Periods 1% 1 0.9901 2% 0.9804 2 1.9704 1.9416 3 2.9410 2.8839 4 3.9020 3.8077 5 4.8534 4.7135 6 5.7955 7 8 6.7282 7.6517 3% 4% 0.9709 0.9615 1.9135 1.8861 2.8286 2.7751 3.7171 3.6299 4.5797 4.4518 5.6014 5.4172 5.2421 6.4720 6.2303 6.0021 7.3255 7.0197 6.7327 Use the partial present value of an annuity table to determine the present value of seven $125,000 payments that would arrive at the end of every year assuming an interest rate of 4 percent? (Round to O decimal places.) $875,000 $125,000 $750,263 $130,000
Periods 1% 1 0.9901 2% 0.9804 2 1.9704 1.9416 3 2.9410 2.8839 4 3.9020 3.8077 5 4.8534 4.7135 6 5.7955 7 8 6.7282 7.6517 3% 4% 0.9709 0.9615 1.9135 1.8861 2.8286 2.7751 3.7171 3.6299 4.5797 4.4518 5.6014 5.4172 5.2421 6.4720 6.2303 6.0021 7.3255 7.0197 6.7327 Use the partial present value of an annuity table to determine the present value of seven $125,000 payments that would arrive at the end of every year assuming an interest rate of 4 percent? (Round to O decimal places.) $875,000 $125,000 $750,263 $130,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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