Complete the following using present value. (Use the Table 12.3.) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. | Amount | Desired at | End of Period | |--------|------------|---------------| | Length | of Time | | | Rate | Compounded | On PV Table 12.3 | PV factor used | PV of Amount | Desired at | Rate used | End of Period | | Period used | Rate used | | 18 | 100 | 5 years | 24% | Quarterly | | % | | TABLE 12.3 Present value of $1 at end of period. | Period | 1% | 11(1)/(2)% | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | |--------|------|------------|------|------|------|------|------|------|------|------|------| Complete the following using present value. (Use the Table 12.3) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. Amount desired at end of period On PV Table 12.3 Length of time Rate Compounded PV of amount PV factor used desired at Rate used end of period Period used 18,100 5 years 24% Quarterly % TABLE 12.3 Present value of $1 at end of period. Period 1% 11/2% 2% 3% 1 1066 .9852 9804 .9709 2 .9803 9707 .9612 .9426 3 .9706 9563 9423 .9151 4 .9610 .9422 9238 8885 5 .9515 9283 9057 8626 6 .9420 .9145 8880 8375 7 9327 .9010 8706 8131 .9235 .8877 8535 7894 9 .9143 8746 8368 7664 10 9053 8617 .8203 7441 11 8963 8489 8043 7224 12 8874 8364 17885 17014 13 .8787 8240 7730 6810 14 .8700 8119 7579 .6611 4% .9615 .9246 8890 8548 8219 7903 7599 7307 7026 .6756 .6496 .6246 .6006 5775 5% 9524 9070 .8638 8227 7835 7462 7107 6768 6446 .6139 5847 .5568 5303 5051 6% 7% 9434 .9346 8900 .8734 8396 8163 7921 7629 7473 7130 7050 6663 6651 6227 6274 5820 5919 .5439 5584 5083 5268 4751 4970 4440 4688 4150 4423 .3878 8% 9259 .8573 7938 7350 6806 .6302 5835 5403 5002 4632 4289 .3971 3677 3405 9% 10% 9174 9091 8417 .8264 7722 7513 7084 6830 6499 6209 5963 .5645 5470 5132 5019 .4665 4604 4241 4224 3855 3875 3505 3555 3186 3262 .2897 .2992 .2633
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3. From the table, the PV factor for 5 years at a quarterly compounding rate of 24% is 0.6810. Show more…
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Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Required amount: $24,600 Frequency of payment: Quarterly Length of time: 7 Years Interest rate: 8% Payment amount end of each period: $
Akash M.
A certain newspaper provides the net asset value, the year-to-date percent return, and the three-year percent return for 882 mutual funds at the end of 2017. Assume that a simple random sample of 12 of the 882 mutual funds will be selected for a follow-up study on the size and performance of mutual funds. Use the sixth column of the table of random numbers, beginning with 80714, to select the simple random sample of 12 mutual funds. Begin with mutual fund 714 and use the last three digits in each row of column 6 for your selection process. What are the numbers of the 12 mutual funds in the simple random sample? (Enter your answers as a comma-separated list.) RANDOM NUMBERS 63271 59986 71744 51102 15141 80714 58683 93108 13554 79945 88547 09896 95436 79115 08303 01041 20030 63754 08459 28364 55957 57243 83865 09911 19761 66535 40102 26646 60147 15702 46276 87453 44790 67122 45573 84358 21625 16999 13385 22782 55363 07449 34835 15290 76616 67191 12777 21861 68689 03263 69393 92785 49902 58447 42048 30378 87618 26933 40640 16281 13186 29431 88190 04588 38733 81290 89541 70290 40113 08243 17726 28652 56836 78351 47327 18518 92222 55201 27340 10493 36520 64465 05550 30157 82242 29520 69753 72602 23756 54935 81628 36100 39254 56835 37636 02421 98063 89641 64953 99337 84649 48968 75215 75498 49539 74240 03466 49292 36401 45525 63291 11618 12613 75055 43915 26488 41116 64531 56827 30825 70502 53225 03655 05915 37140 57051 48393 91322 25653 06543 06426 24771 59935 49801 11082 66762 94477 02494 88215 27191 20711 55609 29430 70165 45406 78484 31639 52009 18873 96927 41990 70538 77191 25860 55204 73417 83920 69468 74972 38712 72452 36618 76298 26678 89334 33938 95567 29380 75906 91807 37042 40318 57099 10528 09925 89773 41335 96244 29002 46453 53766 52875 15987 46962 67342 77592 57651 95508 80033 69828 90585 58955 53122 16025 84299 53310 67380 84249 25348 04332 32001 96293 37203 64516 51530 37069 40261 61374 05815 06714 62606 64324 46354 72157 67248 20135 49804 09226 64419 29457 10078 28073 85389 50324 14500 15562 64165 06125 71353 77669 91561 46145 24177 15294 10061 98124 75732 00815 83452 97355 13091 98112 53959 79607 52244 63303 10413 63839 74762 50289
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