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Oriole Company earns 11% on an investment that will return $360,0008 years from now. Click here to view the factor table. (For calculation purposes, use
Oriole Company earns 11% on an investment that will return $360,0008 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Oriole should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.) Oriole Company should invest $ Finding present value if discounted for two periods The present value of 1 may also be determined through tables that show the present value of 1 for n periods. In Table3,n is the number of discounting periods involved. The percentages are the periodic interest rates or discount rates. and the 5 -digit decimal numbers in the The following two demonstration problems (Illustrations G.12 and G.13) illustrate how to use Table 3
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