Question
Present and future value tables of $1 at 9% are presented below. PV of $1FV of $1PVA of $1FVAD of $1FVA of $110.917431.090000.917431.09001.000020.841681.188101.759112.27812.090030.772181.295032.531293.57313.278140.708431.411583.239724.98474.573150.649931.538623.889656.52335.984760.596271.677104.485928.20047.5233 How much
Present and future value tables of $1 at 9% are presented below.
PV of $1FV of $1PVA of $1FVAD of $1FVA of $110.917431.090000.917431.09001.000020.841681.188101.759112.27812.090030.772181.295032.531293.57313.278140.708431.411583.239724.98474.573150.649931.538623.889656.52335.984760.596271.677104.485928.20047.5233
How much must be invested now at 9% interest to accumulate to $23,000 in four years?
Multiple Choice
- $13,447.
- $13,714.
- $16,294.
- $16,027.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
