Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 4 0.792 0.683 0.636 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 4.212 3.791 3.605 Using the tables provided, the present value of $14,286 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is a. $45,287 Ob. $9,757 Oc. $11,315 Od. $14,286
Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 4 0.792 0.683 0.636 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 4.212 3.791 3.605 Using the tables provided, the present value of $14,286 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is a. $45,287 Ob. $9,757 Oc. $11,315 Od. $14,286
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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