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The rate of earnings is 6% and the cash to be received in 4 years is $56,248. The present value amount, using the following partial
The rate of earnings is 6% and the cash to be received in 4 years is $56,248. 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. $38,417.38 b. $35,773.73 c. $47,248.32 d. $44,548.42
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