The rate of earnings is 10% and the cash to be received in four years is $46,606.00.

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The rate of earnings is 10% and the cash to be received in four years is $46,606.00. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points).

Related Book For answer-question

Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jul 16, 2018 12:51 AM

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The rate of earnings is 10% and the cash to be received in four years is $46,606.00.

Question:

Year 1 2 3 4 نیا 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 0.792 0.683 0.636 Year 1 2 3 4 نیا 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 0.792 0.683 0.636

Expert Answer:

Match your table with 10 and 4 years t... View the full answer

Financial and Managerial Accounting

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