3 Year 6% 10% 1 0.943 0.909 2 0.890 0.826 0.840 0.751 4 0.792 0.683 5 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 1 0.943 1.833 2.673 3.465 4.212 12% 0.893 1.690 2.402 3.037 5 3.605 Using the tables provided, the present value of $9,186.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is Oa. $9,186 Ob. $22,065 Oc. $27,898 Od. $33,116 2 12% 0.893 0.797 0.712 0.636 0.567 3 4 10% 0.909 1.736 2.487 3.170 3.791
3 Year 6% 10% 1 0.943 0.909 2 0.890 0.826 0.840 0.751 4 0.792 0.683 5 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 1 0.943 1.833 2.673 3.465 4.212 12% 0.893 1.690 2.402 3.037 5 3.605 Using the tables provided, the present value of $9,186.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is Oa. $9,186 Ob. $22,065 Oc. $27,898 Od. $33,116 2 12% 0.893 0.797 0.712 0.636 0.567 3 4 10% 0.909 1.736 2.487 3.170 3.791
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Following is a table for the present value of $1 at compound interest:
Year 6%
10%
1
0.943
0.909
0.890
0.826
0.840
0.751
0.792
0.683
5
0.747
0.621
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
3.465
3.170
3.037
5
4.212
3.791
3.605
Using the tables provided, the present value of $9,186.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is
Oa. $9,186
Ob. $22,065
2
3
4
4
Oc. $27,898
Od. $33,116
12%
0.893
0.797
0.712
0.636
0.567
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