The present value of $42,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0,95238 0.94340 0.93458 0.90909 0.89286 0.90703 0.89000 0.87344 0.82645 0.79719 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 0.78353 0.74726 0.71299 0.62092 0.56743 6. 0.74622 0.70496 0.66634 0.56447 0.50663 0.71068 0.66506 0.62275 0.51316 0.45235 0.67684 0.62741 0.58201 0.46651 0.40388 6. 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 Oa. $36,684 Ob. $37,380 Oc. $33,482 Od. $34,711
The present value of $42,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0,95238 0.94340 0.93458 0.90909 0.89286 0.90703 0.89000 0.87344 0.82645 0.79719 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 0.78353 0.74726 0.71299 0.62092 0.56743 6. 0.74622 0.70496 0.66634 0.56447 0.50663 0.71068 0.66506 0.62275 0.51316 0.45235 0.67684 0.62741 0.58201 0.46651 0.40388 6. 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 Oa. $36,684 Ob. $37,380 Oc. $33,482 Od. $34,711
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The present value of $42,000 to be received in two years, at 12% compounded annually, is
(rounded to nearest dollar). Use the following table, if needed.
Present Value of $1 at Compound Interest
Periods
5%
6%
7%
10%
12%
1
0.95238
0.94340
0.93458
0.90909
0.89286
0.90703
0.89000
0.87344
0.82645
0.79719
0.86384
0.83962
0.81630
0.75132
0.71178
4
0.82270
0.79209
0.76290
0.68301
0.63552
0.78353
0.74726
0.71299
0.62092
0.56743
6.
0.74622
0.70496
0.66634
0.56447
0.50663
0.71068
0.66506
0.62275
0.51316
0.45235
8.
0.67684
0.62741
0.58201
0.46651
0.40388
6.
0.64461
0.59190
0.54393
0.42410
0.36061
10
0.61391
0.55840
0.50835
0.38554
0.32197
Oa. $36,684
Ob. $37,380
Oc. $33,482
Od. $34,711
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