Solved

Below Is a Table for the Present Value of $1

Question 119

Multiple Choice

Below is a table for the present value of $1 at compound interest. Below is a table for the present value of $1 at compound interest. Using the tables above, what is the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%? A) $10,815 B) $7,206 C) $9,111 D) $1,908 Below is a table for the present value of $1 at compound interest. Using the tables above, what is the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%? A) $10,815 B) $7,206 C) $9,111 D) $1,908
Using the tables above, what is the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%?


A) $10,815
B) $7,206
C) $9,111
D) $1,908

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q109: The management of Wyoming Corporation is considering

Q115: By converting dollars to be received in

Q116: The rate of earnings is 6% and

Q116: An analysis of a proposal by the

Q118: Using the following partial table of present

Q120: Below is a table for the present

Q121: Below is a table for the present

Q124: Assume in analyzing alternative proposals that Proposal

Q125: A company is contemplating investing in a

Q140: Brunette Company is contemplating investing in a

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents