Compute the present value of $46,000, invested for six years at 8%. Present value of $1:
$$\begin{array} { | l | l | l | l | l | l | }
\hline & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% \
\hline 3 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 \
\hline 4 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 \
\hline 5 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 \
\hline 6 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 \
\hline 7 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 \
\hline
\end{array}$$

Question

Compute the present value of $46,000, invested for six years at 8%. Present value of $1:
$$\begin{array} { | l | l | l | l | l | l | } 
\hline & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% \
\hline 3 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 \
\hline 4 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 \
\hline 5 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 \
\hline 6 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 \
\hline 7 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Compute the present value of $46,000, invested for six years at 8%. Present value of $1:
$$\begin{array} { | l | l | l | l | l | l | } 
\hline & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% \
\hline 3 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 \
\hline 4 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 \
\hline 5 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 \
\hline 6 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 \
\hline 7 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 \
\hline
\end{array}$$

Compute the Present Value of $46,000, Invested for Six Years