Question
The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table
The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2 (Links to an external site.). Round your new table factor to five decimal places and your present value to the nearest cent.
| Compound Amount | Term of Investment (years) | Nominal Rate (%) | Interest Compounded | New Table Factor | Present Value |
|---|---|---|---|---|---|
| $39,000 | 34 | 7 | Annually | $ |
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Internationale Rechnungslegung IFRS Praxis
Authors: Author
1st Edition
3834909289, 9783834909282
