Question: Date: Class:- Name: Financial Accounting ACCI1I. Professor Horowitz-Test 4- Fall 2017 4, Using the following table, what is the present value of $40,000 to be
Date: Class:- Name: Financial Accounting ACCI1I. Professor Horowitz-Test 4- Fall 2017 4, Using the following table, what is the present value of $40,000 to be received in 5 years, if the market rate is 7% compounded annually? 10% 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 6% 5% 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 ods 0.94340 0.89000 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.54393 0.82645 0.75132 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.55840
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
