How do you expect us to know what table you are working from.
With today's excellent scientific calculators, the use of "tables" that were found in the back of most textbooks in the past is no longer common practise.
Your question is simply
PV = 100000(1.05)^-50
= 100000(.087203726)
= $8,720.37
Your new "table factor" would be the .08720372 found in the brackets
I am sure that your table would not contain as many decimals, as a few keystrokes on your calculator will produce for you
this investment require table factors for periods beyond the table. create the new table factor AND the present value for $100,000 (compound amount) for 50 years at a nominal rate of 5 percent with interest compounded annually thanks
1 answer
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