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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

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

Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1MC
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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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