Assume you receive $240,000 in five years and the annual interest rate is six percent. Factors for a six percent interest rate for five years are shown below: Present Value of $1 Present Value of an Annuity 4.2124 0.7473 It would be worth___. in today's dollars (rounded to the nearest dollar). $240,000 $179,352 $56,975 $321,156

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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Assume you receive $240,000 in five
years and the annual interest rate is six
percent. Factors for a six percent
interest rate for five years are shown
below:
Present Value of $1
Present Value of an Annuity 4.2124
0.7473
It would be worth___.
in today's
dollars (rounded to the nearest dollar).
$240,000
$179,352
$56,975
$321,156
Transcribed Image Text:Assume you receive $240,000 in five years and the annual interest rate is six percent. Factors for a six percent interest rate for five years are shown below: Present Value of $1 Present Value of an Annuity 4.2124 0.7473 It would be worth___. in today's dollars (rounded to the nearest dollar). $240,000 $179,352 $56,975 $321,156
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