006's 7,075 6% 0.943 0.890 0.840 0.792 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636
006's 7,075 6% 0.943 0.890 0.840 0.792 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject - account
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Transcribed Image Text:Using the following partial table of the present value of $1 at compound interest, what is the present value of $25,000 to be received 4 years hence, with earnings at the rate of 10% a year?
Year
1
2
3
4
a $15,900
b. $17,075
Oc. $19,800
d. $22,725
6%
0.943
0.890
0.840
0.792
10%
0.909
0.826
0.751
0.683
12%
0.893
0.797
0.712
0.636
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