Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.) Rate of Time Compounded Periods Rate Total amount Total interest compound interest Principal (years) $ 1,500 1 8 % Quarterly %
Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.) Rate of Time Compounded Periods Rate Total amount Total interest compound interest Principal (years) $ 1,500 1 8 % Quarterly %
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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Transcribed Image Text:Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.)
Rate of
Time
Periods
Rate
Total amount
Total interest
compound
interest
Principal
Compounded
(years)
1,500
1
8%
Quarterly
Prev
1 of 18
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acer
..
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%24
Transcribed Image Text:TABLE
12.1
Future value of $1 at compound interest
Perlod
1%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
1.0100
1.0150
1.0200
1.0300
1.0400
1.0500
1.0600
1.0700
1.0800
1.0900
1.1000
2.
1.0201
1.0302
1.0404
1.0609
1.0816
1.1025
1.1236
1.1449
1.1664
1.1881
1.2100
3.
1.0303
1.0457
1.0612
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.0406
1.0614
1.0824
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.0510
1.0773
1.1041
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.0615
1.0934
1.1262
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.0721
1.1098
1.1487
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
8.
1.0829
1.1265
1.1717
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
1.1434
1.1951
1.3048
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
9.
1.0937
1.4233
10
1.1605
1.2190
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
1.1046
1.2434
1.3842
1.5395
1.7103
1.8983
2.1049
2.3316
2.5804
2.8531
11
1.1157
1.1780
1.1268
1.1960
1.2682
1.4258
1.6010
1.7959
2.0122
2.2522
2.5182
2.8127
3.1384
12
1.1381
1.2135
1.2936
1.4685
1.6651
1.8856
2.1329
2.4098
2.7196
3.0658
3.4523
13
1.9799
2.2609
2.5785
2.9372
3.34 17
3.7975
14
1.1495
1.2318
1.3195
1.5126
1.7317
1.5580
1.8009
2.0789
2.3966
2.7590
3.1722
3.6425
4.1772
15
1.1610
1.2502
1.3459
2.1829
2.5404
2.9522
3.4259
3.9703
4.5950
16
1.1726
1.2690
1.3728
1.6047
1.8730
1.9479
2.2920
2.6928
3.1588
3.7000
4.3276
5.0545
17
1.1843
1.2880
1.4002
1.6528
2.4066
2.8543
3.3799
3.9960
4.7171
5.5599
1.1961
1.3073
1.4282
1.7024
2.0258
18
3.6165
4.3157
5.1417
6.1159
1.4568
1.7535
2.1068
2.5270
3.0256
19
1.2081
1.3270
6.7275
2.1911
2.6533
3.2071
3.8697
4.6610
5.6044
20
1.2202
1.3469
1.4859
1.8061
2.7860
3.3996
4.1406
5.0338
6.1088
7.4002
1.367 1
1.5157
1.8603
2.2788
21
1.2324
4.4304
5.4365
6.6586
8.1403
2.3699
2.9253
3.6035
1.2447
1.3876
1.5460
1.9161
22
3.07 15
3.8197
4.7405
58715
7.2579
8.9543
1.2572
1.4084
1.5769
1.9736
2.4647
23
5.0724
6.3412
7.9111
9.8497
2.0328
2.5633
3.2251
4.0489
24
1.2697
1.4295
1.6084
8.6231
10.8347
3.3864
4.2919
5.4274
6.8485
1.4510
1.6406
2.0938
2.6658
11.9182
25
1.2824
5.8074
7.3964
9.3992
2.1566
2.77 25
3.5557
4.5494
26
1.2953
1.4727
1.6734
10.2451
13.1100
2.8834
3.7335
4.8223
6.2139
7.9881
1.3082
1.4948
1.7069
2.2213
11.1672
14.4210
27
5.1117
6.6488
8.627 1
1.7410
2.2879
2.9987
3.9201
15.8631
28
1.3213
1.5172
7.1143
9.3173
12.1722
2.3566
3.1187
4.1161
5.4184
29
1.3345
1.5400
1.7758
10.0627
13.2677
17.4494
4.3219
5.7435
7.6123
1.5631
1.8114
2.4273
3.2434
30
1.3478
Note: For more detaled tables, see your reference booklet, the Business Math Handbook.
Σ
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