Calculate the future value of $4,000 earning 13 percent after one year, assuming annual compounding. Now, calculate the future value

Calculate the future value of $4,000 earning 13 percent after one year, assuming annual compounding. Now, calculate the future value

Question:

Don't use plagiarized sources. Get Your Custom Assignment on
Calculate the future value of $4,000 earning 13 percent after one year, assuming annual compounding. Now, calculate the future value
From as Little as $13/Page

Calculate the future value of $4,000 earning 13 percent after one year, assuming annual compounding. Now, calculate the future value of $4,000 earning 13 percent after 18 years.Click on the table icon to view the FVIF table I.The future value after one year is $__The future value after 18 years is $__(Round to the nearest cent.)(Round to the nearest cent.)
  

Transcribed Image Text:

n
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
SABRIN 2
16
17
18
19
20
21
22
23
6%
1.060
1.124
1.191
1.262
1.338
1.419
1.504
1.594
1.689
1.791
1.898
2.012
2.133
2.261
2.397
2.540
2.693
2.854
3.026
3.207
3.400
3.604
3.820
7%
1.070
1.145
1.225
1.311
1.403
1.501
1.606
1.718
1.838
1.967
2.105
2.252
2.410
2.579
2.759
2.952
3.159
3.380
3.617
3,870
4.141
4.430
4.741
8%
1.080
1.166
1.260
1.360
1.469
1.587
1.714
1.851
1.999
2.159
2.332
2.518
2.720
2.937
3.172
3.426
3.700
3.996
4.316
4.661
5.034
5.437
5.871
9%
1.090
1.188
1.295
1.412
1.539
1.677
1.828
1.993
2.172
2.367
2.580
2.813
3.066
3.342
3.642
3.970
4.328
4.717
5.142
5.604
6.109
6.659
7.258
Compound Sum of $1 (FVIF)
10%
11%
1.100
1.210
1.331
1.464
1.611
1.772
1.949
2.144
2.358
2.594
2.853
3.138
3.452
3.797
4.177
4.595
5.054
5.560
6.116
6.727
7.400
8.140
8.954
1.110
1.232
1.368
1.518
1.685
1.870
2.076
2.305
2.558
2.839
3.152
3.498
3.883
4.310
4.785
5.311
5.895
6.544
7.263
8.062
8.949
9.934
11.026
12%
1.120
1.254
1.405
1.574
1.762
1.974
2.211
2.476
2.773
3.106
3.479
3.896
4.363
4.887
5.474
6.130
6.866
7.690
8.613
9.646
10.804
12.100
13.552
A
13%
1.130
1.277
1.443
1.630
1.842
2.082
2.353
2.658
3.004
3.395
3.836
4.335
4.898
5.535
6.254
7.067
7.986
9.024
10.197
11.523
13.021
14.714
16.627
14%
1.140
1.300
1.482
1.689
1.925
2.195
2.502
2.853
3.252
3.707
4.226
4.818
5.492
6.261
7.138
8.137
9.276
10.575
12.056
13.743
15.668
17.861
20.362
15%
1.150
1.323
1.521
1.749
2.011
2.313
2.660
3.059
3.518
4.046
4.652
5.350
6.153
7.076
8.137
9.358
10.761
12.375
14.232
16.367
18.822
21.645
24.891

Expert Answer:

Answer rating: 100% (QA)

step
View the full answer