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Compute the present value of $110,000, invested for six years at 5%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816

Compute the present value of $110,000, invested for six years at 5%.

Present value of $1:

5% 6% 7% 8% 9%

3 0.864 0.840 0.816 0.794

4 0.823 0.792 0.763 0.735

5 0.784 0.747 0.713 0.681

6 0.746 0.705 0.666 0.630

7 0.711 0.665 0.623 0.583

A.

$77,550

B.

$78,210

C.

$82,060

D.

$86,240

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Previous Question Next Question

5%	6%	7%	8%	9%
3	0.864	0.840	0.816	0.794
4	0.823	0.792	0.763	0.735
5	0.784	0.747	0.713	0.681
6	0.746	0.705	0.666	0.630
7	0.711	0.665	0.623	0.583

Question

Compute the present value of $110,000, invested for six years at 5%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816

Compute the present value of $110,000, invested for six years at 5%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816 0.794 4 0.823 0.792 0.763 0.735 5 0.784 0.747 0.713 0.681 6 0.746 0.705 0.666 0.630 7 0.711 0.665 0.623 0.583 A. $77,550 B. $78,210 C. $82,060 D. $86,240

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

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Question

Compute the present value of $110,000, invested for six years at 5%.

Present value of $1:

5% 6% 7% 8% 9%

3 0.864 0.840 0.816 0.794

4 0.823 0.792 0.763 0.735

5 0.784 0.747 0.713 0.681

6 0.746 0.705 0.666 0.630

7 0.711 0.665 0.623 0.583

A.

$77,550

B.

$78,210

C.

$82,060

D.

$86,240