It value of in two years, at 12% compounded annualy, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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The present value of $30,000 to be received in two years, at 12% compounded annually, is
(rounded to nearest dollar). Use the following table, if needed.
Present Value of $1 at Compound Interest
Periods
5%
6%
7%
10%
12%
0.95238
0.94340
0.93458
0.90909
0.89286
2
0.90703
0.89000
0.87344
0.82645
0.79719
0.86384
0.83962
0.81630
0.75132
0.71178
0.82270
0.79209
0.76290
0.68301
0.63552
0.78353
0.74726
0.71299
0.62092
0.56743
6.
0.74622
0.70496
0.66634
0.56447
0.50663
7.
0.71068
0.66506
0.62275
0.51316
0.45235
8.
0.67684
0.62741
0.58201
0.46651
4031
9.
0.64461
0.59190
0.54393
0.42410
0.36061
10
0.61391
0.55840
0.50835
0.38554
0.32197
Oa, s23,916
Ob. $24,74
Oc 126,20)
Od. 1200
Transcribed Image Text:The present value of $30,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 0.86384 0.83962 0.81630 0.75132 0.71178 0.82270 0.79209 0.76290 0.68301 0.63552 0.78353 0.74726 0.71299 0.62092 0.56743 6. 0.74622 0.70496 0.66634 0.56447 0.50663 7. 0.71068 0.66506 0.62275 0.51316 0.45235 8. 0.67684 0.62741 0.58201 0.46651 4031 9. 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 Oa, s23,916 Ob. $24,74 Oc 126,20) Od. 1200
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