Solved

Use the Present Value Table to Complete

Question 76

Short Answer

Use the present value table to complete:
 Future  Amount  Length of  Rate  Table  Rate  P.V.  P.V.  Desired  Time  Compounded  Period  Used  Factor  Amount $9,00020yrs10% semiannually  A  B  C  D \begin{array}{|l|l|l|l|l|l|l|}\hline \begin{array}{l}\text { Future } \\\text { Amount }\end{array} & \text { Length of } & \text { Rate } & \text { Table } & \text { Rate } & \text { P.V. } & \text { P.V. } \\\text { Desired } & \text { Time } & \text { Compounded } & \text { Period } & \text { Used } & \text { Factor } & \text { Amount } \\\hline \$ 9,000 & 20 \mathrm{yrs} & \begin{array}{l}10 \% \\\text { semiannually }\end{array} & \text { A } & \text { B } & \text { C } & \text { D } \\\hline\end{array}

Correct Answer:

verifed

Verified

A. 40 peri...

View Answer

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

Related Questions