Question
Hello, hope all is well. Can you please check my work. It is from my Homework in Accounting Mangerial. Thank you. Use these present value
Hello, hope all is well. Can you please check my work. It is from my Homework in Accounting Mangerial. Thank you.
Use these present value tables to answer the question that follow.
Below is a table for the present value of $1 at Compound interest.
Year6%10%12%10.9430.9090.89320.8900.8260.79730.8400.7510.71240.7920.6830.63650.7470.6210.567
Below is a table for the present value of an annuity of $1 at compound interest.
Year6%10%12%10.9430.9090.89321.8331.7361.69032.6732.4872.40243.4653.1703.03754.2123.7913.605
Using the tables above, what is the present value of $12,322.00 (rounded to the nearest dollar) to be received at the end ofeachof the next four years, assuming an earnings rate of 12%?
a.$29,597
b.$44,421
c.$12,322
d.$37,422
I Figure out it to be C 12,322 value at $1 formula.
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