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Using the Following Partial Table of Present Value of $1

Question 53

Multiple Choice

Using the following partial table of present value of $1 at compound interest, determine the present value of $30,000 to be received three years hence, with earnings at the rate of 12% a year: Using the following partial table of present value of $1 at compound interest, determine the present value of $30,000 to be received three years hence, with earnings at the rate of 12% a year: A) $14,240 B) $16,800 C) $21,360 D) $15,840


A) $14,240
B) $16,800
C) $21,360
D) $15,840

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