(Solved Homework): 00800 101000 01500 02000 103000 104000 105000 .06000 .07000 1.08000 01003 102010 .0302304040 1.06090 08160 .10250 2360 14490…

Narrative 11-1
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)

Refer to Narrative 11-1. Lanie invests $8,500, at 6% interest, compounded quarterly for 10 years. Calculate the compound amount for her investment.

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00800 101000 01500 02000 103000 104000 105000 .06000 .07000 1.08000 01003 102010 .0302304040 1.06090 08160 .10250 2360 14490.16640 LOI 508 1.03030 l.04568 1.06121 1.09273 1.12486 1.15763 1.19102 1.22504 1.25971 02015 04060 .06136 08243 .1255 16986 .2155 26248 1.31080 .36049 02525 105101 107728 1.10408 .15927 1.21665 127628 33823 1.40255 .46933 03038 106152 093442616 19405 126532 134010 141852 50073 1.58687 03553 107214 .10984 4869 .22987 .31593 40710 50363 60578 71382 0407108286 1.12649 .17166 1.26677 1.36857 147746 59385 1.71819 85093 04591 09369 143391.19509 30477 1.42331155133 .68948 83846 .99900 05114 10462 160541.21899 34392 1.48024 162889 .79085 .96715 2.15892 1.05640 1.11567 1.17795 1.24337 1.38423 1.53945 1.71034 1.89830 2.10485 2.33164 1.06168 12683 19562 .26824 42576 160103 179586 2.01220 2.25219 251817 06699 13809 21355 1.29361 146853 166507188565 2.13293 2.40985 2.71962 107232 114947 1.23176 31948 151259 173168 197993 2.26090 2.57853 2.93719 07768 116097 1.25023 134587 155797 180094 2.07893 2.39656 2.75903 3.17217 0 12 108307 17258 126899 1.37279 .60471 1.87298 2.18287 2.54035 2.95216 3.42594 108849 118430 .28802 40024 1.65285 4790 2.29202 269277 3.15882 3.70002 09393119615 30734 42825 1.70243 2.02582 2.40662 285434 3.37993 3.99602 109940 .2081 1.32695 45681 1.7535 210685 2.52695 3.02560 3.61653 4.31570 10490 122019 134686 148595 1.80611 2.19112 265330 3.207143.86968 4.66096 11042 23239 136706 51567 1.86029 2.27877 2.78596 3.39956 4.14056 5.03383 11597 24472 138756 54598 191610 2.36992 292526 3.603544.43040 5.43654 12155 25716 40838 57690 .97359 246472 .07152 3.81975 4.74053 5,87146 1.12716 26973 142950 608442.03279 2.56330 3.22510 .04893 5.07237 6.34118 1.13280 .28243145095 6406 2.09378 2.66584 3.38635 4.29187 5.42743 6,84848

Expert Answer

Compound interest of her investment=principle*Future value factor 10 years*3 quarters

=$8,500*FVF@6%,30 years

=$8,500*5.743

=$48,815.50

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