Assig X Chapter 14 assets/d0/7/d07fcfOc-4369-4b65-b647-4befaac0245e.pd?_gda-st-1
ID: 2568526 • Letter: A
Question
Assig X Chapter 14 assets/d0/7/d07fcfOc-4369-4b65-b647-4befaac0245e.pd?_gda-st-1510415122-exp 1510501522-acd %2 Future Value of :-11+i 45% 1.5% 40% 50% 55% 60% 70% 1015000 1.040000 1.045000 1050000 1 055000 1.060000 1 0/0000 2 1.030225 1.081600 1,092025 1.102500 1.113025 1.123600 1.144900 3 1045678 1124864 1141166 1.157625 1174241 91016 1225043 41.061364 1.169859 1.192519 1.215506 1.238825 1262477 1.310796 5 1.077284 1216653 1.246182 1276282 1.300960 1.338226 1.402552 319 1302200 1340096 1378843 i 418519 ison? T1.101 4tSTT s932-1.360862-1407100-1.45467 1S03630-1.80m 1.126493 1368569 1422101 177455 1534687 1393848 1718186 9 114330 1423312 1486095 155132 1619094 1689479 1838459 790848 1.96715 10 1.160541 1480244 1.552960 1.628895 17081 11 1177949 1.539454 1.622853 171033 1802092 1.898299 2.104852 12 1.195618 1.601032 16588 1795856 1901207 2012196 2252192 13 1213552 1.665074 1772196 1 885649 2.005774 2.132928 2 14 1.231756 1731676 1851945 1.979932 2.116091 2 260904 2 578534 15 1250232 1800944 1935282 2078928 2 232476 2 396558 2 759032 6 1.268986 1 872981 2022370 2 182875 2.355203 2540352 2952164 17 1288020 1947900 2113377 2292021 2.484802 2 692773 3 158815 341 0817 220849 2 406619 26214 2 854339 339032 19 1326951 2.106849 2307860 2526950 2765647 3 025600 20 134855 2.191123 2411714 2 653298 2917757 3.207135 3 869684 2 520041 2.785963 3.078234 3 399564 4 140562 23 1408377 2.464716 2752106 3 071524 3 426152 3.819750 47 24 1429503 563304 2 876014 3225 100 3614590 4048935 5.07236 25 450945 2 665836 3.005434 3384355 31332 4291871 5427433 5 807353 27 1496800 2 83369 3282013 3 733456 4 244401 4822346 62138s 28 1517222 2.998703 3429700 3.920139 4477843 5311687 6.648838 26 1472710 2772470 3.14067 3 555673 4023129 4549383 36 4724124 54188 539981 3. 118651 3.584036 41161 bad pace 0 5 6 7 3Explanation / Answer
FV=$1,000,000
t=10 annual periods
i=12%
C(annual cash payments)=?
C=FV/(FVOA at t=10,I=12%)
=$1,000,000/17.548735
=$56,984.16
The 10 annual deposits of $56,984.16, plus the compound interest, will accumulate to $1,000,000 in 10 years.