Develop the two-way table for annual investment amounts of $5,000 to $20,000 in increments of $1,000 and for returns of 0% to 12% in increments of 1%. Using the table, what are the minimum annual investments Lindsay must contribute (in dollars) for annual rates ranging from 7% to 11% to accrue a final value of $1,400,000 after 30 years. (Round your answers up to the nearest thousand dollars.) Quantity Ordered Annual Return Minimum Annual Investment 7% 8% 9% 10% 11% $ $ $ $ $

Develop the two-way table for annual investment amounts of $5,000 to $20,000 in increments of $1,000 and for returns of 0% to 12% in increments of 1%. Using the table, what are the minimum annual investments Lindsay must contribute (in dollars) for annual rates ranging from 7% to 11% to accrue a final value of $1,400,000 after 30 years. (Round your answers up to the nearest thousand dollars.) Quantity Ordered Annual Return Minimum Annual Investment 7% 8% 9% 10% 11% $ $ $ $ $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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