Calculate the present value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)         Future Value Annual Rate Interest Compounded Period Invested Present Value 1. $8,300 4 % Annually 3 years $7,378.70 2. 5,300 10 % Semiannually 6 years 4,578.35 3. 4,300 8 % Quarterly 2 years

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Calculate the present value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)


 

 

 
 

Future Value

Annual Rate

Interest Compounded

Period Invested

Present Value

1.

$8,300

4

%

Annually

3 years

$7,378.70

2.

5,300

10

%

Semiannually

6 years

4,578.35

3.

4,300

8

%

Quarterly

2 years

 

 

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