Question 5 Below is a table for the present value of $1 at compound interest....
50.1K
Verified Solution
Link Copied!
Question
Accounting
Question 5 Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.826 0.797 0.890 0.840 0.712 0.792 0.636 0.683 0.621 0.747 0.567 Below is a table for the present value of an annuity of $1 at compound interest Year 12% 0.893 0.943 1.833 2.673 - No 10% 0.909 1.736 2.487 3.170 3.791 1.690 2.402 3.037 3.605 Using the tables above, what would be the present value of $15,000 to be received at the end of each of the next 2 years, assuming an earnings Tale of 6967 Formula: Amount x PV factor - Present Value a $27.495 b. 525.350 $30,000 d. 526,040
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.