FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The rate of earnings is 12% and the cash to be received in 2 years is $78,714. Determine the present value amount, using the following

The rate of earnings is 12% and the cash to be received in 2 years is $78,714. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points).

image text in transcribed a. $56,044.37 b. $70,291.60 c. $62,735.06 d. $65,017.76

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

Contemporary Labor Economics

Contemporary Labor Economics

Authors: Campbell McConnell, Stanley Brue, David Macpherson

9th Edition

0073375950, 9780073375953

More Books

Students also viewed these Accounting questions

Question

★★★★★
Conso1idation policy and principal consolidation concepts. CAR Corporation manufactures computers in the United States. It owns 75% of the voting stock of Charles Electronics, 80% of the voting stock...

Answered: 1 week ago

Question

★★★★★
1. Thats an unusual idea, Steve. Kim, what do you think of Steves idea?

Answered: 1 week ago

Question

★★★★★
The CEO and the CFO of Automation Company were both aware that the companys controller was reporting fraudulent revenues. Upper level executives are paid very large bonuses when the company meets the...

Answered: 1 week ago

Question

★★★★★
View previous attem Required information [The following information applies to the questions displayed below.] The management of Devine Instrument Company is considering the purchase of a new...

Answered: 1 week ago

Question

★★★★★
Relationship selling refers to the assignment of a single salesperson to a single customer throughout the entire sales process. when suppliers and sellers combine their expertise and resources to crea

Answered: 1 week ago

Question

★★★★★
An administrative assistant should have the following functionality on behalf of the CEO: Make calls. Retrieve calls. Join active calls. Pick up calls on hold. Which Teams Phone feature can achieve...

Answered: 1 week ago

Question

★★★★★
The Katash Company is a leader in the poultry market. It produces, sells and markets fresh and ice packed commodity chicken and frozen products known for their value and healthful qualities. Katashs...

Answered: 1 week ago

Question

★★★★★
A toggle press is shown with a force F = 300 N applied perpendicular to the toggle arm. Ram CD slides on the smooth vertical bar. Determine the compressive force on E when theta is 60 degrees. -250...

Answered: 1 week ago

Question

★★★★★
The cross-section of an aeroplane elevator is shown below. If the elevator is 2 m long constructed from aluminium alloy with G = 30 GN/m, calculate the total angle of twist of the section and the...

Answered: 1 week ago

Question

★★★★★
Maruti Suzuki Drives Business Growth on a Full Oracle Stack Youtube video: In regards to Business Intelligence effects on Maruti Suzuki, answer the following questions: 1.) What were the business...

Answered: 1 week ago

Question

★★★★★
Ken Blanchard, John Carlos, and Alan Randolph wrote Empowerment Takes More Than a Minute (1998) to give working tools to people who want to be empowering leaders. The book is organized in story form,...

Answered: 1 week ago

Question

★★★★★
To what extent should leadership be assigned to a single group member?

Answered: 1 week ago

Question

★★★★★
How do todays organizations diff er from those of earlier eras?

Answered: 1 week ago

Previous Question Next Question