You have received a settlement offer from an automobile manufacturer due to mechanical problems with your automobile. The manufacturer will pay you $15,000 in one lump sum ten years from now. You can earn 8% on your investments. The present value of the manufacturer's settlement offer is closest to (I using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answer to the nearest whole dollar) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of S1 table.) CE O A $15,000 8 $13,800 C $32,384 OD $6,845 Chapt... Question 15 of 15 This quiz: 15 points possible TL Submit quiz you $15,000 in Sing present value Present value of $1 Periods 4% Present Value of $1 7% 8% 51 6% 5% 10% 12% 14% 16% - TE CIU Period 1 0.962 Period 2 0.925 Period 3 0.889 Period 4 0.855 Period 5 0.822 Period 6 0.790 Period 7 0.760 Period & 0.731 Period 9 0.703 Period 100.676 Period 110.650 Period 12 0.625 Period 13 0.601 Period 14 0.577 Period 150.555 Period 16 0.534 Period 17 0.513 Period 180.494 Period 19 0.475 Period 20 0456 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.935 0.873 0.816 0.763 0.713 0 666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 | apt... Question 15 of 15 This quiz: 15 point(s) possible -lain Present value of ordinary annuity of $1 Submit quiz you $15,000 in sing present value Present Value of Ordinary Annuity of $1 6% 8% 10% Periods 4% 5% 7% 12% 14% 16% Period 1 0.962 0.952 Period 2 1.886 1.859 Period 3 2.775 2.723 Period 4 3.630 3.546 Period 5 4.452 4.329 Period 6 5.242 5,076 Period 7 6.002 5.786 Period & 6.733 6.463 Period 9 7.435 7.108 Period 10 8.111 7.722 Period 11 8.760 8,306 Period 129.385 8,863 Period 139.986 9.394 Period 14 10.563 9.899 Period 15 11.118 10.380 Period 16 11.652 10.838 Period 17 12.166 11.274 Period 18 12.659 11.690 Period 19 13.134 12085 Period 20 13.500 12.462 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 7.887 8,384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 0.935 1.808 2624 3.387 4.100 4.767 5.389 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.050 10.336 10.594 0.926 1.783 2.577 3.312 3.993 4.623 5 206 5.747 6.247 6.710 7.139 7536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7.824 8.022 3.201 8.305 8.514 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7/120 7.250 7386 7.469 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 5.660 5.842 6.002 6.142 6.285 5.373 6.467 6.550 8.623 0.862 1.605 2.246 2.798 3.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.668 5.749 5.818 5.877 5.929 Print Done