Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all parts Calculate the present value of the following amounts: 1. $14,000 at the end of twenty years at 12% 2. $14,000 at

please answer all parts image text in transcribed

Calculate the present value of the following amounts: 1. $14,000 at the end of twenty years at 12% 2. $14,000 at the end of each year for the next twenty years at 12% (If using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answers to the nearest whole dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 1. The present value of $14,000 at the end of twenty years at 12% is 2. The present value of $14,000 at the end of each year for the next twenty years at 12% is Present Value of $1 Present Value of Annuity of $1

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_2

Step: 3

blur-text-image_3

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

Financial Accounting And Reporting

Authors: Mr Barry Elliott, Jamie Elliott

16th Edition

027377817X, 978-0273778172

More Books

Students also viewed these Accounting questions

Question

What is the minimum pressure for liquid carbon dioxide?

Answered: 1 week ago