On January 1 of the current year, Lean Co. made an investment of $10,000. The following is

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On January 1 of the current year, Lean Co. made an investment of $10,000. The following is the present value of $1.00 discounted at a 10% interest rate:

Present value of $1.00

Periods____________________ Discounted at 10%

1………………………..……………..................909

2……………………………....................……….826

3………………………………………..................751

What amount of cash will Lean accumulate in two years?

$12,107

$12,000

$27,002

$16,250

Related Book For answer-question

South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts

ISBN: 9781305399884

39th edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Posted Date: Nov 29, 2018 01:16 AM

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On January 1 of the current year, Lean Co. made an investment of $10,000. The following is

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12107 Present value ... View the full answer

South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts

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