Question: Use these present value tables to answer the question that follow Below is a table for the present value of $1 at Compound interest. 6%

 Use these present value tables to answer the question that follow

Use these present value tables to answer the question that follow Below is a table for the present value of $1 at Compound interest. 6% 0.943 0.890 0.840 0.792 0.747 10% 0.909 0.826 0.751 0.683 0.621 12% 0.893 0.797 0.712 0.636 0.567 Year Below is a table for the present value of an annuity of $1 at compound interest. 6% 0.943 1.833 2.673 3.465 4.212 10% 0.909 1.736 2.487 3.170 3.791 Year 12% 0.893 1.690 2.402 3.037 3.605 4 Using the tables above, what would be the present value of $14,949 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%? Oa. $10,210 , $14,949 -$11,840 Od. $47,388

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!

Q:

\f