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An accountant wishes to find the present value of an annuity of $1 payable at the beginning of each period at 12% for seven periods. The accountant has only one present value table which shows the present value of an annuity of $1 payable at the end of each period. To compute the present value, the accountant would use the present value factor in the 12% column for O seven periods and multiply by (1 + 0.12). O six periods. eight periods and multiply by (1 - 0.12). O seven periods.

An accountant wishes to find the present value of an annuity of $1 payable at the beginning of each period at 12% for seven periods. The accountant has only one present value table which shows the present value of an annuity of $1 payable at the end of each period. To compute the present value, the accountant would use the present value factor in the 12% column for O seven periods and multiply by (1 + 0.12). O six periods. eight periods and multiply by (1 - 0.12). O seven periods.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An accountant wishes to find the present value of an annuity of $1 payable at the beginning of each period at 12% for seven periods. The accountant has only one present value table which shows the present value of an annuity of $1 payable at the end of each period. To compute the present value, the accountant would use the present value factor in the 12% column for seven periods and multiply by (1 + 0.12). six periods. eight periods and multiply by (1 – 0.12). O seven periods.
Transcribed Image Text:An accountant wishes to find the present value of an annuity of $1 payable at the beginning of each period at 12% for seven periods. The accountant has only one present value table which shows the present value of an annuity of $1 payable at the end of each period. To compute the present value, the accountant would use the present value factor in the 12% column for seven periods and multiply by (1 + 0.12). six periods. eight periods and multiply by (1 – 0.12). O seven periods.
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