The present value of $66,000 to be received in two years, at 12% compounded annually, isneeded.Present Value of $1 at Compound InterestPeriods5%6%7%10%12%10.952380.943400.934580.909090.8928620.907030.890000.873440.826450.7971930.863840.839620.816300.751320.7117840.822700.792090.762900.683010.6355250.783530.747260.71299 0.620920.5674360.746220.704960.666340.564470.5066370.710680.665060.622750.513160.4523580.676840.627410.582010.46651 0.4038890.644610.591900.543930.424100.36061100.558400.385540.613910.508350.32197Oa. $54,546Ob. $58,740Oc. $52,615Od. $57,647A(rounded to nearest dollar). Use the following table, if

We will use the concept of time value of money here. As per the concept of time value of money the…

The present value of $66,000 to be received in two years, at 12% compounded annually, is needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.89286 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 (rounded to nearest dollar). Use the following table, if

The present value of $66,000 to be received in two years, at 12% compounded annually, is needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.89286 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 (rounded to nearest dollar). Use the following table, if

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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The present value of $40,000 to be received in two years, at 12% compounded annually, is Present Value of $1 at Compound Interest Periods 1 2 3 4 6 7 8 9 10 5% 0.95238 0.90703 0.82270 0.78353 0.74622 0.89000 0.87344 0.86384 0.83962 0.81630 0.79209 0.76290 0.74726 0.71068 0.67684 0.64461 0.61391 a. $40,000 Ob. $48,112 Oc. $8,112 Od. $31,888 6% 0.94340 7% 0.93458 0.70496 0.71299 10% 0.90909 0.82645 0.75132 0.68301 0.62092 0.66634 0.56447 0.66506 0.62275 0.51316 0.62741 0.58201 0.46651 0.59190 0.54393 0.55840 0.50835 0.38554 0.42410 12% 0.89286 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.40388 0.36061 0.32197 (rounded to nearest dollar). Use the following table, if needed.
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