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Assuming a 14% interest rate, which of the following is closest to the total present value of the fo payments? Year 3 $12,000 Year 5 $10,000 Present Value of $1 Periods 14% 1 2 3 4 5 6 7 8 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 9 0.308 10 0.270 $12.978 $13,290 $8,100 O $32,054 Present Value of Annuity Periods 14% 1 2 1.647 3 2.322 4 6 7 8 0.877 53.433 9 10 2.914 3.889 4.288 4.639 4.946 5.216

Assuming a 14% interest rate, which of the following is closest to the total present value of the fo payments? Year 3 $12,000 Year 5 $10,000 Present Value of $1 Periods 14% 1 2 3 4 5 6 7 8 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 9 0.308 10 0.270 $12.978 $13,290 $8,100 O $32,054 Present Value of Annuity Periods 14% 1 2 1.647 3 2.322 4 6 7 8 0.877 53.433 9 10 2.914 3.889 4.288 4.639 4.946 5.216

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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Assuming a 14% interest rate, which of the following is closest to the total present value of the following payments? Year 3 $12,000 Year 5 $10,000 Present Value of $1 Periods 14% 1 0.877 2 0.769 3 0.675 4 0.592 5 0.519 0.456 0.400 6 7 8 9 0.351 0.308 10 0,270 $12.978 $13,290 $8,100 O $32,054 Present Value of Annuity Periods 14% 0.877 2 1.647 3 2.322 4 2.914 3.433 3.889 4.288 1 5 6 7 8 9 10 4.639 4.946 5.216
Transcribed Image Text:Assuming a 14% interest rate, which of the following is closest to the total present value of the following payments? Year 3 $12,000 Year 5 $10,000 Present Value of $1 Periods 14% 1 0.877 2 0.769 3 0.675 4 0.592 5 0.519 0.456 0.400 6 7 8 9 0.351 0.308 10 0,270 $12.978 $13,290 $8,100 O $32,054 Present Value of Annuity Periods 14% 0.877 2 1.647 3 2.322 4 2.914 3.433 3.889 4.288 1 5 6 7 8 9 10 4.639 4.946 5.216
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