 2 0 , 0 0 0 t o invest today at 9 % to pay a debt of $ 4 7 , 3 4 7 . How m a n y years wil l i t take her t o accumu la te enough t o l iquidate t h e debt?

h t t p y / e c k j g e a w i l e y . c o m / e c k i g e n / s h a r e d / a s s i g n m e r t / l e s t / q p r i n t . u r a

6/14/2015 Questian4

years

Cindy Houston has a $ 2 7 , 6 0 0 debt t h a t she wishes t o repay 4 years f r om today; she has $ 1 9 , 5 5 3 t h a t she in tends t o invest for t h e 4 years. W h a t ra te of in teres t wi l l she need t o earn annua l ly in order t o accumu la te enough t o pay t h e debt?

Rate of interest


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