Question
Use the table below to calculate the present value of $2,000 to be received at the end of each year for 6 years. The rate
Use the table below to calculate the present value of $2,000 to be received at the end of each year for 6 years. The rate is 12 percent.
Present value of a single payment | Present value of an annuity | ||||||
Year | 11% | 12% | 13% | Year | 11% | 12% | 13% |
3 | 0.731 | 0.712 | 0.693 | 3 | 2.4437 | 2.4018 | 2.3612 |
4 | 0.659 | 0.636 | 0.613 | 4 | 3.1024 | 3.0373 | 2.9745 |
5 | 0.593 | 0.567 | 0.543 | 5 | 3.6959 | 3.6048 | 3.5172 |
6 | 0.535 | 0.507 | 0.480 | 6 | 4.2305 | 4.1114 | 3.9975 |
7 | 0.482 | 0.452 | 0.425 | 7 | 4.7122 | 4.5638 | 4.4226 |
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
