Question
Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the PV factor to 4 decimal places and final
Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)
| Amount desired at end of period | Length of time | Rate | Compounded | On PV Table 12.3 | PV factor used | PV of amount desired at end of period | |
| Period used | Rate used | ||||||
| $18,100 | 5 years | 24% | Quarterly | % | $ | ||
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
