is a table for the present value of $1 at compound interest: 6% 10% 0.943 0.909 0.890 0.826 0.840 0.751 4 0.792 0.683 5 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 1 0.943 0.909 2 1.833 1.736 3 2.673 2.487 3.465 3.170 4.212 3.791 Year 1 2 3 12% 0.893 1.690 2.402 3.037 3.605 Using the tables provided, the present value of $14,544 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is Oa. $14,544 Ob. $11,519 Oc. $9,934 Od. $46,104 4 12% 0.893 0.797 0.712 0.636 0.567 5

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Following is a table for the present value of $1 at compound interest:
Year 6%
10%
0.943
0.909
0.890
0.826
0.840
0.751
0.792
0.683
0.747
0.621
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
2
1.833
1.736
1.690
2.673
2.487
2.402
4
3.465
3.170
3.037
5
4.212
3.791
3.605
Using the tables provided, the present value of $14,544 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is
Oa. $14,544
Ob. $11,519
Oc. $9,934
Od. $46,104
1
2
3
4
5
3
12%
0.893
0.797
0.712
0.636
0.567
Transcribed Image Text:Following is a table for the present value of $1 at compound interest: Year 6% 10% 0.943 0.909 0.890 0.826 0.840 0.751 0.792 0.683 0.747 0.621 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 2 1.833 1.736 1.690 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables provided, the present value of $14,544 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is Oa. $14,544 Ob. $11,519 Oc. $9,934 Od. $46,104 1 2 3 4 5 3 12% 0.893 0.797 0.712 0.636 0.567
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Annuity
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education