Activity 1 - Calculate the future value (simple and compound interest)

for the following given problem, and create a breakdown table for each.

1 2
Principal 325000 Principal
Annual Rate 2% Annual Rate
Time/Year 25 Time/Year
Future Value $533,196.95 Future Value

COMPOUND INTEREST TABLE

YEAR RATE BEG. AMOUNT
AMOUNT AFTER YEARINTEREST
0
1 2% 325000 331,500.00 6,500.00
2 2% 331,500.00 338,130.00 6,630.00
3 2% 338,130.00 344,892.60 6,762.60
4 2% 344,892.60 351,790.45 6,897.85
5 2% 351,790.45 358,826.26 7,035.81
6 2% 358,826.26 366,002.79 7,176.53
7 2% 366,002.79 373,322.85 7,320.06
8 2% 373,322.84 380,789.30 7,466.46
9 2% 380,789.30 388,405.09 7,615.79
10 2% 388,405.08 396,173.18 7,768.10
11 2% 396,173.19 404,096.65 7,923.46
12 2% 404,096.65 412,178.58 8,081.93
13 2% 412,178.58 420,422.15 8,243.57
14 2% 420,422.15 428,830.59 8,408.44
15 2% 428,830.60 437,407.21 8,576.61
16 2% 437,407.21 446,155.35 8,748.14
17 2% 446,155.35 455,078.46 8,923.11
18 2% 455,078.46 464,180.03 9,101.57
19 2% 464,180.03 473,463.63 9,283.60
20 2% 473,463.63 482,932.90 9,469.27
21 2% 482,932.90 492,591.56 9,658.66
22 2% 492,591.56 502,443.39 9,851.83
23 2% 502,443.39 512,492.26 10,048.87
24 2% 512,492.26 522,742.11 10,249.85
 25 2% 522,742.11 533,196.95 10,454.84

COMPOUND INTEREST TABLE

YEAR RATE BEG AMOUNT
AMOUNT AFTER YEARINTEREST
0
1 7% 70000 74900 4900
2 7% 74900 80143 5243
3 7% 80143 85753.01 5610.01
4 7% 85753.01 91755.7207 6002.7107
5 7% 91755.7207 98178.621149 6422.900449
6 7% 98178.621149 105051.1246294 6872.50348043
7 7% 105051.124629 112404.7033535 7353.57872406
8 7% 112404.703353 120273.0325882 7868.32923474
9 7% 120273.032588 128692.1448694 8419.11228118
10 7% 128692.144869 137700.5950103 9008.45014086
11 7% 137700.59501 147339.636661 9639.04165072
12 7% 147339.636661 157653.4112273 10313.7745663
 70000
7%
12
$157,653.41

SIMPLE INTEREST TABLE

YEAR RATE BEG. AMOUNT
AMOUNT AFTER YEAR
INTEREST
0
1 2% 325000 331500 6500
2 2% 331500 338130 6630
3 2% 338130 344892.6 6762.6
4 2% 344892.6 351790.452 6897.852
5 2% 351790.452 358826.26104 7035.80904
6 2% 358826.26104 366002.786261 7176.5252208
7 2% 366002.786261 373322.841986 7320.05572522
8 2% 373322.841986 380789.298826 7466.45683972
9 2% 380789.298826 388405.084802 7615.78597651
10 2% 388405.084802 396173.186498 7768.10169605
11 2% 396173.186498 404096.650228 7923.46372997
12 2% 404096.650228 412178.583233 8081.93300457
13 2% 412178.583233 420422.154897 8243.57166466
14 2% 420422.154897 428830.597995 8408.44309795
15 2% 428830.597995 437407.209955 8576.61195991
16 2% 437407.209955 446155.354154 8748.14419911
17 2% 446155.354154 455078.461238 8923.10708309
18 2% 455078.461238 464180.030462 9101.56922475
19 2% 464180.030462 473463.631072 9283.60060925
20 2% 473463.631072 482932.903693 9469.27262143
21 2% 482932.903693 492591.561767 9658.65807386
22 2% 492591.561767 502443.393002 9851.83123534
23 2% 502443.393002 512492.260862 10048.86786
24 2% 512492.260862 522742.106079 10249.8452172
 25 2% 522742.106079 533196.948201 10454.8421216

SIMPLE INTEREST TABLE

YEAR RATE BEG AMOUNT
AMOUNT AFTER YEAR
INTEREST
0
1 7% 70000 74900 4900
2 7% 74900 80143 5243
3 7% 80143 85753.01 5610.01
4 7% 85753.01 91755.7207 6002.7107
5 7% 91755.7207 98178.621149 6422.900449
6 7% 98178.621149 105051.124629 6872.50348043
7 7% 105051.124629 112404.703353 7353.57872406
8 7% 112404.703353 120273.032588 7868.32923474
9 7% 120273.032588 128692.144869 8419.11228118
10 7% 128692.144869 137700.59501 9008.45014086
11 7% 137700.59501 147339.636661 9639.04165072
12 7% 147339.636661 157653.411227 10313.7745663