Periods 111% 1% 11% 2% 3% 4% 5% 6% 7% 8% Periods 1 0.99502 2 0.99007 0.98030 3 0.98515 0.97059 4 0.98025 0.96098 0.94218 5 0.97537 0.95147 0.92826 0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340 0.97066 0.96117 0.94260 0.92456 0.90703 0.89000 0.95632 0.94232 0.91514 0.88900 0.86384 0.92385 0.88849 0.85480 0.82270 0.90573 0.86261 0.82193 0.78353 0.93458 0.92593 1 0.87344 0.85734 2 0.83962 0.81630 0.79383 3 0.79209 0.76290 0.73503 4 0.74726 0.71299 0.68058 5 6 0.97052 0.94205 0.91454 7 0.96569 0.93272 0.90103 8 0.96089 0.92348 0.88771 0.85349 9 0.95610 0.91434 0.87459 0.83676 0.76642 10 0.95135 0.90529 0.86167 0.82035 0.74409 0.88797 0.83748 0.79031 0.87056 0.81309 0.75992 0.78941 0.73069 0.70259 0.67556 11 0.94661 0.89632 12 0.94191 0.88745 13 0.93722 14 0.93256 15 0.92792 0.80426 0.83639 0.78849 0.87866 0.82403 0.77303 0.86996 0.81185 0.75788 0.86135 0.79985 0.84893 0.74301 0.74622 0.70496 0.66634 0.63017 0.71068 0.66506 0.62275 0.58349 0.67684 0.62741 0.64461 0.59190 0.61391 0.55839 0.72242 0.64958 0.58468 0.52679 0.70138 0.62460 0.55684 0.49697 0.68095 0.60057 0.53032 0.46884 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.58201 0.54027 0.54393 0.50025 0.50835 0.46319 10 67890 0.47509 0.42888 0.44401 0.39711 0.41496 0.36770 16 0.92330 0.85282 0.78803 0.72845 0.62317 0.53391 17 0.91871 0.84438 0.77639 0.71416 0.60502 0.51337 18 0.91414 19 0.90959 0.83602 0.82774 0.76491 0.70016 0.58739 0.49363 0.45811 0.39365 0.43630 0.37136 0.41552 0.35034 20 0.90506 0.81954 0.75361 0.74247 0.68643 0.57029 0.67297 0.55368 0.47464 0.45639 0.39573 0.33051 0.37689 0.31180 0.33873 0.29189 0.31657 0.27027 0.29586 0.25025 0.27651 0.23171 0.25842 0.21455 19 22222 21 23 24 25 0.90056 0.81143 0.73150 0.65978 0.53755 0.43883 0.89608 0.80340 0.72069 0.64684 0.52189 0.42196 0.89162 0.79544 0.71004 0.63416 0.50669 0.40573 0.88719 0.78757 0.69954 0.62172 0.49193 0.39012 0.88277 0.77977 0.68921 0.60953 0.47761 0.37512 0.35894 0.29416 0.24151 0.19866 0.34185 0.27751 0.22571 0.18394 0.32557 0.26180 0.21095 0.17032 0.31007 0.24698 0.19715 0.15770 0.29530 0.23300 0.18425 0.14602 21 12313 6782222222 14 15 16 17 18 20 23 24 25 Periods 9% 10% 0.91743 0.90909 2 0.84168 0.82645 3 0.77218 0.75131 4 0.70843 0.68301 11% 12% 0.90090 0.89286 0.81162 0.79719 0.78315 0.73119 0.71178 0.69305 0.65873 0.63552 13% 0.88496 14% 0.87719 15% 0.86957 0.76947 0.67497 0.61332 0.59208 5 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 16% 0.86207 0.75614 0.74316 0.65752 0.64066 0.57175 0.55229 0.49718 0.47611 17% 18% 0.85470 0.84746 0.73051 0.71818 0.62437 0.60863 0.53365 0.51579 0.45611 0.43711 Periods 1 2 3 4 5 6 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 7 0.54703 8 0.51316 0.50187 0.46651 0.48166 0.45235 0.42506 0.39964 0.43393 0.40388 0.37616 0.35056 9 10 0.46043 0.42241 0.38554 0.42410 0.39092 0.36061 0.33288 0.35218 0.32197 0.29459 0.30751 0.26974 0.43233 0.41044 0.38984 0.37043 0.37594 0.35383 0.32690 0.30503 0.28478 0.26604 0.28426 0.26295 0.24340 0.24718 0.22668 0.20804 0.33320 0.31393 0.22546 0.19106 10 67820 9 ⑆2315 11 0.38753 0.35049 0.35553 0.31863 0.32618 0.28966 14 0.29925 0.26333 0.27454 0.23939 0.31728 0.28748 0.26070 0.23662 0.28584 0.25668 0.23071 0.20756 0.25751 0.22917 0.20416 0.18207 0.23199 0.20462 0.18068 0.15971 0.20900 0.18270 0.15989 0.14010 0.21494 0.19542 0.17781 0.16192 0.18691 0.16846 0.15197 0.13722 0.16253 0.14523 0.12989 0.11629 0.14133 0.12520 0.11102 0.09855 0.12289 0.10793 0.09489 0.08352 ⑆2315 11 14 67822 22222 16 0.25187 0.21763 0.18829 0.16312 17 0.23107 0.19784 0.16963 0.14564 18 0.21199 0.17986 0.15282 19 20 0.17843 0.19449 0.16351 0.13768 0.14864 0.12403 0.14150 0.12289 0.12522 0.10780 0.13004 0.11081 0.09456 0.11611 0.09806 0.08295 0.10367 0.08678 0.07276 0.10686 0.09304 0.08110 0.07078 0.09293 0.08021 0.06932 0.05998 0.08081 0.06914 0.05925 0.05083 0.07027 0.05961 0.05064 0.04308 0.06110 0.05139 0.04328 0.03651 21 0.16370 0.13513 0.15018 0.12285 23 0.13778 0.11168 24 0.12640 0.10153 25 0.11597 0.09230 0.08170 0.07361 0.06588 0.05882 0.11174 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 0.10067 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 0.04710 0.03779 0.03038 0.02447 0.01974 0.01596 6782222222 16 17 18 19 20 21 23 24 25 Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Interest Rate (%) Compounded $38,000 6 years 4 semiannually +A Present Value Compound Interest $ +A
Periods 111% 1% 11% 2% 3% 4% 5% 6% 7% 8% Periods 1 0.99502 2 0.99007 0.98030 3 0.98515 0.97059 4 0.98025 0.96098 0.94218 5 0.97537 0.95147 0.92826 0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340 0.97066 0.96117 0.94260 0.92456 0.90703 0.89000 0.95632 0.94232 0.91514 0.88900 0.86384 0.92385 0.88849 0.85480 0.82270 0.90573 0.86261 0.82193 0.78353 0.93458 0.92593 1 0.87344 0.85734 2 0.83962 0.81630 0.79383 3 0.79209 0.76290 0.73503 4 0.74726 0.71299 0.68058 5 6 0.97052 0.94205 0.91454 7 0.96569 0.93272 0.90103 8 0.96089 0.92348 0.88771 0.85349 9 0.95610 0.91434 0.87459 0.83676 0.76642 10 0.95135 0.90529 0.86167 0.82035 0.74409 0.88797 0.83748 0.79031 0.87056 0.81309 0.75992 0.78941 0.73069 0.70259 0.67556 11 0.94661 0.89632 12 0.94191 0.88745 13 0.93722 14 0.93256 15 0.92792 0.80426 0.83639 0.78849 0.87866 0.82403 0.77303 0.86996 0.81185 0.75788 0.86135 0.79985 0.84893 0.74301 0.74622 0.70496 0.66634 0.63017 0.71068 0.66506 0.62275 0.58349 0.67684 0.62741 0.64461 0.59190 0.61391 0.55839 0.72242 0.64958 0.58468 0.52679 0.70138 0.62460 0.55684 0.49697 0.68095 0.60057 0.53032 0.46884 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.58201 0.54027 0.54393 0.50025 0.50835 0.46319 10 67890 0.47509 0.42888 0.44401 0.39711 0.41496 0.36770 16 0.92330 0.85282 0.78803 0.72845 0.62317 0.53391 17 0.91871 0.84438 0.77639 0.71416 0.60502 0.51337 18 0.91414 19 0.90959 0.83602 0.82774 0.76491 0.70016 0.58739 0.49363 0.45811 0.39365 0.43630 0.37136 0.41552 0.35034 20 0.90506 0.81954 0.75361 0.74247 0.68643 0.57029 0.67297 0.55368 0.47464 0.45639 0.39573 0.33051 0.37689 0.31180 0.33873 0.29189 0.31657 0.27027 0.29586 0.25025 0.27651 0.23171 0.25842 0.21455 19 22222 21 23 24 25 0.90056 0.81143 0.73150 0.65978 0.53755 0.43883 0.89608 0.80340 0.72069 0.64684 0.52189 0.42196 0.89162 0.79544 0.71004 0.63416 0.50669 0.40573 0.88719 0.78757 0.69954 0.62172 0.49193 0.39012 0.88277 0.77977 0.68921 0.60953 0.47761 0.37512 0.35894 0.29416 0.24151 0.19866 0.34185 0.27751 0.22571 0.18394 0.32557 0.26180 0.21095 0.17032 0.31007 0.24698 0.19715 0.15770 0.29530 0.23300 0.18425 0.14602 21 12313 6782222222 14 15 16 17 18 20 23 24 25 Periods 9% 10% 0.91743 0.90909 2 0.84168 0.82645 3 0.77218 0.75131 4 0.70843 0.68301 11% 12% 0.90090 0.89286 0.81162 0.79719 0.78315 0.73119 0.71178 0.69305 0.65873 0.63552 13% 0.88496 14% 0.87719 15% 0.86957 0.76947 0.67497 0.61332 0.59208 5 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 16% 0.86207 0.75614 0.74316 0.65752 0.64066 0.57175 0.55229 0.49718 0.47611 17% 18% 0.85470 0.84746 0.73051 0.71818 0.62437 0.60863 0.53365 0.51579 0.45611 0.43711 Periods 1 2 3 4 5 6 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 7 0.54703 8 0.51316 0.50187 0.46651 0.48166 0.45235 0.42506 0.39964 0.43393 0.40388 0.37616 0.35056 9 10 0.46043 0.42241 0.38554 0.42410 0.39092 0.36061 0.33288 0.35218 0.32197 0.29459 0.30751 0.26974 0.43233 0.41044 0.38984 0.37043 0.37594 0.35383 0.32690 0.30503 0.28478 0.26604 0.28426 0.26295 0.24340 0.24718 0.22668 0.20804 0.33320 0.31393 0.22546 0.19106 10 67820 9 ⑆2315 11 0.38753 0.35049 0.35553 0.31863 0.32618 0.28966 14 0.29925 0.26333 0.27454 0.23939 0.31728 0.28748 0.26070 0.23662 0.28584 0.25668 0.23071 0.20756 0.25751 0.22917 0.20416 0.18207 0.23199 0.20462 0.18068 0.15971 0.20900 0.18270 0.15989 0.14010 0.21494 0.19542 0.17781 0.16192 0.18691 0.16846 0.15197 0.13722 0.16253 0.14523 0.12989 0.11629 0.14133 0.12520 0.11102 0.09855 0.12289 0.10793 0.09489 0.08352 ⑆2315 11 14 67822 22222 16 0.25187 0.21763 0.18829 0.16312 17 0.23107 0.19784 0.16963 0.14564 18 0.21199 0.17986 0.15282 19 20 0.17843 0.19449 0.16351 0.13768 0.14864 0.12403 0.14150 0.12289 0.12522 0.10780 0.13004 0.11081 0.09456 0.11611 0.09806 0.08295 0.10367 0.08678 0.07276 0.10686 0.09304 0.08110 0.07078 0.09293 0.08021 0.06932 0.05998 0.08081 0.06914 0.05925 0.05083 0.07027 0.05961 0.05064 0.04308 0.06110 0.05139 0.04328 0.03651 21 0.16370 0.13513 0.15018 0.12285 23 0.13778 0.11168 24 0.12640 0.10153 25 0.11597 0.09230 0.08170 0.07361 0.06588 0.05882 0.11174 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 0.10067 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 0.04710 0.03779 0.03038 0.02447 0.01974 0.01596 6782222222 16 17 18 19 20 21 23 24 25 Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Interest Rate (%) Compounded $38,000 6 years 4 semiannually +A Present Value Compound Interest $ +A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Periods
111%
1%
11%
2%
3%
4%
5%
6%
7%
8%
Periods
1
0.99502
2
0.99007
0.98030
3
0.98515
0.97059
4
0.98025 0.96098
0.94218
5
0.97537
0.95147
0.92826
0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340
0.97066 0.96117 0.94260 0.92456 0.90703 0.89000
0.95632 0.94232 0.91514 0.88900 0.86384
0.92385 0.88849 0.85480 0.82270
0.90573 0.86261 0.82193 0.78353
0.93458
0.92593
1
0.87344
0.85734
2
0.83962
0.81630
0.79383
3
0.79209
0.76290
0.73503
4
0.74726
0.71299
0.68058
5
6
0.97052
0.94205
0.91454
7
0.96569
0.93272
0.90103
8
0.96089
0.92348
0.88771
0.85349
9
0.95610
0.91434
0.87459
0.83676
0.76642
10
0.95135
0.90529
0.86167
0.82035
0.74409
0.88797 0.83748 0.79031
0.87056 0.81309 0.75992
0.78941 0.73069
0.70259
0.67556
11
0.94661
0.89632
12
0.94191
0.88745
13
0.93722
14
0.93256
15
0.92792
0.80426
0.83639 0.78849
0.87866 0.82403 0.77303
0.86996 0.81185 0.75788
0.86135 0.79985
0.84893
0.74301
0.74622 0.70496 0.66634 0.63017
0.71068 0.66506 0.62275 0.58349
0.67684 0.62741
0.64461 0.59190
0.61391 0.55839
0.72242 0.64958 0.58468 0.52679
0.70138 0.62460 0.55684 0.49697
0.68095 0.60057 0.53032 0.46884
0.66112 0.57748 0.50507 0.44230 0.38782 0.34046
0.64186 0.55526 0.48102 0.41727 0.36245 0.31524
0.58201 0.54027
0.54393 0.50025
0.50835 0.46319
10
67890
0.47509
0.42888
0.44401 0.39711
0.41496 0.36770
16
0.92330
0.85282 0.78803
0.72845
0.62317
0.53391
17
0.91871
0.84438 0.77639
0.71416
0.60502
0.51337
18
0.91414
19
0.90959
0.83602
0.82774
0.76491
0.70016
0.58739
0.49363
0.45811 0.39365
0.43630 0.37136
0.41552 0.35034
20
0.90506 0.81954
0.75361
0.74247
0.68643 0.57029
0.67297 0.55368
0.47464
0.45639
0.39573 0.33051
0.37689 0.31180
0.33873 0.29189
0.31657 0.27027
0.29586 0.25025
0.27651 0.23171
0.25842 0.21455
19
22222
21
23
24
25
0.90056 0.81143 0.73150 0.65978 0.53755 0.43883
0.89608 0.80340 0.72069 0.64684 0.52189 0.42196
0.89162 0.79544 0.71004 0.63416 0.50669 0.40573
0.88719 0.78757 0.69954 0.62172 0.49193 0.39012
0.88277 0.77977 0.68921 0.60953 0.47761 0.37512
0.35894 0.29416 0.24151 0.19866
0.34185 0.27751 0.22571 0.18394
0.32557 0.26180 0.21095 0.17032
0.31007 0.24698 0.19715 0.15770
0.29530 0.23300 0.18425 0.14602
21
12313 6782222222
14
15
16
17
18
20
23
24
25
Periods
9%
10%
0.91743
0.90909
2
0.84168
0.82645
3
0.77218
0.75131
4
0.70843
0.68301
11%
12%
0.90090 0.89286
0.81162 0.79719 0.78315
0.73119 0.71178 0.69305
0.65873 0.63552
13%
0.88496
14%
0.87719
15%
0.86957
0.76947
0.67497
0.61332
0.59208
5
0.64993
0.62092
0.59345
0.56743
0.54276
0.51937
16%
0.86207
0.75614 0.74316
0.65752 0.64066
0.57175 0.55229
0.49718 0.47611
17%
18%
0.85470 0.84746
0.73051 0.71818
0.62437 0.60863
0.53365 0.51579
0.45611 0.43711
Periods
1
2
3
4
5
6
0.59627 0.56447
0.53464
0.50663
0.48032
0.45559
7
0.54703
8
0.51316
0.50187 0.46651
0.48166 0.45235
0.42506
0.39964
0.43393
0.40388
0.37616
0.35056
9
10
0.46043
0.42241 0.38554
0.42410
0.39092
0.36061
0.33288
0.35218
0.32197
0.29459
0.30751
0.26974
0.43233 0.41044 0.38984 0.37043
0.37594 0.35383
0.32690 0.30503 0.28478 0.26604
0.28426 0.26295 0.24340
0.24718 0.22668 0.20804
0.33320 0.31393
0.22546
0.19106
10
67820
9
⑆2315
11
0.38753
0.35049
0.35553
0.31863
0.32618
0.28966
14
0.29925
0.26333
0.27454 0.23939
0.31728 0.28748 0.26070 0.23662
0.28584 0.25668 0.23071 0.20756
0.25751 0.22917 0.20416 0.18207
0.23199 0.20462 0.18068 0.15971
0.20900 0.18270 0.15989 0.14010
0.21494 0.19542 0.17781 0.16192
0.18691 0.16846 0.15197 0.13722
0.16253 0.14523 0.12989 0.11629
0.14133 0.12520 0.11102 0.09855
0.12289 0.10793 0.09489 0.08352
⑆2315
11
14
67822 22222
16
0.25187
0.21763
0.18829
0.16312
17
0.23107 0.19784
0.16963
0.14564
18
0.21199 0.17986
0.15282
19
20
0.17843
0.19449 0.16351 0.13768
0.14864 0.12403
0.14150 0.12289
0.12522 0.10780
0.13004 0.11081 0.09456
0.11611 0.09806 0.08295
0.10367 0.08678 0.07276
0.10686 0.09304 0.08110 0.07078
0.09293 0.08021 0.06932 0.05998
0.08081 0.06914 0.05925 0.05083
0.07027 0.05961 0.05064 0.04308
0.06110 0.05139 0.04328 0.03651
21
0.16370 0.13513
0.15018 0.12285
23
0.13778 0.11168
24
0.12640 0.10153
25
0.11597 0.09230
0.08170
0.07361
0.06588
0.05882
0.11174 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094
0.10067 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622
0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222
0.05323 0.04308 0.03493 0.02838 0.02310 0.01883
0.04710 0.03779 0.03038 0.02447 0.01974 0.01596
6782222222
16
17
18
19
20
21
23
24
25
Transcribed Image Text:Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.
Compound
Amount
Term of
Investment
Nominal
Interest
Rate (%) Compounded
$38,000
6 years
4
semiannually
+A
Present
Value
Compound
Interest
$
+A
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