Question
Brooks Company will receive $10,000 a year at the end of each of the next five years. Using a discount rate of 14%, the present
Brooks Company will receive $10,000 a year at the end of each of the next five years. Using a discount rate of 14%, the present value of the receipts can be stated as ________.
A . PV = $10,000 (Ordinary Annuity FV factor, i = 14%, n = 5)
B. PV = $10,000 (PV factor, i = 14%, n = 5)
C. PV = $10,000 (Ordinary Annuity PV factor, i = 14%, n = 5)
D. PV = $10,000 (FV factor, i = 14%, n = 5)
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Detecting Accounting Fraud Analysis And Ethics
Authors: Cecil W. Jackson
1st Edition
1292059400, 9781292059402
