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Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): i = 9% Future Amount n = Present Value 1. 28,000 14 2. 22,000 10% 17 3. $ 33,000 12% 28 4. $ 48,000 11% 13 %24 %24

Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): i = 9% Future Amount n = Present Value 1. 28,000 14 2. 22,000 10% 17 3. $ 33,000 12% 28 4. $ 48,000 11% 13 %24 %24

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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14. 

Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): Future Amount n = Present Value 1 $ 28,000 9% 14 2. 22,000 10% 17 3. $ 33,000 12% 28 4. $ 48,000 11% 13
Transcribed Image Text:Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): Future Amount n = Present Value 1 $ 28,000 9% 14 2. 22,000 10% 17 3. $ 33,000 12% 28 4. $ 48,000 11% 13
Expert Solution
Step 1

Formula to calculate Present Value.

PV=FV(1+i)n

Where,

FV = Future Value.

i = Rate of interest

n = Number of years

 

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