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Present and future value tables of $1 at 3% are presented below: N FV $1 PV 51 FVA $1 PVA $1 FVAD $1 PVAD $1
Present and future value tables of $1 at 3% are presented below: N FV $1 PV 51 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.03000 10.97087 1.0000 0.97087 1.0300 1.00000 21.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861 5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 7 1.22987 0.81309 7.6625 6.23028 7.8923 6.41719 8 1.26677 10.78941 8.8923 7.01969 9.1591 7.23028 9 1.30477 0.76642 10.1591 7.78611 10.4639 8.01969 10 1.34392 0.74409 | 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8078 9.25262 13. 1920 9.53020 12 1.42576 9.70138 14.1920 9.95400 14.6178 10.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496 15 1.55797 19.64186 18.5989 11.93794 19.1569 12.29607 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 On January 1, 2021, you are considering making an investment that will pay three annual payments of $10,000 The first payment is not expected until December 31, 2023. You are eager to earn 3%. What is the present value of the investment on January 1, 2021
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