Question: Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797

compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890

Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 10% 12% 6% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 3.605 5 4.212 3.791 Using the tables provided, the present value of $8,000 to be received 1 year from today, assuming an earnings rate of 12%, is a. $7,544 Ob. $7,120 c. $7,144 d. $7,272

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!

Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 uw - 0.792 0.683 0.636 0.747 0.621 0.567 Below is a table for...

Question 2: Project A requires an original investment of $50,000. The project will yield cash flows of $15,000 per year for seven years. Project B has a calculated net present value of $13,500 over a...

43. Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840...

Please answer all and I will give thumbs up The expected average rate of return for a proposed investment of $756,000 in a fixed asset, with a useful life of four years, straight-line depreciation,...

Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751...

Below is a table for the present value of $1 at Compound interest. Year 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 0.747 0.621 0.567 Below is a table for the...

Thanks in advance, I will rate 5-star The amount of the average investment for a proposed investment of $173,000 in a fixed asset with a useful life of four years, straight-line depreciation, no...

Below is a table for the present value of $1 at Compound Interest. Year 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 0.747 0.621 0.567 Below is a table for the...

Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year 6% 10% 1296 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751...

Please write how to decrypt P3, if it is encrypted as C3 = E(K, C2P3)

What is scope and importance of statistics

Which of the following is true regarding private placements of primary security offering?? Multiple Choice Extenalve and costly registration statements are required by the SEC. For very large issues....

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

(Entries for Available-for-Sale and Trading Securities) The following information is available for Barkley Company at December 31, 2007, regarding its investments. Instructions (a) Prepare the...

(Trading Securities Entries) On December 21, 2006, Bucky Katt Company provided you with the following information regarding its trading securities. During 2007, Colorado Company stock was sold for...

(Available-for-Sale Securities Entries and Financial Statement Presentation) At December 31, 2006, the available-for-sale equity portfolio for Steffi Graf, Inc. is as follows. On January 20, 2007,...