Using the following partial table of present value of $1 at compound interest, determine the present value

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Using the following partial table of present value of $1 at compound interest, determine the present value of $20,000 to be received four years hence with earnings at the rate of 12% a year: Year 6% 10% 12%

1 .943 .909 .893

2 .890 .826 .797

3 .840 .751 .712

4 .792 .683 .636

a. $13,660

b. $12,720

c. $15,840

d. $10,400

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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Mar 05, 2018 10:18 AM

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Using the following partial table of present value of $1 at compound interest, determine the present value

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International Economics

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