Question: Given below are the present value factors for $1.00 discounted at 8% for one to five periods. Interest is compounded annually at 8%. Periods Present

Given below are the present value factors for $1.00 discounted at 8% for one to five periods. Interest is compounded annually at 8%.

Periods

Present Value of $1 Discounted at 8% per Period

1

0.926

2

0.857

3

0.794

4

0.735

5

0.681

What is the present value today of $16600 to be received six years from today?

$16600 0.926 6

$16600 0.794 2

$16600 0.735 3

$16600 0.681 0.926

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