Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Present and future value tables of $1 at 9% are presented below. 1 2 3 4 5 6 PV of $1 FV of $1 PVA

image text in transcribed
Present and future value tables of $1 at 9% are presented below. 1 2 3 4 5 6 PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 0.91743 1.09000 0.91743 1.8900 1.0000 0.84168 1.18810 1.75911 2.2781 2.8900 0.77218 1.29503 2.53129 3.5731 3.2781 0.70843 1.41158 3.23972 4.9847 4.5731 0.64993 1.53862 3.88965 6.5233 5.9847 8.59627 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 $3,000 at the end of each of the next five years and a lump sum receipt of $4,500 at the end of the sixth year. The total present value of these payments if interest is at 9% is: Multiple Choice $11669 $16,159 $17.669 Present and future value tables of $1 at 9% are presented below. 1 2 3 4 5 6 PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 0.91743 1.09000 0.91743 1.8900 1.0000 0.84168 1.18810 1.75911 2.2781 2.8900 0.77218 1.29503 2.53129 3.5731 3.2781 0.70843 1.41158 3.23972 4.9847 4.5731 0.64993 1.53862 3.88965 6.5233 5.9847 8.59627 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 $3,000 at the end of each of the next five years and a lump sum receipt of $4,500 at the end of the sixth year. The total present value of these payments if interest is at 9% is: Multiple Choice $11669 $16,159 $17.669

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

Step: 3

blur-text-image

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

Managerial Accounting

Authors: John Wild, Ken Shaw, Barbara Chiappetta

8th Edition

1264111924, 9781264111923

More Books

Students also viewed these Accounting questions