Question
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1).
Payment Year Recieved
$5750 2022
6675 2023
8600 2025
9825 2027
Year Received i= n= payment present value
2022 8% $5750
2023 8% 6675
2025 8% 8600
2027 8% 9825
Total:
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
