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What is the present value of $39,000 to be received at the end of each of 20 periods, discounted at 3% compound interest? (Round answer to O decimal places, e.g. 458,581.) Present value $

What is the present value of $39,000 to be received at the end of each of 20 periods, discounted at 3% compound interest? (Round answer to O decimal places, e.g. 458,581.) Present value $

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

**Problem Statement:** What is the present value of $39,000 to be received at the end of each of 20 periods, discounted at 3% compound interest? (Round answer to 0 decimal places, e.g., 458,581.) **Input Field:** - **Present value**: $ [Input box for entering the calculated present value] This problem requires calculating the present value of an annuity, where $39,000 is received at the end of each period for 20 periods with a discount rate of 3% compound interest.
Transcribed Image Text:**Problem Statement:** What is the present value of $39,000 to be received at the end of each of 20 periods, discounted at 3% compound interest? (Round answer to 0 decimal places, e.g., 458,581.) **Input Field:** - **Present value**: $ [Input box for entering the calculated present value] This problem requires calculating the present value of an annuity, where $39,000 is received at the end of each period for 20 periods with a discount rate of 3% compound interest.
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PVIF(3%,20) = 14.8775

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