Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the present value of $7,000 to be received in seve

The present value of $7,000 to be received in seven years at 7% compounded annually...

60.1K

Verified Solution

Question

Accounting

The present value of $7,000 to be received in seven years at 7% compounded annually is

a.$3,430.

b.$6,657.

c.$4,361.

d.$7,000.

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Psychology
1.2K views

If you were asked to describe constructivist teaching in a job interview, what would you say?...

Accounting
1.2K views

Do not write out, please type up Requirements: 1. Record each of the transactions listed above in the 'General...

Physics
1.2K views

In given network potential drop across A and B is V IR pres sent is...

Basic Math
1.2K views

Suppose a line segment whoseendpoints are C(7,3) and D(11,-5) isreflected over y=-x. What is the...

Statistics
1.2K views

Part 1 Fill in the missing values in the table Round your responses for the...

Statistics
1.2K views

10 The numbers of on time flights and the number Airline of delayed or cancelled...

Calculus
1.2K views

certain state pickup trucks account for 28 of the state s registered ve ted at...

Algebra
1.2K views

View Policies Current Attempt in Progress A graph illustrating a corporation s profits indicates a...

Algebra
1.2K views

To go on a summer trip Henry borrows 700 He makes no payments until the...

Accounting
1.2K views

PB3-3 (Algo) Analyzing the Effects of Transactions Using T-Accounts, Preparing an Unadjusted Trial Balance, and...

Accounting
1.2K views

Entries Related to Uncollectible Accounts The following transactions were completed by The Wild Trout...

Accounting
1.2K views

Somerset Company acquired a piece of equipment with a list price of $200,000 for $168,000....