The present value of $800 to be received 14 years from now discounted back to the present at 9 percent is $ (Round to the nearest cent.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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(Related to Checkpoint 5.4) (Present value) What is the present value of $800 to be received 14 years from now
discounted back to the present at 9 percent?
The present value of $800 to be received 14 years from now discounted back to the present at 9 percent is $
(Round to the nearest cent.)
Transcribed Image Text:(Related to Checkpoint 5.4) (Present value) What is the present value of $800 to be received 14 years from now discounted back to the present at 9 percent? The present value of $800 to be received 14 years from now discounted back to the present at 9 percent is $ (Round to the nearest cent.)
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