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The rate of earnings is 12% and the cash to be received in two years is $39,295. Determine the present value amount, using the
The rate of earnings is 12% and the cash to be received in two years is $39,295. Determine the present value amount, using the following partial table of present value of $1 at compound interest: (round to two decimal points). Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 Oa. $27,978.04 Ob. $31.318.12 Oc. $35,090.44 Od. $32.457.67
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
