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

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Present and future value tables of $1 at 9% are presented below. 1 2 3 PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 0.91743 1.09000 0.91743 1.0900 1.0000 0.84168 1.18810 1.75911 2.2781 2.0900 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 0.59627 1.67710 4.48592 8.2004 7.5233 4 5 6 Ajax Company purchased a one-year certificate of deposit for its building fund in the amount of $280,000. How much should the certificate of deposit be worth at the end of one years if interest is compounded at an annual rate of 9%

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