Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 Amount Length of time PV of amount desired at Period desired at Rate Compounded Rate used PV factor used used end of period end of period 2$ 6,400 8 years 8 % semiannually %

Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 Amount Length of time PV of amount desired at Period desired at Rate Compounded Rate used PV factor used used end of period end of period 2$ 6,400 8 years 8 % semiannually %

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 41E

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Complete the following using present value. (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) Amount desired at end of period: $17,600 Lenght of time: 7 years Rate: 12% Compounded: Quartely Period used: _____________ ? Rate used:_______________% ? PV factor used: __________________ ? PV of amount desired at the end of period ______________ ?
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