Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TABLE 6.4 FACTORS FOR CALCULATING THE PRESENT VALUE OF $1 Discount Rate No. of Periods 2% 4% 6% 8% 10% 12% 14% 16% 18%
TABLE 6.4 FACTORS FOR CALCULATING THE PRESENT VALUE OF $1 Discount Rate No. of Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 1 0.980 0.9615 0.9434 0.9259 23450 2 0.961 0.9246 0.8900 0.8573 0.8264 0.942 0.8890 0.8396 0.7938 0.7513 0.924 0.8548 0.7921 0.7350 0.6830 0.906 0.8219 0.7473 0.6806 0.6209 0.9091 0.8929 0.8772 0.7972 0.7695 0.7432 0.7118 0.6750 0.6407 0.6355 0.5921 0.5523 0.5674 0.5194 0.4761 0.8621 0.8475 0.8333 0.7182 0.6944 0.6086 0.5787 0.5158 0.4371 0.4019 0.4823 10 66119 0.888 0.7903 0.7050 7 8 0.853 0.871 0.7599 0.6651 0.7307 0.6274 0.6302 0.5835 0.5132 0.5645 0.5403 0.4665 0.5066 0.4556 0.4523 0.3996 0.3538 0.4039 0.4104 0.3704 0.3349 0.3139 0.2791 0.3506 0.3050 0.2660 0.2326 0.837 0.7026 0.5919 0.5002 0.4241 0.3606 0.3075 0.2630 0.2255 0.1938 0.820 0.6756 0.5584 0.4632 0.3855 0.3220 0.2697 0.2267 0.1911 0.1615 11 0.804 0.6496 0.5268 0.4289 0.3505 0.2875 0.2366 12 0.788 0.6246 0.4970 0.3971 0.3186 0.2567 0.2076 0.1685 0.1954 0.1619 0.1346 0.1122 13 0.773 0.6006 0.4688 0.3677 0.2897 0.2292 0.1821 0.1452 0.1372 0.1163 0.0935 14 0.758 0.5775 0.4423 0.3405 0.2633 0.2046 0.1597 0.1252 0.0985 0.0779 15 0.743 0.5553 0.4173 0.3152 0.2394 0.1827 0.1401 0.1079 0.0835 0.0649 16 0.728 0.5339 0.3936 0.2919 0.2176 0.1631 0.1229 0.0930 0.0708 0.0541 17 0.714 0.5134 0.3714 0.2703 0.1978 0.1456 0.1078 0.0802 0.0600 0.0451 18 0.700 19 0.686 20 0.673 0.4564 0.4936 0.3503 0.2502 0.4746 0.3305 0.2317 0.3118 0.2145 0.1799 0.1300 0.0946 0.0691 0.0508 0.0376 0.1635 0.1161 0.0829 0.0596 0.0431 0.0313 0.1486 0.1037 0.0728 0.0514 0.0365 0.0261 21 0.660 0.4388 0.2942 0.1987 0.1351 0.0926 0.0638 0.0443 0.0309 0.0217 22 0.647 0.4220 0.2775 0.1839 0.1228 0.0826 0.0560 0.0382 0.0262 0.0181 23 0.634 0.4057 0.2618 0.1703 0.1117 0.0738 0.0491 0.0329 24 0.622 0.3901 0.2470 0.1577 0.1015 0.0659 0.0222 0.0431 0.0284 0.0188 0.0126 0.0151 25 0.610 0.3751 0.2330 0.1460 0.0923 0.0588 0.0378 0.0245 0.0160 0.0105 30 0.552 0.3083 0.1741 0.0994 0.0573 0.0334 35 0.500 0.2534 0.1301 0.0676 0.0356 0.0189 40 0.453 0.2083 0.0972 0.0460 0.0221 0.0107 0.0053 0.0196 0.0116 0.0102 0.0055 0.0026 0.0070 0.0042 0.0030 0.0017 45 0.410 0.1712 0.0727 0.0313 0.0137 0.0061 0.0027 0.0013 0.0013 0.0006 0.0007 0.0003 50 0.372 0.1407 0.0543 0.0213 0.0085 0.0035 0.0014 0.0006 0.0003 0.0001
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started