Question
Present and future value tables of 1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA
| Present and future value tables of 1 at 9% are presented below. |
| PV of $1 | FV of $1 | PVA of $1 | FVAD of $1 | FVA of $1 | |
| 1 | 0.91743 | 1.09000 | 0.91743 | 1.0900 | 1.0000 |
| 2 | 0.84168 | 1.18810 | 1.75911 | 2.2781 | 2.0900 |
| 3 | 0.77218 | 1.29503 | 2.53129 | 3.5731 | 3.2781 |
| 4 | 0.70843 | 1.41158 | 3.23972 | 4.9847 | 4.5731 |
| 5 | 0.64993 | 1.53862 | 3.88965 | 6.5233 | 5.9847 |
| 6 | 0.59627 | 1.67710 | 4.48592 | 8.2004 | 7.5233 |
| Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $3,700 at the end of each of the next four years and a lump sum receipt of $5,200 at the end of the third year. The total present value of these payments if interest is at 9% is: |
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Auditing And Systems Exam Questions And Explanations
Authors: Ph.D. Gleim, Irvin N., Ph.D. Hillison, William A., Grady M. Irwin
17th Edition
1581949278, 978-1581949278
