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Present and future value tables of $1 at 3% are presented below: N 1 FV $1 1.03000 PV $1 0.97087 2 1.06090 0.94260) 3
Present and future value tables of $1 at 3% are presented below: N 1 FV $1 1.03000 PV $1 0.97087 2 1.06090 0.94260) 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 PVA $1 1.0000 2.0300 9 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 3.0909 2.82861 4.1836 3.71710 5.3091 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 10.4639 8.01969) 11.4639 8.53020 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 PVA $1 FVAD $1 0.97087 1.0300 1.91347 2.0909 1.97087 3.1836 2.91347 PVAD $1 1.00000 4.3091 3.82861 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.25262 13 14 1.46853 0.68095 1.51259 0.66112 15.6178 10.63496 17.0863 11.29607 16.0863 10.95400 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607) 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Bill wants to give Maria a $610,000 gift in 2 years. If money is worth 6% compounded semiannually, what is Maria's gift worth today?
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
