Click here to view the factor table.https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf **Present Value Calculation Exercise**In this exercise, you will learn how to calculate the present value of a future amount using an interest table. Each question is independent of the others.**Instructions:**1. Use the appropriate interest table and calculate the present value using 5 decimal places as displayed in the factor table.2. Click the link to view the factor table.---**Question (a):**What is the present value of $39,000 due 8 periods from now, discounted at 9%?- Enter your answer in the provided box.- Round your answer to 0 decimal places (e.g., 458,581).**Note:** Your initial answer was incorrect. Please try again.

Present value is the sum of the current value of money of future cash flows. It is also known as a…

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Business

Accounting

What is the present value of $39,000 due 8 periods hence, discounted at 9%?

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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Question

Click here to view the factor table.

https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf

**Present Value Calculation Exercise**

In this exercise, you will learn how to calculate the present value of a future amount using an interest table. Each question is independent of the others.

**Instructions:**

1. Use the appropriate interest table and calculate the present value using 5 decimal places as displayed in the factor table.

2. Click the link to view the factor table.

---

**Question (a):**

What is the present value of $39,000 due 8 periods from now, discounted at 9%?

- Enter your answer in the provided box.
- Round your answer to 0 decimal places (e.g., 458,581).

**Note:** Your initial answer was incorrect. Please try again.

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