Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assuming an interest rate of 14%, the present value of $30,000 to be received 8 years from now would be closest to EEE Click the
Assuming an interest rate of 14%, the present value of $30,000 to be received 8 years from now would be closest to EEE Click the icon to view the present value of $1 table.) EEB Click the icon to view the present value of annuity of $1 table.) O A. $139,170. O B. $33,600. O C. $10,530 O D. $30,000. Present Value of $1 Periods 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 12% 0.567 0.507 0.452 0.404 0.361 0.322 14% 0.519 0.456 0.400 0.351 0.308 0.270 6 7 8 10 Present Value of Annuity of $1 5% 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 14% 3.433 3.889 4.288 4.639 4.946 5.216 12% 3.605 Periods 6 7 8 4.564 4.968 5.328 5.650 10
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started