Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Complete the following using present value. (Use the Table 12.3.) (Do not round intermediate calculations. Round the "PV Factor" to 4 decimal places and final answer to the nearest cent.)

        On PV Table 12.3    

Amount desired at end of period

Length of time

Rate Compounded

Period used

Rate used PV factor used

PV of amount desired at end of period

$18,100 5 years 24% Quarterly   %    
TABLE 12.3
Present value of $1 at end of period
Perlod
1%
14%
2%
3%
4%
5%
6%
7%
8%
9%
10%
1
9901
9852
9804
9709
9615
.9524
9434
9346
9259
.9174
9091
9803
.9707
.9612
9426
.9246
9070
8900
.8734
.8573
.8417
8264
9706
9563
9423
.9151
8890
.8638
8396
8163
7938
7722
7513
4
.9610
9422
.9238
.8885
8548
.8227
7921
7629
7350
7084
.6830
.9515
9283
.9057
8626
8219
.7835
7473
7130
.6806
.6499
.6209
.9420
9145
.8880
8375
7903
7462
7050
.6663
.6302
5963
.5645
7
.9327
.9010
8706
.8131
7599
7107
.6651
.6227
5835
.5470
5132
8.
.9235
8877
.8535
.7894
7307
.6768
.6274
5820
5403
.5019
4665
9.
.9143
8746
.8368
7664
7026
.6446
.5919
5439
5002
.4604
4241
10
.9053
.8617
.8203
7441
.6756
.6139
.5584
5083
4632
.4224
.3855
11
.8963
8489
.8043
7224
.6496
.5847
5268
4751
4289
.3875
3505
12
.8874
8364
.7885
7014
.6246
5568
4970
4440
3971
3555
3186
13
.8787
8240
.7730
.6810
.6006
.5303
4688
4150
3677
.3262
2897
14
.8700
.8119
7579
.6611
5775
.5051
.4423
.3878
.3405
2992
2633
15
.8613
7999
.7430
.6419
.5553
4810
4173
3624
.3152
2745
2394
16
.8528
.7880
7284
.6232
5339
4581
3936
3387
2919
2519
2176
17
.8444
.7764
7142
.6050
5134
4363
3714
.3166
2703
2311
.1978
18
.8360
.7649
.7002
.5874
.4936
.4155
3503
2959
2502
2120
.1799
19
.8277
.7536
.6864
.5703
4746
3957
3305
2765
2317
.1945
.1635
20
.8195
.7425
.6730
5537
.4564
3769
3118
2584
2145
.1784
.1486
21
.8114
.7315
.6598
.5375
4388
.3589
2942
2415
.1987
.1637
.1351
22
.8034
.7207
.6468
.5219
.4220
.3418
2775
2257
1839
.1502
.1228
23
.7954
.7100
.6342
5067
4057
3256
2618
2109
.1703
.1378
.1117
24
.7876
.6995
.6217
4919
3901
3101
2470
.1971
.1577
.1264
.1015
25
.7798
.6892
.6095
.4776
.3751
2953
2330
.1842
.1460
.1160
.0923
26
.7720
.6790
5976
4637
.3607
2812
2198
.1722
.1352
.1064
.0839
27
.7644
.6690
.5859
4502
3468
2678
2074
.1609
.1252
.0976
.0763
28
.7568
.6591
.5744
.4371
.3335
2551
.1956
.1504
.1159
.0895
.0693
29
.7493
.6494
5631
.4243
3207
2429
.1846
.1406
.1073
.0822
.0630
30
7419
6398
.5521
4120
3083
2314
.1741
.1314
0994
.0754
.0573
35
.7059
5939
5000
3554
2534
.1813
.1301
.0937
.0676
.0490
.0356
40
.6717
5513
4529
.3066
2083
.1420
.0972
.0668
0460
.0318
.0221
Note: For more detalled tables, see your booklet, the Business Math Handbook.
N 3
LO
CO
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Transcribed Image Text:TABLE 12.3 Present value of $1 at end of period Perlod 1% 14% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 9901 9852 9804 9709 9615 .9524 9434 9346 9259 .9174 9091 9803 .9707 .9612 9426 .9246 9070 8900 .8734 .8573 .8417 8264 9706 9563 9423 .9151 8890 .8638 8396 8163 7938 7722 7513 4 .9610 9422 .9238 .8885 8548 .8227 7921 7629 7350 7084 .6830 .9515 9283 .9057 8626 8219 .7835 7473 7130 .6806 .6499 .6209 .9420 9145 .8880 8375 7903 7462 7050 .6663 .6302 5963 .5645 7 .9327 .9010 8706 .8131 7599 7107 .6651 .6227 5835 .5470 5132 8. .9235 8877 .8535 .7894 7307 .6768 .6274 5820 5403 .5019 4665 9. .9143 8746 .8368 7664 7026 .6446 .5919 5439 5002 .4604 4241 10 .9053 .8617 .8203 7441 .6756 .6139 .5584 5083 4632 .4224 .3855 11 .8963 8489 .8043 7224 .6496 .5847 5268 4751 4289 .3875 3505 12 .8874 8364 .7885 7014 .6246 5568 4970 4440 3971 3555 3186 13 .8787 8240 .7730 .6810 .6006 .5303 4688 4150 3677 .3262 2897 14 .8700 .8119 7579 .6611 5775 .5051 .4423 .3878 .3405 2992 2633 15 .8613 7999 .7430 .6419 .5553 4810 4173 3624 .3152 2745 2394 16 .8528 .7880 7284 .6232 5339 4581 3936 3387 2919 2519 2176 17 .8444 .7764 7142 .6050 5134 4363 3714 .3166 2703 2311 .1978 18 .8360 .7649 .7002 .5874 .4936 .4155 3503 2959 2502 2120 .1799 19 .8277 .7536 .6864 .5703 4746 3957 3305 2765 2317 .1945 .1635 20 .8195 .7425 .6730 5537 .4564 3769 3118 2584 2145 .1784 .1486 21 .8114 .7315 .6598 .5375 4388 .3589 2942 2415 .1987 .1637 .1351 22 .8034 .7207 .6468 .5219 .4220 .3418 2775 2257 1839 .1502 .1228 23 .7954 .7100 .6342 5067 4057 3256 2618 2109 .1703 .1378 .1117 24 .7876 .6995 .6217 4919 3901 3101 2470 .1971 .1577 .1264 .1015 25 .7798 .6892 .6095 .4776 .3751 2953 2330 .1842 .1460 .1160 .0923 26 .7720 .6790 5976 4637 .3607 2812 2198 .1722 .1352 .1064 .0839 27 .7644 .6690 .5859 4502 3468 2678 2074 .1609 .1252 .0976 .0763 28 .7568 .6591 .5744 .4371 .3335 2551 .1956 .1504 .1159 .0895 .0693 29 .7493 .6494 5631 .4243 3207 2429 .1846 .1406 .1073 .0822 .0630 30 7419 6398 .5521 4120 3083 2314 .1741 .1314 0994 .0754 .0573 35 .7059 5939 5000 3554 2534 .1813 .1301 .0937 .0676 .0490 .0356 40 .6717 5513 4529 .3066 2083 .1420 .0972 .0668 0460 .0318 .0221 Note: For more detalled tables, see your booklet, the Business Math Handbook. N 3 LO CO
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