Question: =+EX 14-13 Reporting bonds obj. 5 Determine the present value of $400,000 to be received in three years, using an interest rate of 10%, compounded

=+EX 14-13 Reporting bonds obj. 5 Determine the present value of $400,000 to be received in three years, using an interest rate of 10%, compounded annually, as follows:

a. By successive divisions. (Round to the nearest dollar.)

b. By using the present value table in Exhibit 4.

Appendix 1

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