The present value of $75,000 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 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 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The present value of $75,000 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
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
5 0.78353 0.74726 0.71299 0.62092 0.56743
6 0.74622 0.70496 0.66634 0.56447 0.50663
7 0.71068 0.66506 0.62275 0.51316 0.45235
8 0.67684 0.62741 0.58201 0.46651 0.40388
9 0.64461 0.59190 0.54393 0.42410 0.36061
10 0.61391 0.55840 0.50835 0.38554 0.32197
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