Determine the present value of $100,000 to be received in three years, using an interest rate of
Question:
a. By successive divisions. (Round to the nearest dollar.)
b. By using the present value table in Exhibit3.
Transcribed Image Text:
Periods 5% 51/2% 6% 5%% 7% 10% 11% 12% 13% 14% 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 0.87719 2 090703 089845 089000 0.38166 0.87344 0,82645 0.81162 0.79719 0.8315 0.947 3 0.86384 0.85161 0.83962 0.82785 0.81630 0.75132 0.73119 0.71178 0.69305 0.67497 4 082270 0.80722 0.79209 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.59208 5 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.51937 6 0.74622 0.72525 0.70496 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 045559 7 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 045235 0.42506 0.39964 8 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.35056 9 0.64461 0.61763 0.59190 0.56735 0.54393 0.42410 0.39092 0.36061 0.33288 0.30751 10 0.61391 0.58543 055840 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 0.26974
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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