Question: Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826

Below is a table for the present value of $1 at Compound

Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 5 .747 .621 .567 Below is a table for the present value of an annuity of $1 at compound interest. Year 12345 6% 10% 12% .943 .909 .893 1.833 1.736 1.690 2.673 2.487 2.402 3.465 3.170 3.037 4.212 3.791 3.605 Using the tables above, what would be the present value of $10,000 (rounded to the nearest dollar) to be received three years from today, assuming an earnings rate of 6%? $8,400 $8,900 $7,920 O $11,905

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

esti Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 943 909 893 890 826 797 840 .751 .712 792 683 636 747 621 .567 Below is a table for the present value of an...

Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows. Jan. 2 3 Stockholders invested $15,000 cash in the business in exchange for common...

Project A requires an original investment of $65,000. The project will yield cash flows of $15,000 per year for seven years. Project B has a calculated net present value of $5,500 over a five year...

1. A project has estimated annual cash flows of $90,000 for three years and is estimated to cost $250,000. Assume a minimum acceptable rate of return of 10%. Using the following tables determine the...

Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 5 .747 .621 .567 Below is a table for the...

Project A requires an original investment of $65,000. The project will yield cash flows of $15,000 per year for seven years. Project B has a calculated net present value of $5,500 over a five year...

A project has estimated annual cash flows of $90,000 for three years and is estimated to cost $250,000. Assume a minimum acceptable rate of return of 10%. Using the following tables determine the (a)...

A project has estimated annual cash flows of $95,000 for four years and is estimated to cost $260,000. Assume a minimum acceptable rate of return of 10%. Using the following tables determine the (a)...

Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 5 .747 .621 .567 Below is a table for the...

Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 5 .747 .621 .567 Below is a table for the...

Which of the following mathematical relationships could be found in a linear programming model, and which could not? For the relationships that are unacceptable for linear pro-grams, state why. a....

Frank's Music, Inc., 37-1415259, 1706 Lincoln Ave., Normal, IL 61761, a cash basis corporation, needs to file a corporate tax return for 2019. Frank's sell musical instruments. Frank's has 25...

Question 2 The P W o f Project A i s - $ 5 , 0 0 0 The P W o f Project B i s - $ 1 7 , 0 0 0 The P W o f Project C i s - $ 2 0 , 0 0 0 These are mutually exclusive service projects. Assume the...

The text points out that asymmetric information can have deleterious effects on market outcomes. a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to...

Two piezometers are located 1000 ft apart with the bottom located at depaths of 50 ft and 350 ft, respectively, in a 400 ft thick unconfined aquifer. The depth to the water table is 50 ft in the...

Refer to the Auditing in Practice feature, "PCAOB Fines Ernst & Young for an Issue Involving Accounting Estimates." a. Auditors are required to provide reasonable assurances regarding accounting...

Between 1995 and 1997, American Airlines competed in the Dallas/Ft Worth Airport against several other low-cost carriers. In response to these low-cost carriers, American Airlines reduced its price...

Journey Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $15,000 to help organize the corporation. Journey Publishing also issued...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Is Mrs. Angelos weight a relevant issue in her case against the restaurant?

If it were independently owned, who would be responsible for designing and implementing an effective furniture inspection program for Buffet World?

What issues will the courts and jury likely consider as they evaluate the legitimacy of the parents lawsuit?