Solved

Below Is a Table for the Present Value of $1

Question 60

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. Below is a table for the present value of an annuity of $1 at compound interest. Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%? A) $11,250 B) $10,245 C) $3,750 D) $47,550 Below is a table for the present value of an annuity of $1 at compound interest.
Below is a table for the present value of $1 at Compound interest. Below is a table for the present value of an annuity of $1 at compound interest. Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%? A) $11,250 B) $10,245 C) $3,750 D) $47,550 Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%?


A) $11,250
B) $10,245
C) $3,750
D) $47,550

Correct Answer:

verifed

Verified

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

Related Questions

Q33: Briefly describe the time value of money.

Q56: A project has estimated annual cash flows

Q58: The process by which management plans, evaluates,

Q62: The production department is proposing the purchase

Q63: A project has estimated annual net cash

Q64: The anticipated purchase of a fixed asset

Q65: Below is a table for the present

Q104: In net present value analysis for a

Q148: An analysis of a proposal by the

Q156: Only managers are encouraged to submit capital