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The rate of earnings is 6% and the cash to be received in 4 years is $75,112. The present value amount, using the following partial
The rate of earnings is 6% and the cash to be received in 4 years is $75,112. The present value amount, using the following partial table of present value of $1 at compound interest is (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 |
a. $63,094.08
b. $47,771.23
c. $59,488.70
d. $51,301.50
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