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Assuming an interest rate of 6%, the present value of $10,000 received at the end of each year for 9 years would be closest to:
Assuming an interest rate of 6%, the present value of $10,000 received at the end of each year for 9 years would be closest to: Present Value of $1 Periods 4 5 6 7 A 9 10 5% 0.823 0.784 0.746 0.711 0.677 0.645 0.614 6% 0.792 0.747 0.705 0.665 0.627 0.592 0.558 8% 0.735 0.681 0,630 0.583 0.540 0.500 0.463 10% 0.683 0.621 0.564 0.513 0.467 0.424 0.386 5% Present Value of Annuity of $1 Periods 4 3.546 5 4.329 6 5.076 7 5.786 8 6.463 9 7.108 10 7.722 6% 3.465 4.212 4.917 5.582 6.210 6.802 7.360 8% 3.312 3.993 4.623 5.206 5.747 6.247 6.710 10% 3.170 3.791 4.355 4.868 5.335 5.759 6.145 A $90,000 B. $5.580 C. $68,020 OD. $114,910
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