Question
Knowledge Check 01 Periods1%2%3%4%10.99010.98040.97090.961521.97041.94161.91351.886132.94102.88392.82862.775143.90203.80773.71713.629954.85344.71354.57974.451865.79555.60145.41725.242176.72826.47206.23036.002187.65177.32557.01976.7327 Use the partial present value of an annuity table to determine the present value of seven $125,000 payments that would arrive
Knowledge Check 01
Periods1%2%3%4%10.99010.98040.97090.961521.97041.94161.91351.886132.94102.88392.82862.775143.90203.80773.71713.629954.85344.71354.57974.451865.79555.60145.41725.242176.72826.47206.23036.002187.65177.32557.01976.7327
Use the partial present value of an annuity table to determine the present value of seven $125,000 payments that would arrive at the end of every year assuming an interest rate of 4 percent? (Round to 0 decimal places.)
- $875,000
- $125,000
- $750,263
- $130,000
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
