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22. Assuming an interest rate of 10%, the present value of $20,000 to be received 10 years now would be closest to: 6 Present Value
22. Assuming an interest rate of 10%, the present value of $20,000 to be received 10 years now would be closest to: 6 Present Value of $1 Periods 5% 0.784 0.746 0.711 0.677 9 0.645 10 0.614 6% 0.747 0.705 0.665 0.627 0.592 0.558 8% 0.681 0.630 0.583 0.540 0.500 0.463 10% 0.621 0.564 0.513 0.467 0.424 0.386 Present Value of Annuity of $1 Periods 4.329 - 6 5.076 7 5.786 6.463 9 7.108 7.722 6% 4.212 4.917 5.582 6.210 6.802 7.360 8% 3.993 4.623 5.206 5.747 6.247 6.710 10% 3.791 4.355 4.868 5.335 5.759 6.145 10 A) $11,280. B) $7720 C) $51,880 D) $47,160
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