Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 70? Click the icon to view the interest and annuity table for discrete compounding when /= 10% per year. The accumulated interest and principal will equal $ 975872 (Round to the nearest dollar.) Draw the cash flow diagram. Count the deposits being made to make sure you have the correct start and stop time of the series. Close - X More Info N 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 ******** 20 21 22 23 24 25 3.0 Single Payment Compound Amount Present Factor Worth Factor To Find F To Find P Given P Given F F/P P/F 1.1000 0.9091 1.2100 0.8264 1.3310 0.7513 0.6830 1,4641 1.6105 0.6209 0.5645 1.7716 1.9487 2.1436 2.3579 2.5937 Discrete Compounding: /-10% Compound Amount Present Factor Worth Factor To Find F To Find P Given A Given A FIA P/A 1.0000 2.1000 3.3100 4.6410 6.1051 7.7156 9.4872 2.8531 3.1384 3.4523 3.7975 4.1772 4.5950 5.0545 5.5599 6.1159 6.7275 7.4002 8.1403 8.9543 9.8497 10.8347 17 4494 0.5132 0.4665 0.4241 0.3855 0.3505 0.3186 0.2897 0.2633 0.2394 0.2176 0.1978 0.1799 0.1635 0.1486 0.1351 0.1228 0.1117 0.1015 0.0923 0.0573 11.4359 13.5795 45.5992 51.1591 57.2750 64.0025 71.4027 Uniform Series 15.9374 18.5312 21.3843 24.5227 6.4951 6.8137 7.1034 27.9750 7.3667 31.7725 7.6061 35.9497 7.8237 8.0216 40.5447 8.2014 8.3649 8.5136 79.5430 88.4973 98.3471 164 4940 0.9091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.7590 6.1446 8.6487 8.7715 8.8832 8.9847 9.0770 9.4769 Sinking Fund Factor To Find A Given F A/F 1.0000 0.4762 0.3021 0.2155 0.1638 0.1296 0.1054 0.0874 0.0736 0.0627 0.0540 0.0468 0.0408 0.0357 0.0315 0.0278 0.0247 0.0219 0.0195 0.0175 0.0156 0.0140 0.0126 0.0113 0.0102 00061 Capital Recovery Factor To Find A Given P A/P 1.1000 0.5762 0.4021 0.3155 0.2638 0.2296 0.2054 0.1874 0.1736 0.1627 0.1540 0.1468 0.1408 0.1357 0.1315 0.1278 0.1247 0.1219 0.1195 0.1175 0.1156 0.1140 0.1126 0.1113 0.1102 01061, - X
Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 70? Click the icon to view the interest and annuity table for discrete compounding when /= 10% per year. The accumulated interest and principal will equal $ 975872 (Round to the nearest dollar.) Draw the cash flow diagram. Count the deposits being made to make sure you have the correct start and stop time of the series. Close - X More Info N 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 ******** 20 21 22 23 24 25 3.0 Single Payment Compound Amount Present Factor Worth Factor To Find F To Find P Given P Given F F/P P/F 1.1000 0.9091 1.2100 0.8264 1.3310 0.7513 0.6830 1,4641 1.6105 0.6209 0.5645 1.7716 1.9487 2.1436 2.3579 2.5937 Discrete Compounding: /-10% Compound Amount Present Factor Worth Factor To Find F To Find P Given A Given A FIA P/A 1.0000 2.1000 3.3100 4.6410 6.1051 7.7156 9.4872 2.8531 3.1384 3.4523 3.7975 4.1772 4.5950 5.0545 5.5599 6.1159 6.7275 7.4002 8.1403 8.9543 9.8497 10.8347 17 4494 0.5132 0.4665 0.4241 0.3855 0.3505 0.3186 0.2897 0.2633 0.2394 0.2176 0.1978 0.1799 0.1635 0.1486 0.1351 0.1228 0.1117 0.1015 0.0923 0.0573 11.4359 13.5795 45.5992 51.1591 57.2750 64.0025 71.4027 Uniform Series 15.9374 18.5312 21.3843 24.5227 6.4951 6.8137 7.1034 27.9750 7.3667 31.7725 7.6061 35.9497 7.8237 8.0216 40.5447 8.2014 8.3649 8.5136 79.5430 88.4973 98.3471 164 4940 0.9091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.7590 6.1446 8.6487 8.7715 8.8832 8.9847 9.0770 9.4769 Sinking Fund Factor To Find A Given F A/F 1.0000 0.4762 0.3021 0.2155 0.1638 0.1296 0.1054 0.0874 0.0736 0.0627 0.0540 0.0468 0.0408 0.0357 0.0315 0.0278 0.0247 0.0219 0.0195 0.0175 0.0156 0.0140 0.0126 0.0113 0.0102 00061 Capital Recovery Factor To Find A Given P A/P 1.1000 0.5762 0.4021 0.3155 0.2638 0.2296 0.2054 0.1874 0.1736 0.1627 0.1540 0.1468 0.1408 0.1357 0.1315 0.1278 0.1247 0.1219 0.1195 0.1175 0.1156 0.1140 0.1126 0.1113 0.1102 01061, - X
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
draw the cash flow diagram please
Transcribed Image Text:Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 70?
Click the icon to view the interest and annuity table for discrete compounding when i = 10% per year.
The accumulated interest and principal will equal $ 975872. (Round to the nearest dollar.)
Draw the cash flow diagram. Count the deposits being made to make
sure you have the correct start and stop time of the series.
Close
- X
More Info
N
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
30
Discrete Compounding; i = 10%
Compound
Amount
Factor
To Find F
Given A
F/A
1.0000
2.1000
3.3100
4.6410
6.1051
7.7156
9.4872
11.4359
13.5795
15.9374
18.5312
21.3843
24.5227
27.9750
31.7725
35.9497
40.5447
45.5992
51.1591
57.2750
64.0025
71.4027
79.5430
88.4973
98.3471
164 4940
Single Payment
Compound
Amount
Factor
To Find F
Given P
F/P
1.1000
1.2100
1.3310
1.4641
1.6105
1.7716
1.9487
2.1436
2.3579
2.5937
2.8531
3.1384
3.4523
3.7975
4.1772
4.5950
5.0545
5.5599
6.1159
6.7275
7.4002
8.1403
8.9543
9.8497
10.8347
17 4494
Present
Worth Factor
To Find P
Given F
P/F
0.9091
0.8264
0.7513
0.6830
0.6209
0.5645
0.5132
0.4665
0.4241
0.3855
0.3505
0.3186
0.2897
0.2633
0.2394
0.2176
0.1978
0.1799
0.1635
0.1486
0.1351
0.1228
0.1117
0.1015
0.0923
0.0573
Uniform Series
Sinking
Fund
Factor
To Find A
Given F
A/F
1.0000
0.4762
0.3021
0.2155
0.1638
Present
Worth Factor
To Find P
Given A
P/A
0.9091
1.7355
2.4869
3.1699
3.7908
4.3553
4.8684
5.3349
5.7590
6.1446
6.4951
6.8137
7.1034
7.3667
7.6061
7.8237
8.0216
8.2014
8.3649
8.5136
8.6487
8.7715
8.8832
8.9847
9.0770
94269
0.1296
0.1054
0.0874
0.0736
0.0627
0.0540
0.0468
0.0408
0.0357
0.0315
0.0278
0.0247
0.0219
0.0195
0.0175
0.0156
0.0140
0.0126
0.0113
0.0102
0.0061
Capital
Recovery
Factor
To Find A
Given P
A/P
1.1000
0.5762
0.4021
0.3155
0.2638
0.2296
0.2054
0.1874
0.1736
0.1627
0.1540
0.1468
0.1408
0.1357
0.1315
0.1278
0.1247
0.1219
0.1195
0.1175
0.1156
0.1140
0.1126
0.1113
0.1102
01061
- X
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