5MML GRADED PRACTICE UNIT 5 MM255
1 ,An investment of $7000 at 4% is compounded semiannually for five years. Find the future value and
compound interest. Use the $1.00 future value table or the future value and compound interest formula.
The future value of the investment is
$
(Round to the nearest cent as needed.) Periods 0.50%
1
1.00500
2
1.01003
3
1.01508
4
1.02015
5
1.02525
6
1.03038
7
1.03553
8
1.04071
9
1.04591
10
1.05114
11
1.05640
12
1.06168
13
1.06699
14
1.07232
15
1.07768
16
1.08307
17
1.08849
18
1.09393
19
1.09940
20
1.10490
21
1.11042
22
1.11597
23
1.12155
24
1.12716
25
1.13280
26
1.13846
27
1.14415
28
1.14987
29
1.15562
30
1.16140
Periods 0.50% 1.00% 1.50%
1.01000 1.01500
1.02010 1.03023
1.03030 1.04568
1.04060 1.06136
1.05101 1.07728
1.06152 1.09344
1.07214 1.10984
1.08286 1.12649
1.09369 1.14339
1.10462 1.16054
1.11567 1.17795
1.12683 1.19562
1.13809 1.21355
1.14947 1.23176
1.16097 1.25023
1.17258 1.26899
1.18430 1.28802
1.19615 1.30734
1.20811 1.32695
1.22019 1.34686
1.23239 1.36706
1.24472 1.38756
1.25716 1.40838
1.26973 1.42950
1.28243 1.45095
1.29526 1.47271
1.30821 1.49480
1.32129 1.51722
1.33450 1.53998
1.34785 1.56308
1.00% 1.50% 2.00%
1.02000
1.04040
1.06121
1.08243
1.10408
1.12616
1.14869
1.17166
1.19509
1.21899
1.24337
1.26824
1.29361
1.31948
1.34587
1.37279
1.40024
1.42825
1.45681
1.48595
1.51567
1.54598
1.57690
1.60844
1.64061
1.67342
1.70689
1.74102
1.77584
1.81136
2.00% 2.50% 3.00% 3.50% 4.00% 4.50%
1.02500 1.03000 1.03500 1.04000 1.04500
1.05063 1.06090 1.07123 1.08160 1.09203
1.07689 1.09273 1.10872 1.12486 1.14117
1.10381 1.12551 1.14752 1.16986 1.19252
1.13141 1.15927 1.18769 1.21665 1.24618
1.15969 1.19405 1.22926 1.26532 1.30226
1.18869 1.22987 1.27228 1.31593 1.36086
1.21840 1.26677 1.31681 1.36857 1.42210
1.24886 1.30477 1.36290 1.42331 1.48610
1.28008 1.34392 1.41060 1.48024 1.55297
1.31209 1.38423 1.45997 1.53945 1.62285
1.34489 1.42576 1.51107 1.60103 1.69588
1.37851 1.46853 1.56396 1.66507 1.77220
1.41297 1.51259 1.61869 1.73168 1.85194
1.44830 1.55797 1.67535 1.80094 1.93528
1.48451 1.60471 1.73399 1.87298 2.02237
1.52162 1.65285 1.79468 1.94790 2.11338
1.55966 1.70243 1.85749 2.02582 2.20848
1.59865 1.75351 1.92250 2.10685 2.30786
1.63862 1.80611 1.98979 2.19112 2.41171
1.67958 1.86029 2.05943 2.27877 2.52024
1.72157 1.91610 2.13151 2.36992 2.63365
1.76461 1.97359 2.20611 2.46472 2.75217
1.80873 2.03279 2.28333 2.56330 2.87601
1.85394 2.09378 2.36324 2.66584 3.00543
1.90029 2.15659 2.44596 2.77247 3.14068
1.94780 2.22129 2.53157 2.88337 3.28201
1.99650 2.28793 2.62017 2.99870 3.42970
2.04641 2.35657 2.71188 3.11865 3.58404
2.09757 2.42726 2.80679 3.24340 3.74532
2.50% 3.00% 3.50% 4.00% 4.50%
Rate per period
Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula 5.00%
1.05000
1.10250
1.15763
1.21551
1.27628
1.34010
1.40710
1.47746
1.55133
1.62889
1.71034
1.79586
1.88565
1.97993
2.07893
2.18287
2.29202
2.40662
2.52695
2.65330
2.78596
2.92526
3.07152
3.22510
3.38635
3.55567
3.73346
3.92013
4.11614
4.32194
5.00% 5.50%
1.05500
1.11303
1.17424
1.23882
1.30696
1.37884
1.45468
1.53469
1.61909
1.70814
1.80209
1.90121
2.00577
2.11609
2.23248
2.35526
2.48480
2.62147
2.76565
2.91776
3.07823
3.24754
3.42615
3.61459
3.81339
4.02313
4.24440
4.47784
4.72412
4.98395
5.50% N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R)
Rate per period
Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00%
1
1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000
2
1.01003 1.02010 1.03023 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250
3
1.01508 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 . 5.50%
1.05500
1.11303
1.17424 4
1.02015
5
1.02525
6
1.03038
7
1.03553
8
1.04071
9
1.04591
10
1.05114
11
1.05640
12
1.06168
13
1.06699
14
1.07232
15
1.07768
16
1.08307
17
1.08849
18
1.09393
19
1.09940
20
1.10490
21
1.11042
22
1.11597
23
1.12155
24
1.12716
25
1.13280
26
1.13846
27
1.14415
28
1.14987
29
1.15562
30
1.16140
Periods 0.50% 1.04060 1.06136
1.05101 1.07728
1.06152 1.09344
1.07214 1.10984
1.08286 1.12649
1.09369 1.14339
1.10462 1.16054
1.11567 1.17795
1.12683 1.19562
1.13809 1.21355
1.14947 1.23176
1.16097 1.25023
1.17258 1.26899
1.18430 1.28802
1.19615 1.30734
1.20811 1.32695
1.22019 1.34686
1.23239 1.36706
1.24472 1.38756
1.25716 1.40838
1.26973 1.42950
1.28243 1.45095
1.29526 1.47271
1.30821 1.49480
1.32129 1.51722
1.33450 1.53998
1.34785 1.56308
1.00% 1.50% 1.08243
1.10408
1.12616
1.14869
1.17166
1.19509
1.21899
1.24337
1.26824
1.29361
1.31948
1.34587
1.37279
1.40024
1.42825
1.45681
1.48595
1.51567
1.54598
1.57690
1.60844
1.64061
1.67342
1.70689
1.74102
1.77584
1.81136
2.00% 1.10381 1.12551 1.14752 1.16986 1.19252
1.13141 1.15927 1.18769 1.21665 1.24618
1.15969 1.19405 1.22926 1.26532 1.30226
1.18869 1.22987 1.27228 1.31593 1.36086
1.21840 1.26677 1.31681 1.36857 1.42210
1.24886 1.30477 1.36290 1.42331 1.48610
1.28008 1.34392 1.41060 1.48024 1.55297
1.31209 1.38423 1.45997 1.53945 1.62285
1.34489 1.42576 1.51107 1.60103 1.69588
1.37851 1.46853 1.56396 1.66507 1.77220
1.41297 1.51259 1.61869 1.73168 1.85194
1.44830 1.55797 1.67535 1.80094 1.93528
1.48451 1.60471 1.73399 1.87298 2.02237
1.52162 1.65285 1.79468 1.94790 2.11338
1.55966 1.70243 1.85749 2.02582 2.20848
1.59865 1.75351 1.92250 2.10685 2.30786
1.63862 1.80611 1.98979 2.19112 2.41171
1.67958 1.86029 2.05943 2.27877 2.52024
1.72157 1.91610 2.13151 2.36992 2.63365
1.76461 1.97359 2.20611 2.46472 2.75217
1.80873 2.03279 2.28333 2.56330 2.87601
1.85394 2.09378 2.36324 2.66584 3.00543
1.90029 2.15659 2.44596 2.77247 3.14068
1.94780 2.22129 2.53157 2.88337 3.28201
1.99650 2.28793 2.62017 2.99870 3.42970
2.04641 2.35657 2.71188 3.11865 3.58404
2.09757 2.42726 2.80679 3.24340 3.74532
2.50% 3.00% 3.50% 4.00% 4.50%
Rate per period
Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula 1.21551
1.27628
1.34010
1.40710
1.47746
1.55133
1.62889
1.71034
1.79586
1.88565
1.97993
2.07893
2.18287
2.29202
2.40662
2.52695
2.65330
2.78596
2.92526
3.07152
3.22510
3.38635
3.55567
3.73346
3.92013
4.11614
4.32194
5.00% 1.23882
1.30696
1.37884
1.45468
1.53469
1.61909
1.70814
1.80209
1.90121
2.00577
2.11609
2.23248
2.35526
2.48480
2.62147
2.76565
2.91776
3.07823
3.24754
3.42615
3.61459
3.81339
4.02313
4.24440
4.47784
4.72412
4.98395
5.50% N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R)
Rate per period
Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00%
1
1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000
2
1.01003 1.02010 1.03023 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250
3
1.01508 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763
4
1.02015 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551
5
1.02525 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628
6
1.03038 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010
7
1.03553 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 1.36086 1.40710
8
1.04071 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746
9
1.04591 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133
10
1.05114 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889
11
1.05640 1.11567 1.17795 1.24337 1.31209 1.38423 1.45997 1.53945 1.62285 1.71034
12
1.06168 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586
13
1.06699 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565
14
1.07232 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993
15
1.07768 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 . 5.50%
1.05500
1.11303
1.17424
1.23882
1.30696
1.37884
1.45468
1.53469
1.61909
1.70814
1.80209
1.90121
2.00577
2.11609
2.23248 16
1.08307
17
1.08849
18
1.09393
19
1.09940
20
1.10490
21
1.11042
22
1.11597
23
1.12155
24
1.12716
25
1.13280
26
1.13846
27
1.14415
28
1.14987
29
1.15562
30
1.16140
Periods 0.50% 1.17258 1.26899
1.18430 1.28802
1.19615 1.30734
1.20811 1.32695
1.22019 1.34686
1.23239 1.36706
1.24472 1.38756
1.25716 1.40838
1.26973 1.42950
1.28243 1.45095
1.29526 1.47271
1.30821 1.49480
1.32129 1.51722
1.33450 1.53998
1.34785 1.56308
1.00% 1.50% 1.37279
1.40024
1.42825
1.45681
1.48595
1.51567
1.54598
1.57690
1.60844
1.64061
1.67342
1.70689
1.74102
1.77584
1.81136
2.00% 1.48451 1.60471 1.73399 1.87298 2.02237
1.52162 1.65285 1.79468 1.94790 2.11338
1.55966 1.70243 1.85749 2.02582 2.20848
1.59865 1.75351 1.92250 2.10685 2.30786
1.63862 1.80611 1.98979 2.19112 2.41171
1.67958 1.86029 2.05943 2.27877 2.52024
1.72157 1.91610 2.13151 2.36992 2.63365
1.76461 1.97359 2.20611 2.46472 2.75217
1.80873 2.03279 2.28333 2.56330 2.87601
1.85394 2.09378 2.36324 2.66584 3.00543
1.90029 2.15659 2.44596 2.77247 3.14068
1.94780 2.22129 2.53157 2.88337 3.28201
1.99650 2.28793 2.62017 2.99870 3.42970
2.04641 2.35657 2.71188 3.11865 3.58404
2.09757 2.42726 2.80679 3.24340 3.74532
2.50% 3.00% 3.50% 4.00% 4.50%
Rate per period
Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula 2.18287
2.29202
2.40662
2.52695
2.65330
2.78596
2.92526
3.07152
3.22510
3.38635
3.55567
3.73346
3.92013
4.11614
4.32194
5.00% 2.35526
2.48480
2.62147
2.76565
2.91776
3.07823
3.24754
3.42615
3.61459
3.81339
4.02313
4.24440
4.47784
4.72412
4.98395
5.50% N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R) .
2.A loan of $1000 at 18% is compounded monthly for two years.
Find the future value and compound interest. Use the $1.00 future value table or the future value and
compound interest formula.
Click here to view page 1 of the future value table.
LOADING...
Click here to view page 2 of the future value table.
LOADING...
The future value of the loan is
$.
(Round to the nearest cent as needed.)
Rate per period
Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00%
1
1.00500 1.01000 1.01500 1.02000 1.02500 1.03000
2
1.01003 1.02010 1.03023 1.04040 1.05063 1.06090
3
1.01508 1.03030 1.04568 1.06121 1.07689 1.09273
4
1.02015 1.04060 1.06136 1.08243 1.10381 1.12551
5
1.02525 1.05101 1.07728 1.10408 1.13141 1.15927
6
1.03038 1.06152 1.09344 1.12616 1.15969 1.19405
7
1.03553 1.07214 1.10984 1.14869 1.18869 1.22987
8
1.04071 1.08286 1.12649 1.17166 1.21840 1.26677
9
1.04591 1.09369 1.14339 1.19509 1.24886 1.30477
10
1.05114 1.10462 1.16054 1.21899 1.28008 1.34392
11
1.05640 1.11567 1.17795 1.24337 1.31209 1.38423
12
1.06168 1.12683 1.19562 1.26824 1.34489 1.42576
13
1.06699 1.13809 1.21355 1.29361 1.37851 1.46853
14
1.07232 1.14947 1.23176 1.31948 1.41297 1.51259
15
1.07768 1.16097 1.25023 1.34587 1.44830 1.55797
16
1.08307 1.17258 1.26899 1.37279 1.48451 1.60471 3.50%
1.03500
1.07123
1.10872
1.14752
1.18769
1.22926
1.27228
1.31681
1.36290
1.41060
1.45997
1.51107
1.56396
1.61869
1.67535
1.73399 4.00%
1.04000
1.08160
1.12486
1.16986
1.21665
1.26532
1.31593
1.36857
1.42331
1.48024
1.53945
1.60103
1.66507
1.73168
1.80094
1.87298 4.50%
1.04500
1.09203
1.14117
1.19252
1.24618
1.30226
1.36086
1.42210
1.48610
1.55297
1.62285
1.69588
1.77220
1.85194
1.93528
2.02237 5.00%
1.05000
1.10250
1.15763
1.21551
1.27628
1.34010
1.40710
1.47746
1.55133
1.62889
1.71034
1.79586
1.88565
1.97993
2.07893
2.18287 5.50%
1.05500
1.11303
1.17424
1.23882
1.30696
1.37884
1.45468
1.53469
1.61909
1.70814
1.80209
1.90121
2.00577
2.11609
2.23248
2.35526 17
1.08849
18
1.09393
19
1.09940
20
1.10490
21
1.11042
22
1.11597
23
1.12155
24
1.12716
25
1.13280
26
1.13846
27
1.14415
28
1.14987
29
1.15562
30
1.16140
Periods 0.50% 1.18430 1.28802
1.19615 1.30734
1.20811 1.32695
1.22019 1.34686
1.23239 1.36706
1.24472 1.38756
1.25716 1.40838
1.26973 1.42950
1.28243 1.45095
1.29526 1.47271
1.30821 1.49480
1.32129 1.51722
1.33450 1.53998
1.34785 1.56308
1.00% 1.50% 1.40024
1.42825
1.45681
1.48595
1.51567
1.54598
1.57690
1.60844
1.64061
1.67342
1.70689
1.74102
1.77584
1.81136
2.00% 1.52162 1.65285 1.79468 1.94790 2.11338
1.55966 1.70243 1.85749 2.02582 2.20848
1.59865 1.75351 1.92250 2.10685 2.30786
1.63862 1.80611 1.98979 2.19112 2.41171
1.67958 1.86029 2.05943 2.27877 2.52024
1.72157 1.91610 2.13151 2.36992 2.63365
1.76461 1.97359 2.20611 2.46472 2.75217
1.80873 2.03279 2.28333 2.56330 2.87601
1.85394 2.09378 2.36324 2.66584 3.00543
1.90029 2.15659 2.44596 2.77247 3.14068
1.94780 2.22129 2.53157 2.88337 3.28201
1.99650 2.28793 2.62017 2.99870 3.42970
2.04641 2.35657 2.71188 3.11865 3.58404
2.09757 2.42726 2.80679 3.24340 3.74532
2.50% 3.00% 3.50% 4.00% 4.50%
Rate per period
Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula 2.29202
2.40662
2.52695
2.65330
2.78596
2.92526
3.07152
3.22510
3.38635
3.55567
3.73346
3.92013
4.11614
4.32194
5.00% 2.48480
2.62147
2.76565
2.91776
3.07823
3.24754
3.42615
3.61459
3.81339
4.02313
4.24440
4.47784
4.72412
4.98395
5.50% N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R) . PrintDone Periods 0.50%
1
1.00500
2
1.01003
3
1.01508
4
1.02015
5
1.02525
6
1.03038
7
1.03553
8
1.04071
9
1.04591
10
1.05114
11
1.05640
12
1.06168
13
1.06699
14
1.07232
15
1.07768
16
1.08307
17
1.08849
18
1.09393
19
1.09940
20
1.10490
21
1.11042
22
1.11597
23
1.12155
24
1.12716
25
1.13280
26
1.13846 1.00% 1.50%
1.01000 1.01500
1.02010 1.03023
1.03030 1.04568
1.04060 1.06136
1.05101 1.07728
1.06152 1.09344
1.07214 1.10984
1.08286 1.12649
1.09369 1.14339
1.10462 1.16054
1.11567 1.17795
1.12683 1.19562
1.13809 1.21355
1.14947 1.23176
1.16097 1.25023
1.17258 1.26899
1.18430 1.28802
1.19615 1.30734
1.20811 1.32695
1.22019 1.34686
1.23239 1.36706
1.24472 1.38756
1.25716 1.40838
1.26973 1.42950
1.28243 1.45095
1.29526 1.47271 2.00%
1.02000
1.04040
1.06121
1.08243
1.10408
1.12616
1.14869
1.17166
1.19509
1.21899
1.24337
1.26824
1.29361
1.31948
1.34587
1.37279
1.40024
1.42825
1.45681
1.48595
1.51567
1.54598
1.57690
1.60844
1.64061
1.67342 Rate per period
2.50% 3.00%
1.02500 1.03000
1.05063 1.06090
1.07689 1.09273
1.10381 1.12551
1.13141 1.15927
1.15969 1.19405
1.18869 1.22987
1.21840 1.26677
1.24886 1.30477
1.28008 1.34392
1.31209 1.38423
1.34489 1.42576
1.37851 1.46853
1.41297 1.51259
1.44830 1.55797
1.48451 1.60471
1.52162 1.65285
1.55966 1.70243
1.59865 1.75351
1.63862 1.80611
1.67958 1.86029
1.72157 1.91610
1.76461 1.97359
1.80873 2.03279
1.85394 2.09378
1.90029 2.15659 3.50%
1.03500
1.07123
1.10872
1.14752
1.18769
1.22926
1.27228
1.31681
1.36290
1.41060
1.45997
1.51107
1.56396
1.61869
1.67535
1.73399
1.79468
1.85749
1.92250
1.98979
2.05943
2.13151
2.20611
2.28333
2.36324
2.44596 4.00%
1.04000
1.08160
1.12486
1.16986
1.21665
1.26532
1.31593
1.36857
1.42331
1.48024
1.53945
1.60103
1.66507
1.73168
1.80094
1.87298
1.94790
2.02582
2.10685
2.19112
2.27877
2.36992
2.46472
2.56330
2.66584
2.77247 4.50%
1.04500
1.09203
1.14117
1.19252
1.24618
1.30226
1.36086
1.42210
1.48610
1.55297
1.62285
1.69588
1.77220
1.85194
1.93528
2.02237
2.11338
2.20848
2.30786
2.41171
2.52024
2.63365
2.75217
2.87601
3.00543
3.14068 5.00%
1.05000
1.10250
1.15763
1.21551
1.27628
1.34010
1.40710
1.47746
1.55133
1.62889
1.71034
1.79586
1.88565
1.97993
2.07893
2.18287
2.29202
2.40662
2.52695
2.65330
2.78596
2.92526
3.07152
3.22510
3.38635
3.55567 5.50%
1.05500
1.11303
1.17424
1.23882
1.30696
1.37884
1.45468
1.53469
1.61909
1.70814
1.80209
1.90121
2.00577
2.11609
2.23248
2.35526
2.48480
2.62147
2.76565
2.91776
3.07823
3.24754
3.42615
3.61459
3.81339
4.02313 27
1.14415
28
1.14987
29
1.15562
30
1.16140
Periods 0.50% 1.30821 1.49480
1.32129 1.51722
1.33450 1.53998
1.34785 1.56308
1.00% 1.50% 1.70689
1.74102
1.77584
1.81136
2.00% 1.94780 2.22129 2.53157 2.88337 3.28201
1.99650 2.28793 2.62017 2.99870 3.42970
2.04641 2.35657 2.71188 3.11865 3.58404
2.09757 2.42726 2.80679 3.24340 3.74532
2.50% 3.00% 3.50% 4.00% 4.50%
Rate per period
Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula 3.73346
3.92013
4.11614
4.32194
5.00% 4.24440
4.47784
4.72412
4.98395
5.50% N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R) . PrintDone 3.A bank made a farmer a loan of $1,400 at 15% for three years compounded annually. Find the future
value and the compound interest paid on the loan. Compare the compound interest with simple interest
for the same period.
Future
Value equals=$
(Round to the nearest cent as needed.)
4.Tom Bond borrowed $6,800 at 6one half12% for three years compounded annually. What is the
compound amount of the loan and how much interest will he pay on the loan?
Compound
amountequals=$
(Round to the nearest cent as needed.)
A bank loaned John Smith $4,000
For four years compounded annually at 6%.
How much interest was John required to pay on the loan? Use the $1.00 future value table or the future
value and compound interest formula.
Click here to view page 1 of the future value table.
LOADING...
Click here to view page 2 of the future value table.
LOADING...
John was required to pay
$
of interest. (Round to the nearest cent as needed.)
Rate per period
Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00%
1
1.00500 1.01000 1.01500 1.02000 1.02500 1.03000
2
1.01003 1.02010 1.03023 1.04040 1.05063 1.06090
3
1.01508 1.03030 1.04568 1.06121 1.07689 1.09273
4
1.02015 1.04060 1.06136 1.08243 1.10381 1.12551
5
1.02525 1.05101 1.07728 1.10408 1.13141 1.15927
6
1.03038 1.06152 1.09344 1.12616 1.15969 1.19405
7
1.03553 1.07214 1.10984 1.14869 1.18869 1.22987
8
1.04071 1.08286 1.12649 1.17166 1.21840 1.26677
9
1.04591 1.09369 1.14339 1.19509 1.24886 1.30477
10
1.05114 1.10462 1.16054 1.21899 1.28008 1.34392
11
1.05640 1.11567 1.17795 1.24337 1.31209 1.38423
12
1.06168 1.12683 1.19562 1.26824 1.34489 1.42576
13
1.06699 1.13809 1.21355 1.29361 1.37851 1.46853 3.50%
1.03500
1.07123
1.10872
1.14752
1.18769
1.22926
1.27228
1.31681
1.36290
1.41060
1.45997
1.51107
1.56396 4.00%
1.04000
1.08160
1.12486
1.16986
1.21665
1.26532
1.31593
1.36857
1.42331
1.48024
1.53945
1.60103
1.66507 4.50%
1.04500
1.09203
1.14117
1.19252
1.24618
1.30226
1.36086
1.42210
1.48610
1.55297
1.62285
1.69588
1.77220 5.00%
1.05000
1.10250
1.15763
1.21551
1.27628
1.34010
1.40710
1.47746
1.55133
1.62889
1.71034
1.79586
1.88565 5.50%
1.05500
1.11303
1.17424
1.23882
1.30696
1.37884
1.45468
1.53469
1.61909
1.70814
1.80209
1.90121
2.00577 14
1.07232
15
1.07768
16
1.08307
17
1.08849
18
1.09393
19
1.09940
20
1.10490
21
1.11042
22
1.11597
23
1.12155
24
1.12716
25
1.13280
26
1.13846
27
1.14415
28
1.14987
29
1.15562
30
1.16140
Periods 0.50% 1.14947 1.23176
1.16097 1.25023
1.17258 1.26899
1.18430 1.28802
1.19615 1.30734
1.20811 1.32695
1.22019 1.34686
1.23239 1.36706
1.24472 1.38756
1.25716 1.40838
1.26973 1.42950
1.28243 1.45095
1.29526 1.47271
1.30821 1.49480
1.32129 1.51722
1.33450 1.53998
1.34785 1.56308
1.00% 1.50% 1.31948
1.34587
1.37279
1.40024
1.42825
1.45681
1.48595
1.51567
1.54598
1.57690
1.60844
1.64061
1.67342
1.70689
1.74102
1.77584
1.81136
2.00% 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993
1.44830 1.55797 1.67535 1.80094 1.93528 2.07893
1.48451 1.60471 1.73399 1.87298 2.02237 2.18287
1.52162 1.65285 1.79468 1.94790 2.11338 2.29202
1.55966 1.70243 1.85749 2.02582 2.20848 2.40662
1.59865 1.75351 1.92250 2.10685 2.30786 2.52695
1.63862 1.80611 1.98979 2.19112 2.41171 2.65330
1.67958 1.86029 2.05943 2.27877 2.52024 2.78596
1.72157 1.91610 2.13151 2.36992 2.63365 2.92526
1.76461 1.97359 2.20611 2.46472 2.75217 3.07152
1.80873 2.03279 2.28333 2.56330 2.87601 3.22510
1.85394 2.09378 2.36324 2.66584 3.00543 3.38635
1.90029 2.15659 2.44596 2.77247 3.14068 3.55567
1.94780 2.22129 2.53157 2.88337 3.28201 3.73346
1.99650 2.28793 2.62017 2.99870 3.42970 3.92013
2.04641 2.35657 2.71188 3.11865 3.58404 4.11614
2.09757 2.42726 2.80679 3.24340 3.74532 4.32194
2.50% 3.00% 3.50% 4.00% 4.50% 5.00%
Rate per period
4.Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula 2.11609
2.23248
2.35526
2.48480
2.62147
2.76565
2.91776
3.07823
3.24754
3.42615
3.61459
3.81339
4.02313
4.24440
4.47784
4.72412
4.98395
5.50% N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R) .
Rate per period
Periods 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 11.00%
1
1.0600 1.0650 1.0700 1.0750 1.08000 1.08500 1.09000 1.09500 1.10000 1.11000
0
0
0
0
2
1.1236 1.1342 1.1449 1.1556 1.16640 1.17723 1.18810 1.19903 1.21000 1.23210
0
3
0
3
3
1.1910 1.2079 1.2250 1.2423 1.25971 1.27729 1.29503 1.31293 1.33100 1.36763
2
5
4
0
4
1.2624 1.2864 1.3108 1.3354 1.36049 1.38586 1.41158 1.43766 1.46410 1.51807
8
7
0
7
5
1.3382 1.3700 1.4025 1.4356 1.46933 1.50366 1.53862 1.57424 1.61051 1.68506
3
9
5
3
6
1.4185 1.4591 1.5007 1.5433 1.58687 1.63147 1.67710 1.72379 1.77156 1.87041
2
4
3
0
7
1.5036 1.5539 1.6057 1.6590 1.71382 1.77014 1.82804 1.88755 1.94872 2.07616
3
9
8
5
8
1.5938 1.6550 1.7181 1.7834 1.85093 1.92060 1.99253 2.06687 2.14359 2.30454
5
0
9
8
9
1.6894 1.7625 1.8384 1.9172 1.99900 2.08386 2.17189 2.26322 2.35795 2.55804
8
7
6
4
10 1.7908 1.8771 1.9671 2.0610 2.15892 2.26098 2.36736 2.47823 2.59374 2.83942
5
4
5
3
11 1.8983 1.9991 2.1048 2.2156 2.33164 2.45317 2.58043 2.71366 2.85312 3.15176
0
5
5
1
12 2.0122 2.1291 2.2521 2.3817 2.51817 2.66169 2.81266 2.97146 3.13843 3.49845
0
0
9
8
13 2.1329 2.2674 2.4098 2.5604 2.71962 2.88793 3.06580 3.25375 3.45227 3.88328
3
9
5
1
14 2.2609 2.4148 2.5785 2.7524 2.93719 3.13340 3.34173 3.56285 3.79750 4.31044 12.00%
1.12000
1.25440
1.40493
1.57352
1.76234
1.97382
2.21068
2.47596
2.77308
3.10585
3.47855
3.89598
4.36349
4.88711 0
2.3965
6
16 2.5403
5
17 2.6927
7
18 2.8543
4
19 3.0256
0
20 3.2071
4
21 3.3995
6
22 3.6035
4
23 3.8197
5
24 4.0489
3
25 4.2918
7
26 4.5493
8
27 4.8223
5
28 5.1116
9
29 5.4183
9
30 5.7434
9
Periods 6.00%
15 7
2.5718
4
2.7390
1
2.9170
5
3.1066
5
3.3085
9
3.5236
5
3.7526
8
3.9966
1
4.2563
9
4.5330
5
4.8277
0
5.1415
0
5.4757
0
5.8316
2
6.2106
7
6.6143
7
6.50% 3
2.7590
3
2.9521
6
3.1588
2
3.3799
3
3.6165
3
3.8696
8
4.1405
6
4.4304
0
4.7405
3
5.0723
7
5.4274
3
5.8073
5
6.2138
7
6.6488
4
7.1142
6
7.6122
6
7.00% 4
2.9588
8
3.1807
9
3.4193
5
3.6758
0
3.9514
9
4.2478
5
4.5664
4
4.9089
2
5.2770
9
5.6728
7
6.0983
4
6.5557
2
7.0473
9
7.5759
5
8.1441
4
8.7549
6
7.50% 3.17217 3.39974 3.64248 3.90132 4.17725 4.78459 5.47357
3.42594 3.68872 3.97031 4.27195 4.59497 5.31089 6.13039
3.70002 4.00226 4.32763 4.67778 5.05447 5.89509 6.86604
3.99602 4.34245 4.71712 5.12217 5.55992 6.54355 7.68997
4.31570 4.71156 5.14166 5.60878 6.11591 7.26334 8.61276
4.66096 5.11205 5.60441 6.14161 6.72750 8.06231 9.64629 5.03383 5.54657 6.10881 6.72507 7.40025 8.94917 10.8038
5
5.43654 6.01803 6.65860 7.36395 8.14027 9.93357 12.1003
1
5.87146 6.52956 7.25787 8.06352 8.95430 11.0262 13.5523
7
5
6.34118 7.08457 7.91108 8.82956 9.84973 12.2391 15.1786
6
3
6.84848 7.68676 8.62308 9.66836 10.8347 13.5854 17.0000
1
6
6
7.39635 8.34014 9.39916 10.5868 11.9181 15.0798 19.0400
6
8
6
7
7.98806 9.04905 10.2450 11.5926 13.1099 16.7386 21.3248
8
1
9
5
8
8.62711 9.81822 11.1671 12.6939 14.4209 18.5799 23.8838
4
1
9
0
7
9.31727 10.6527 12.1721 13.8998 15.8630 20.6236 26.7499
7
8
3
9
9
3
10.0626 11.5582 13.2676 15.2203 17.4494 22.8923 29.9599
6
5
8
1
0
0
2
8.00% 8.50% 9.00% 9.50% 10.00% 11.00% 12.00%
Rate per period
5.Table shows future value (FV) of $1.00 compounded for N periods at R rate per period.
Table values can be generated using the formula
N FV equals $ 1 left parenthesis 1 plus Upper R right parenthesis Superscript Upper NFV=$1(1+R) .
Ross Land has a loan of $8,500 compounded quarterly for six
years at 6%.
What is the effective interest rate for the loan?
Click here to view page 1 of the future value table.
LOADING...
Click here to view page 2 of the future value table.
LOADING...
The effective interest rate is _______%. (Round to two decimal places as needed.)
Rate per period
Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50%
1
1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 2
1.01003 1.02010 1.03023 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303
3
1.01508 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424
4
1.02015 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882
5
1.02525 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696
6
1.03038 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884
7
1.03553 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 1.36086 1.40710 1.45468
8
1.04071 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469
9
1.04591 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1....

 

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