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Compute the present value of $43,000, invested for six years at 7%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816
Compute the present value of $43,000, invested for six years at 7%.
Present value of $1:
5% | 6% | 7% | 8% | 9% | |
3 | 0.864 | 0.840 | 0.816 | 0.794 | 0.772 |
4 | 0.823 | 0.792 | 0.763 | 0.735 | 0.708 |
5 | 0.784 | 0.747 | 0.713 | 0.681 | 0.650 |
6 | 0.746 | 0.705 | 0.666 | 0.630 | 0.596 |
7 | 0.711 | 0.665 | 0.623 | 0.583 | 0.547 |
A.$31,648
B.$35,805
C.$25,628
D. $ 28,638
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