Following is a table for the present value of $1 at compound interest:Year 6%10%10.9430.90920.8900.8260.8400.7510.7920.6830.7470.621345Following is a table for the present value of an annuity of $1 at compound interest:Year 6%10%10.9430.9091.8331.7362.6732.4873.1703.791234512%0.8930.7970.7120.6360.5673.4654.21212%0.8931.6902.4023.0373.605Using the tables provided, the present value of $7,414.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, isOa. $26,727Ob. $7,414Oc. $22,516Od. $17,808

Information is given in the question: The amount received at the end of each year is 7,414 Amount…

Following is a table for the present value of $1 at compound interest: Year 6% 10% 1 0.943 0.909 2 0.890 0.826 3 0.840 0.751 0.792 0.683 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 1 0.943 0.909 2 1.833 1.736 3 2.673 3.465 4.212 4 5 4 2.487 3.170 3.791 12% 0.893 0.797 0.712 0.636 0.567 12% 0.893 1.690 2.402 3.037 3.605 5 Using the tables provided, the present value of $7,414.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is Oa. $26,727 Ob. $7,414 Oc. $22,516 Od. $17,808

Following is a table for the present value of $1 at compound interest: Year 6% 10% 1 0.943 0.909 2 0.890 0.826 3 0.840 0.751 0.792 0.683 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 1 0.943 0.909 2 1.833 1.736 3 2.673 3.465 4.212 4 5 4 2.487 3.170 3.791 12% 0.893 0.797 0.712 0.636 0.567 12% 0.893 1.690 2.402 3.037 3.605 5 Using the tables provided, the present value of $7,414.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is Oa. $26,727 Ob. $7,414 Oc. $22,516 Od. $17,808

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 7MC

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Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 5 .747 .621 .567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received three years from today, assuming an earnings rate of 6%? a.$12,600 b.$40,095 c.$14,145 d.$13,350
elow is a table for the present value of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables above, what would be the present value of $30,000 to be received three years from today, assuming an earnings rate of 6%?
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Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables above, what would be the present value of $19,670 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%? a. $62,354 b. $19,670 c. $15,579 d. $13,435
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