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The rate of earnings is 6%, and the cash to be received in one year is $10,000. Determine the present value amount using partial table
The rate of earnings is 6%, and the cash to be received in one year is $10,000. Determine the present value amount using partial table of present value of $1 at compound interest. Year 6% 10% 12% 1. .943 .909 .893 2. .890 .826 .797 3. .840 .751 .712 4. .792 .683 .636 a. $9,090 b. 9,000 c. $9,430 d. $8,930
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