Use these present value tables to answer the question that follow. Below is a table...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at compound interest.
Year6%10%12%10.9430.9090.89320.8900.8260.79730.8400.7510.71240.7920.6830.63650.7470.6210.567Below is a table for the present value of an annuity of $1 at compound interest.
Year6%10%12%10.9430.9090.89321.8331.7361.69032.6732.4872.40243.465 3.1703.03754.2123.7913.605Using the tables above, what would be the present value of $8,000 to be received one year from today, assuming an earnings rate of 12%?
a. $7,144
b. $7,120
c. $7,544
d. $7,272
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.