Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answers to the nearest whole number.) Investment Total Amount of Rate of Number of Return Value at the End Total Amount of of Time Period Annual Interest or Earnings Deposit Years Investment $ 3,000 8 % 7 $ 3,000 12 % 7 $ 3,000 8 % 14 $ 3,000 12 % 14

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
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Question
100%
Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answers to the nearest whole
number.)
Investment
Total Amount of
Value at the End Total Amount of
of Time Period
Annual
Rate of Number of
Interest or
Deposit
Return
Years
Investment
Earnings
$ 3,000
8 %
7
$ 3,000
12 %
7
$ 3,000
8 %
14
$ 3,000
12 %
14
Transcribed Image Text:Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answers to the nearest whole number.) Investment Total Amount of Value at the End Total Amount of of Time Period Annual Rate of Number of Interest or Deposit Return Years Investment Earnings $ 3,000 8 % 7 $ 3,000 12 % 7 $ 3,000 8 % 14 $ 3,000 12 % 14
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%
3%
1.000
2.030
Period
2%
4%
5%
6%
7%
8%
9%
10%
11%
1
1.000
2.020
3.060
4.122
5.204
6.308
7.434
1.000
2.040
3.122
1.000
2.050
3.153
1.000
1.000
1.000
1.000
1.000
1.000
1.000
2.010
3.030
2.070
3.215
4.440
5.751
2.090
3.278
4.573
5.985
2.100
3.310
4.641
6.105
7.716
9.487
2.110
3.342
4.710
6.228
7.913
2.060
2.080
3
3.184
4.375
3.091
3.246
4.184
5.309
6.468
7.662
4
4.060
4.246
4.310
4.506
5.101
5.416
6.633
7.898
9.214
10.583
12.006
13.486
15.026
16.627
18.292
20.024
21.825
23.698
25.645
27.671
29.778
41.646
56.085
5.526
5.637
5.867
6.975
8.394
7.336
8.923
6.152
6.802
7.153
7.523
7
7.214
8.142
8.654
9.200
9.783
8.583
11.028
13.021
15.193
17.560
20.141
22.953
8.286
10.260
11.436
13.579
11.859
14.164
16.722
8.
8.892
9.549
9.897
10.637
9.369
9.755
10.159
11.027
11.491
11.978
12.488
12.578
14.207
10
10.462
10.950
11.464
13.181
13.816
14.487
15.937
12.169
13.412
15.784
16.645
18.977
21.495
11
11.567
12.808
14.972
18.531
19.561
12.683
13.809
17.888
22.713
15.917
17.713
21.384
24.523
27.975
31.772
12
14.192
16.870
18.882
21.015
23.276
25.673
13
14
14.680
15.618
20.141
26.212
17.086
18.599
22.550
25.129
19.599
30.095
26.019
29.361
14.947
15.974
24.215
16.097
17.258
18.430
19.615
17.293
18.639
20.012
21.579
23.657
25.840
15
27.152
34.405
16
27.888
30.840
33.999
37.379
40.995
63.249
33.003
36.974
20.157
30.324
35.950
39.190
21.762
28.213
33.750
40.545
45.599
17
44.501
18
21.412
23.414
28.132
30.906
37.450
41.301
50.396
19
20
25
22.841
24.297
32.030
40.568
25.117
33.760
36.786
46.018
51.160
84.701
136.308
56.939
64.203
114.413
20.811
30.539
41.446
51.159
33.066
47.727
66.439
45.762
73.106
113.283
22.019
26.870
57.275
98.347
28.243
34.785
48.886
64.463
36.459
54.865
30
47.575
79.058
94.461
164.494
199.021
60.402
84.579
95.026
152.667
154.762
199.635
259.057
573.770
337.882
815.084
442.593
1163.909
581.826
1668.771
40
75.401
120.800
50
112.797
209.348
290.336
406.529
Period
1
12%
13%
14%
15%
16%
17%
18%
19%
20%
25%
30%
1.000
2.140
3.440
4.921
6.610
8.536
10.730
1.000
2.150
3.473
1.000
1.000
2.190
3.606
1.000
2.200
3.640
1.000
2.300
3.990
1.000
1.000
1.000
1.000
1.000
2.120
3.374
4.779
6.353
2.130
3.407
4.850
6.480
2.250
3.813
5.766
8.207
2.160
2.170
2.180
3
3.506
3.572
5.215
3.539
4
4.993
5.066
5.141
5.291
5.368
6.187
6.742
6.877
7.014
7.154
7.297
7.442
9.043
8.323
10.405
12.757
15.416
18.420
21.814
9.683
12.523
6.
8.115
8.754
8.977
9.207
9.442
9.930
11.259
12.756
12.142
12.916
17.583
23.858
7
10.089
11.067
11.414
11.772
15.073
13.727
12.300
14.776
17.549
20.655
24.133
28.029
14.773
18.285
15.327
19.086
8
13.233
14.240
15.902
16.499
19.842
17.519
21.321
25.733
30.850
25.802
33.253
42.566
54.208
16.085
19.923
24.709
20.799
25.959
32.150
39.581
48.497
59.196
16.786
32.015
20.304
24.349
29.002
34.352
40.505
47.580
55.717
65.075
75.836
10
19.337
22.393
23.521
42.619
11
12
23.045
27.271
32.089
27.200
56.405
74.327
97.625
127.913
167.286
28.755
30.404
25.650
29.985
37.180
45.244
32.824
34.931
39.404
42.219
50.818
13
36.786
68.760
14
32.393
34.883
37.581
43.672
47.103
54.841
86.949
40.417
46.672
53.739
61.725
70.749
37.280
42.753
51.660
60.925
71.673
15
43.842
56.110
60.965
66.261
72.035
109.687
50.980
66.649
78.979
93.406
138.109
173.636
218.045
273.556
87.442
105.931
218.472
285.014
371.518
483.973
16
72.939
79.850
96.022
115.266
17
48.884
59.118
87.068
18
55.750
68.394
84.141
103.740
128.117
154.740
186.688
471.981
1181.882
7343.858
45497.191
19
20
25
63.440
72.052
133.334
241.333
767.091
2400.018
78.969
98.603
115.380
249.214
88.212
110.285
123.414
138.166
146.628
342.603
130.033
292.105
647.439
3134.522
15089.502
91.025
102.444
212.793
434.745
1779.090
165.418
402.042
966.712
5529.829
31515.340
80.947
342.945
630.165
155.620
293.199
1013.704
3459.507
181.871
356.787
1342.025
4994,521
1054.791
3227.174
30088,655
280255,693 1659760.743
2348.803
8729.985
120392.883
30
530.312
790.948
40
50
2360.757
4163.213
7217.716
10435.649
21813.094
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% 3% 1.000 2.030 Period 2% 4% 5% 6% 7% 8% 9% 10% 11% 1 1.000 2.020 3.060 4.122 5.204 6.308 7.434 1.000 2.040 3.122 1.000 2.050 3.153 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 3.030 2.070 3.215 4.440 5.751 2.090 3.278 4.573 5.985 2.100 3.310 4.641 6.105 7.716 9.487 2.110 3.342 4.710 6.228 7.913 2.060 2.080 3 3.184 4.375 3.091 3.246 4.184 5.309 6.468 7.662 4 4.060 4.246 4.310 4.506 5.101 5.416 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 21.825 23.698 25.645 27.671 29.778 41.646 56.085 5.526 5.637 5.867 6.975 8.394 7.336 8.923 6.152 6.802 7.153 7.523 7 7.214 8.142 8.654 9.200 9.783 8.583 11.028 13.021 15.193 17.560 20.141 22.953 8.286 10.260 11.436 13.579 11.859 14.164 16.722 8. 8.892 9.549 9.897 10.637 9.369 9.755 10.159 11.027 11.491 11.978 12.488 12.578 14.207 10 10.462 10.950 11.464 13.181 13.816 14.487 15.937 12.169 13.412 15.784 16.645 18.977 21.495 11 11.567 12.808 14.972 18.531 19.561 12.683 13.809 17.888 22.713 15.917 17.713 21.384 24.523 27.975 31.772 12 14.192 16.870 18.882 21.015 23.276 25.673 13 14 14.680 15.618 20.141 26.212 17.086 18.599 22.550 25.129 19.599 30.095 26.019 29.361 14.947 15.974 24.215 16.097 17.258 18.430 19.615 17.293 18.639 20.012 21.579 23.657 25.840 15 27.152 34.405 16 27.888 30.840 33.999 37.379 40.995 63.249 33.003 36.974 20.157 30.324 35.950 39.190 21.762 28.213 33.750 40.545 45.599 17 44.501 18 21.412 23.414 28.132 30.906 37.450 41.301 50.396 19 20 25 22.841 24.297 32.030 40.568 25.117 33.760 36.786 46.018 51.160 84.701 136.308 56.939 64.203 114.413 20.811 30.539 41.446 51.159 33.066 47.727 66.439 45.762 73.106 113.283 22.019 26.870 57.275 98.347 28.243 34.785 48.886 64.463 36.459 54.865 30 47.575 79.058 94.461 164.494 199.021 60.402 84.579 95.026 152.667 154.762 199.635 259.057 573.770 337.882 815.084 442.593 1163.909 581.826 1668.771 40 75.401 120.800 50 112.797 209.348 290.336 406.529 Period 1 12% 13% 14% 15% 16% 17% 18% 19% 20% 25% 30% 1.000 2.140 3.440 4.921 6.610 8.536 10.730 1.000 2.150 3.473 1.000 1.000 2.190 3.606 1.000 2.200 3.640 1.000 2.300 3.990 1.000 1.000 1.000 1.000 1.000 2.120 3.374 4.779 6.353 2.130 3.407 4.850 6.480 2.250 3.813 5.766 8.207 2.160 2.170 2.180 3 3.506 3.572 5.215 3.539 4 4.993 5.066 5.141 5.291 5.368 6.187 6.742 6.877 7.014 7.154 7.297 7.442 9.043 8.323 10.405 12.757 15.416 18.420 21.814 9.683 12.523 6. 8.115 8.754 8.977 9.207 9.442 9.930 11.259 12.756 12.142 12.916 17.583 23.858 7 10.089 11.067 11.414 11.772 15.073 13.727 12.300 14.776 17.549 20.655 24.133 28.029 14.773 18.285 15.327 19.086 8 13.233 14.240 15.902 16.499 19.842 17.519 21.321 25.733 30.850 25.802 33.253 42.566 54.208 16.085 19.923 24.709 20.799 25.959 32.150 39.581 48.497 59.196 16.786 32.015 20.304 24.349 29.002 34.352 40.505 47.580 55.717 65.075 75.836 10 19.337 22.393 23.521 42.619 11 12 23.045 27.271 32.089 27.200 56.405 74.327 97.625 127.913 167.286 28.755 30.404 25.650 29.985 37.180 45.244 32.824 34.931 39.404 42.219 50.818 13 36.786 68.760 14 32.393 34.883 37.581 43.672 47.103 54.841 86.949 40.417 46.672 53.739 61.725 70.749 37.280 42.753 51.660 60.925 71.673 15 43.842 56.110 60.965 66.261 72.035 109.687 50.980 66.649 78.979 93.406 138.109 173.636 218.045 273.556 87.442 105.931 218.472 285.014 371.518 483.973 16 72.939 79.850 96.022 115.266 17 48.884 59.118 87.068 18 55.750 68.394 84.141 103.740 128.117 154.740 186.688 471.981 1181.882 7343.858 45497.191 19 20 25 63.440 72.052 133.334 241.333 767.091 2400.018 78.969 98.603 115.380 249.214 88.212 110.285 123.414 138.166 146.628 342.603 130.033 292.105 647.439 3134.522 15089.502 91.025 102.444 212.793 434.745 1779.090 165.418 402.042 966.712 5529.829 31515.340 80.947 342.945 630.165 155.620 293.199 1013.704 3459.507 181.871 356.787 1342.025 4994,521 1054.791 3227.174 30088,655 280255,693 1659760.743 2348.803 8729.985 120392.883 30 530.312 790.948 40 50 2360.757 4163.213 7217.716 10435.649 21813.094
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