What is the present value of $39,000 due 8 periods hence, discounted at 9%?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Click here to view the factor table.
https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf
![Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (For calculation
purposes, use 5 decimal places as displayed in the factor table provided.)
Click here to view the factor table.
(a)
Your answer is incorrect.
What is the present value of $39,000 due 8 periods hence, discounted at 9%? (Round answer to 0 decimal places, e.g. 458,581.)
Present value
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34d39111-954d-4fc5-ad15-d1470696f45d%2F1eb42f3f-242a-4780-bf8b-cb7bfab062a6%2Fxp666ag_processed.png&w=3840&q=75)
Transcribed Image Text:Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (For calculation
purposes, use 5 decimal places as displayed in the factor table provided.)
Click here to view the factor table.
(a)
Your answer is incorrect.
What is the present value of $39,000 due 8 periods hence, discounted at 9%? (Round answer to 0 decimal places, e.g. 458,581.)
Present value
%24
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