Question
The rate of earnings is 10% and the cash to be received in four years is $46,606.00. Determine the present value amount, using the following
The rate of earnings is 10% and the cash to be received in four years is $46,606.00. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points).
Year 1 2 3 4 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 0.792 0.683 0.636
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
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