Following 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 Following 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 provided, the present value of $47,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%, is
Following 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 Following 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 provided, the present value of $47,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%, is
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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Following 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 |
Following 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 provided, the present value of $47,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%, is
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