Multiple Choice
A single amount of $6,400 is to be received in 4 years.If the single amount is discounted at 8% for 4 periods,the present value is ________.The present value of $1 for 4 periods at 8% is 0.735.The present value of an ordinary annuity of $1 for 4 periods at 8% is 3.312.(Round your final answer to the nearest dollar. )
A) $4,704
B) $5,376
C) $6,400
D) $21,197
Correct Answer:
Verified
Correct Answer:
Verified
Q1: You have received a settlement offer from
Q2: The process of determining the present value
Q3: To calculate the future value of an
Q4: Ordinary annuity investments provide multiple receipts of
Q5: The difference between the future value of
Q7: Most businesses ignore compound interest when calculating
Q8: You have won $1,250,000 in a lottery.Your
Q9: Compound interest is only the interest you
Q10: Whether making investments or borrowing money,we don't
Q11: Cooper Company has purchased equipment that requires