Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compute the present value of $45,000, invested for six years at 9%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816
Compute the present value of $45,000, invested for six years at 9%. 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 O A. $26,820 O B. $34,320 O C. $30,870 OD. $22,770
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started