The following investment requires table factors for periods beyond the table. Create the new table factor, rounded to five decimal places, and calculate the present value, rounding to the nearest cent. $$\begin{array} { l l l l l l }
& \text { Term of } & \text { Nominal } & \text { Interest } & \text { New Table } & \text { Present } \
\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Factor } & \text { Value } \
\$ \$ 10,000 & 28 \text { years } & 11 \% & \text { annually } &-------- &-------- \

\end{array}$$

Question

The following investment requires table factors for periods beyond the table. Create the new table factor, rounded to five decimal places, and calculate the present value, rounding to the nearest cent. $$\begin{array} { l l l l l l } 
& \text { Term of } & \text { Nominal } & \text { Interest } & \text { New Table } & \text { Present } \
\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Factor } & \text { Value } \
\$ \$ 10,000 & 28 \text { years } & 11 \% & \text { annually } &-------- &-------- \

\end{array}$$

Quizplus · Accepted Answer

The Answer of The following investment requires table factors for periods beyond the table. Create the new table factor, rounded to five decimal places, and calculate the present value, rounding to the nearest cent. $$\begin{array} { l l l l l l } 
& \text { Term of } & \text { Nominal } & \text { Interest } & \text { New Table } & \text { Present } \
\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Factor } & \text { Value } \
\$ \$ 10,000 & 28 \text { years } & 11 \% & \text { annually } &-------- &-------- \

\end{array}$$

The Following Investment Requires Table Factors for Periods Beyond the Table