The rate of earnings is 6% and the cash to be received in 4 years is $50,036. 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%   10%   12% 1 0.943       0.909       0.893     2 0.890       0.826       0.797     3 0.840       0.751       0.712     4 0.792       0.683       0.636

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The rate of earnings is 6% and the cash to be received in 4 years is $50,036. 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%   10%   12%
1 0.943       0.909       0.893    
2 0.890       0.826       0.797    
3 0.840       0.751       0.712    
4 0.792       0.683       0.636    
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