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Present and future value tables of $1 at 9% are presented below. ...

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Accounting

Present and future value tables of $1 at 9% are presented below.

PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1
1 0.91743 1.09000 0.91743 1.0900 1.0000
2 0.84168 1.18810 1.75911 2.2781 2.0900
3 0.77218 1.29503 2.53129 3.5731 3.2781
4 0.70843 1.41158 3.23972 4.9847 4.5731
5 0.64993 1.53862 3.88965 6.5233 5.9847
6 0.59627 1.67710 4.48592 8.2004 7.5233

Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $2,600 at the end of each of the next five years and a lump sum receipt of $4,100 at the end of the sixth year. The total present value of these payments if interest is at 9% is:

Multiple Choice

  • $15,714.

  • $14,214.

  • $10,113.

  • $12,558.

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