Use the following table to answer the question. Periods 5% 6% 7% 10% 1 0.95238 0.94340...

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Use the following table to answer the question. Periods 5% 6% 7% 10% 1 0.95238 0.94340 0.93458 0.90909 0.90703 0.89000 0.87344 0.82645 0.86384 0.83962 0.81630 0.75132 4. 0.82270 0.79209 0.76290 0.68301 0.78353 0.74726 0.71299 0.62092 0.74622 0.70496 0.66634 0.56447 0.71068 0.66506 0.62275 0.51316 0.67684 0.62741 0.58201 0.46651 0.64461 0.59190 0.54393 0.42410 10 0.61391 0.55840 0.50835 0.38554 What is the present value of a $26,000 to be received six years, if the market rate is 5% compounded annually? Round your answer to two decimal places. Use the following table to answer the question. Periods 5% 6% 7% 10% 1 0.95238 0.94340 0.93458 0.90909 0.90703 0.89000 0.87344 0.82645 0.86384 0.83962 0.81630 0.75132 4. 0.82270 0.79209 0.76290 0.68301 0.78353 0.74726 0.71299 0.62092 0.74622 0.70496 0.66634 0.56447 0.71068 0.66506 0.62275 0.51316 0.67684 0.62741 0.58201 0.46651 0.64461 0.59190 0.54393 0.42410 10 0.61391 0.55840 0.50835 0.38554 What is the present value of a $26,000 to be received six years, if the market rate is 5% compounded annually? Round your answer to two decimal places.

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Amount to be received after 5 year 62... View the full answer