The present value of $66,000 to be received in two years, at 12% compounded annually, isneeded.Present Value of $1 at Compound InterestPeriods5%6%7%10%12%10.952380.943400.934580.909090.8928620.907030.890000.873440.826450.7971930.863840.839620.816300.751320.7117840.822700.792090.762900.683010.6355250.783530.747260.71299 0.620920.5674360.746220.704960.666340.564470.5066370.710680.665060.622750.513160.4523580.676840.627410.582010.46651 0.4038890.644610.591900.543930.424100.36061100.558400.385540.613910.508350.32197Oa. $54,546Ob. $58,740Oc. $52,615Od. $57,647A(rounded to nearest dollar). Use the following table, if

We will use the concept of time value of money here. As per the concept of time value of money the…

The present value of $66,000 to be received in two years, at 12% compounded annually, is needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.89286 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 (rounded to nearest dollar). Use the following table, if

The present value of $66,000 to be received in two years, at 12% compounded annually, is needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.89286 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 (rounded to nearest dollar). Use the following table, if

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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