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The rate of earnings is 6% and the cash to be received in 4 years is $30,579. The present value amount, using the following
The rate of earnings is 6% and the cash to be received in 4 years is $30,579. 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. $19,448.241 b. $20,885.46 c. $24,21857 d. $25,686.36
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