The rate of earnings is 6% and the cash to be received in 4 years is $29,702. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points) Year 1 2 6% 0.943 0.890 0.840 0.792 3 4 O a $20,286.47 O b. $24,949.68 c. $18,890.47 d. $23,523.98 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The rate of earnings is 6% and the cash to be received in 4 years is $29,702. The present value amount, using the following partial table
of present value of $1 at compound interest is (round to two decimal points)
Year
6%
0.943
0.890
0.840
1
2
3
4
O a. $20,286.47
O b. $24,949.68
Oc. $18,890.47
d. $23,523.98
0.792
10%
0.909
0.826
0.751
0.683
12%
0.893
0.797
0.712
0.636
Transcribed Image Text:The rate of earnings is 6% and the cash to be received in 4 years is $29,702. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points) Year 6% 0.943 0.890 0.840 1 2 3 4 O a. $20,286.47 O b. $24,949.68 Oc. $18,890.47 d. $23,523.98 0.792 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636
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