Following is a table for the present value of $1 at compound interest: 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 0.943 0.909 0.893 1.833 1.736 1.690 2.673 2.487 3.465 3.170 3.037 4.212 3.791 3.605 Year 1 2 3 4 5 6% 10% 2.402 Using the tables provided, the present value of $15,047 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is Oa: $11,917 Ob. $47,699 O c. $15,047 O d. $10,277
Following is a table for the present value of $1 at compound interest: 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 0.943 0.909 0.893 1.833 1.736 1.690 2.673 2.487 3.465 3.170 3.037 4.212 3.791 3.605 Year 1 2 3 4 5 6% 10% 2.402 Using the tables provided, the present value of $15,047 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is Oa: $11,917 Ob. $47,699 O c. $15,047 O d. $10,277
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1717
Transcribed Image Text:Following is a table for the present value of $1 at compound interest:
6%
12%
0.943
0.909
0.893
0.890
0.826 0.797
3
0.840
0.751 0.712
4
0.792
0.683
0.636
5
0.747
0.621 0.567
Following is a table for the present value of an annuity of $1 at compound interest:
Year
6%
10%
12%
1
0.909
0.893
2
1.736
1.690
2.487
2.402
3.170
3.037
3.605
Year
1
2
3
4
5
0.943
1.833
2.673
3.465
4.212
10%
3.791
Using the tables provided, the present value of $15,047 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is
Oa: $11,917
O b. $47,699
O c. $15,047
C.
O d. $10,277
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