For the factor (F?P,10%,43), find the percent difference between the interpolated and formula-calculated values, assuming the formula-calculated value is the correct one.
What will be an ideal response?
Interpolated value: Interpolate between n = 40 and n = 45:
3/5 = x/(72.8905 – 45.2593)
x = 16.5787
(F/P,10%,43) = 45.2593 + 16.5787
= 61.8380
Formula value: (F/P,10%,43) = (1+ 0.10) 43
= 60.2401
% difference = [(61.8380 - 60.2401)/ 60.2401]*100
= 2.65%
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