Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What amount of cash would result at the end of one year, if $18,000 is invested today and the rate of return is 10%? Use
What amount of cash would result at the end of one year, if $18,000 is invested today and the rate of return is 10%? Use Appendix Table 1. Multiple Choice o $18,000 $15.000 $16,200 TABLE 1 PRESENT VALUE OF $1 4% 5% 6% 7% 8% 9% 1 0.961538 0.952381 0.943396 0.934579 0.925926 0.917431 2 0.924556 0.907029 0.889996 0.873439 0.857339 0.841680 3 0.888996 0.863838 0.839619 0.816298 0.793832 0.772183 4 0.854804 0.822702 0.792094 0.762895 0.735030 0.708425 5 0.821927 0.783526 0.747258 0.712986 0.680583 0.649931 6 0.790315 0.746215 0.704961 0.666342 0.630170 0.596267 7 0.759918 0.710681 0.665057 0.622750 0.583490 0.547034 8 0.730690 0.6768390.627412 0.582009 0.540269 0.501866 9 0.702587 0.644609 0.591898 0.543934 0.500249 0.460428 10 0.675564 0.613913 0.558395 0.508349 0.463193 0.422411 11 0.649581 0.584679 0.526788 0.475093 0.428883 0.387533 12 0.624597 0.556837 0.496969 0.444012 0.397114 0.355535 13 0.600574 0.530321 0.468839 0.414964 0.367698 0326179 14 0.577475 0.505068 0.442301 0.387817 0.340461 0.299246 15 0.555265 0.481017 0.417265 0.362446 0.315242 0274538 16 0.533908 0.458112 0.393646 0.338735 0.291890 0.251870 17 0.513373 0.436297 0.371364 0.316574 0270269 0.231073 18 0.493628 0.415521 0.350344 0.295864 0250249 0.211994 19 0.474642 0.395734 0.330513 0.276508 0.231712 0194490 20 0.456387 0.376889 0.311805 0.258419 0.214548 0.178431 10% 12% 14% 16% 20% 0.909091 0.892857 0.877193 0.862069 0.833333 0.826446 0.797194 0.769468 0.743163 0.694444 0.751315 0.711780 0.674972 0.640658 0.578704 0.683013 0.635518 0.592080 0.552291 0.482253 0.620921 0.567427 0.519369 0.476113 0.401878 0.564474 0.506631 0.455587 0.410442 0.334898 0.513158 0.452349 0.399637 0.353830 0.279082 0.466507 0.403883 0.350559 0.305025 0.232568 0.424098 0.360610 0.307508 0.262953 0.193807 0.385543 0.321973 0.269744 0.226684 0.161506 0.350494 0.287476 0.236617 0.195417 0.134588 0.318631 0.256675 0.207559 0.168463 0.112157 0289664 0.229174 0.182069 0.145227 0.093464 0263331 0.204620 0.159710 0.125195 0.077887 0.239392 0.182696 0.140096 0.107927 0.064905 0.217629 0.163122 0.122892 0.093041 0.054088 0.197845 0.145644 0107800 0.080207 0.045073 0.179859 0.130040 0.094561 0.069144 0.037561 0.1635080.116107 0.082948 0.059607 0.031301 0.1486440103667 0.072762 0.051385 0.026084
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started