Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is a table for the present value of $1 at compound interest: Year 1 2 3 4 5 1 2 3 4 5 0.943

Following is a table for the present value of $1 at compound interest: Year 1 2 3 4 5 1 2 3 4 5 0.943 0.890 0.840 0.792 0.747 6% O a. a. $79,250 O b. $15,525 O c. $17,075 O d. $19,800 6% 0.943 1.833 Following is a table for the present value of an annuity of $1 at compound interest: Year 2.673 10% 3.465 4.212 0.909 0.826 0.751 0.683 0.621 10% 0.909 1.736 2.487 3.170 12% 3.791 0.893 0.797 0.712 0.636 0.567 12% 0.893 1.690 2.402 3.037 Using the tables provided, the present value of $25,000 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is 3.605
image text in transcribed
Following is a table for the present value of $1 at compound interest: Following is a table for the present value of an annuity of $1 at compound interest: Using the tables provided, the present value of $25,000 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is a. $79,250 b. 515,525 c. $17,075 d. $19,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Risk Alert Employee Benefit Plans Industry Developments 2017

Authors: AICPA

1st Edition

1945498722, 978-1945498725

More Books

Students also viewed these Accounting questions

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago

Question

a. When did your ancestors come to the United States?

Answered: 1 week ago