Question
Below is a table for the present value of $1 at compound interest. Year 6% 10%...
Below 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 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 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 5 4.212 3.791 3.605
Using the tables above, what is the present value of $6,000 to be received at the end of each of the next 4 years, assuming an earnings rate of 10%? a. $14,412 b. $19,020 c. $20,790 d. $25,272
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Below is a table for the present value of $1 at Compound interest. Year 6% 10%...
Below is a table for the present value of $1 at Compound
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Below is a table for the present value of $1 at Compound interest. Year 6% 10%...
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Below is a table for the present value of $1 at Compound interest. Year 6% 10%...
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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
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0.621
0.567
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compound interest.
Year
6%
10%
12%
1
0.943
0.909
0.893
2
1.833
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3
2.673
2.487
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3.465
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Below is a table for the present value of $1 at compound interest. Year 6% 10%...
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4
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0.943
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