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Using the Following Partial Table of Present Value of $1

Question 14

Multiple Choice

Using the following partial table of present value of $1 at compound interest, the present value of $15,000 to be received three years hence with earnings at the rate of 6% a year is Using the following partial table of present value of $1 at compound interest, the present value of $15,000 to be received three years hence with earnings at the rate of 6% a year is A) $12,600 B) $11,880 C) $13,350 D) $11,265


A) $12,600
B) $11,880
C) $13,350
D) $11,265

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