Using the tables provided, the present value of $13,265.00 (rounded to the nearest dollar) to be received at the end of each of th next 4 years, assuming an earnings rate of 12%, is O a. $47,820 Ob. $40,286 Oc. $31,863 Od. $13,265

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Following is a table for the present value of $1 at compound interest:
Year
6%
10%
12%
1
0.943
0.909
0.893
0.890
0.826
0.797
3
0.840
0.751
0.712
4
0.792
0.683
0.636
0.747
0.621
0.567
Following 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
1.833
1.736
1.690
2.673
2.487
2.402
4
3.465
3.170
3.037
4.212
3.791
3.605
Using the tables provided, the present value of $13,265.00 (rounded to the nearest dollar) to be received at the end of each of the
next 4 years, assuming an earnings rate of 12%, is
O a. $47,820
Ob. $40,286
Oc. $31,863
Od. $13,265
Transcribed Image Text:Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 0.747 0.621 0.567 Following 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 1.833 1.736 1.690 2.673 2.487 2.402 4 3.465 3.170 3.037 4.212 3.791 3.605 Using the tables provided, the present value of $13,265.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is O a. $47,820 Ob. $40,286 Oc. $31,863 Od. $13,265
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