Compute the present value of the following single amounts to be received at the end of the specified period at the given interest rate.

Question

Quizplus · Accepted Answer

a. PV = $1,500 $\times$ 0.90909 (Table 2; n = 1; i = 10%) = $1,364.
b. PV = $1,500 $\times$ 0.82645 (Table 2; n = 2; i = 10%) = $1,240.
c. PV = $1,500 $\times$ 0.75131 (Table 2; n = 3; i = 10%) = $1,127.
d. PV = $1,500 $\times$ 0.68301 (Table 2; n = 4; i = 10%) = $1,025.

Compute the Present Value of the Following Single Amounts to Be