Earl Wendell expects to receive $1000 at the end of four years. What is the present...

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Earl Wendell expects to receive $1000 at the end of four years. What is the present value of this amount assuming a 6% annual compound interest rate (round your answer to the nearest dollar)? Present Value Interest Factors Period 1 2 3 4 5 6 7 8 10 11 12 13 14 15 16 17 18 19 20 2% 4% 6% 8% 10% 12% 9804 9615 .9091 8929 9434 9259 9246 8900 8573 8264 7972 7561 7513 7118 6575 9612 9423 8890 8396 7938 8548 7921 7350 .8319 7473 6806 9238 9057 8880 6830 6355 5718 6209 5674 4972 .7903 7050 6302 5645 5066 7599 6651 5835 5132 4523 8535 7307 6274 5403 4665 4039 8706 8363 4241 3606 8203 3855 3220 8043 .3505 7885 3186 7730 .6006 4688 2897 7026 5919 5002 .6756 5584 4632 .6496 5268 4289 .6246 4970 3971 3677 7579 7430 15% 20% 8696 8333 .6944 5787 4823 4019 2843 2472 2875 2149 2567 .1869 2292 1625 2633 2046 1413 2394 1827 1229 2176 .1631 .1069 3405 3152 7284 5339 3936 2919 7142 5134 3714 2703 7002 4936 3503 2502 1799 .1300 0808 6864 4746 3305 2317 .1635 1161 0703 .6730 4564 3118 2145 1486 0037 0611 1978 .1456 0929 5775 4423 5553 4173 4323 3759 3269 .3349 2791 2326 .1938 1615 1346 1122 0935 .0779 .0649 0541 0451 .0376 0313 0261 Activate Win Go to Settings to Earl Wendell expects to receive $1000 at the end of four years. What is the present value of this amount assuming a 6% annual compound interest rate (round your answer to the nearest dollar)? Present Value Interest Factors Period 1 2 3 4 5 6 7 8 10 11 12 13 14 15 16 17 18 19 20 2% 4% 6% 8% 10% 12% 9804 9615 .9091 8929 9434 9259 9246 8900 8573 8264 7972 7561 7513 7118 6575 9612 9423 8890 8396 7938 8548 7921 7350 .8319 7473 6806 9238 9057 8880 6830 6355 5718 6209 5674 4972 .7903 7050 6302 5645 5066 7599 6651 5835 5132 4523 8535 7307 6274 5403 4665 4039 8706 8363 4241 3606 8203 3855 3220 8043 .3505 7885 3186 7730 .6006 4688 2897 7026 5919 5002 .6756 5584 4632 .6496 5268 4289 .6246 4970 3971 3677 7579 7430 15% 20% 8696 8333 .6944 5787 4823 4019 2843 2472 2875 2149 2567 .1869 2292 1625 2633 2046 1413 2394 1827 1229 2176 .1631 .1069 3405 3152 7284 5339 3936 2919 7142 5134 3714 2703 7002 4936 3503 2502 1799 .1300 0808 6864 4746 3305 2317 .1635 1161 0703 .6730 4564 3118 2145 1486 0037 0611 1978 .1456 0929 5775 4423 5553 4173 4323 3759 3269 .3349 2791 2326 .1938 1615 1346 1122 0935 .0779 .0649 0541 0451 .0376 0313 0261 Activate Win Go to Settings to

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To calculate the present value of 1000 received at the ... View the full answer