The rate of earnings is 10% and the cash to be received in three years is $10,000. Determine the present value amount, using the following partial table of present value of S1 at compound interest Year 6% 10% 12% 1.943 .909.893 2.890 .826.797 3.840 .751 .712 4.792.683.636 a. $8,260 b. $6,830 c. $7,510 d. $13,316

The rate of earnings is 10% and the cash to be received in three years is $10,000. Determine the present value amount, using the following partial table of present value of S1 at compound interest Year 6% 10% 12% 1.943 .909.893 2.890 .826.797 3.840 .751 .712 4.792.683.636 a. $8,260 b. $6,830 c. $7,510 d. $13,316

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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