The present value of $40,000 to be received in 2 years, at 12% compounded annually, is _____ (rounded to the nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75131 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55839 0.50835 0.38554 0.32197

The present value of $40,000 to be received in 2 years, at 12% compounded annually, is _____ (rounded to the nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75131 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55839 0.50835 0.38554 0.32197

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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Periods	5%	6%	7%	10%	12%
1	0.95238	0.94340	0.93458	0.90909	0.89286
2	0.90703	0.89000	0.87344	0.82645	0.79719
3	0.86384	0.83962	0.81630	0.75131	0.71178
4	0.82270	0.79209	0.76290	0.68301	0.63552
5	0.78353	0.74726	0.71299	0.62092	0.56743
6	0.74622	0.70496	0.66634	0.56447	0.50663
7	0.71068	0.66506	0.62275	0.51316	0.45235
8	0.67684	0.62741	0.58201	0.46651	0.40388
9	0.64461	0.59190	0.54393	0.42410	0.36061
10	0.61391	0.55839	0.50835	0.38554	0.32197

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