Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
The rate of earnings is 6% and the cash to be received in 4 years is $72,809. The present value amount, using the following partial
The rate of earnings is 6% and the cash to be received in 4 years is $72,809. 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 40.792 0.683 0.636 a. $57,664.73 b. $46,306.52 C. $61,159.56 d. $49,728.55
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669ddc830b545_634669ddc82a6a0b.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started