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The rate of earnings is 6% and the cash to be received in 4 years is $21,440. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points) Year 1 2 3 4 6% 0.943 0.890 0.840 0.792 a. $13,635.84 b. $14,643.52 c. $16,980.48 d. $18,009.60 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636

The rate of earnings is 6% and the cash to be received in 4 years is $21,440. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points) Year 1 2 3 4 6% 0.943 0.890 0.840 0.792 a. $13,635.84 b. $14,643.52 c. $16,980.48 d. $18,009.60 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636

Essentials Of Investments
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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The rate of earnings is 6% and the cash to be received in 4 years is $21,440. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points) Year 1 2 3 4 6% 0.943 0.890 0.840 0.792 a. $13,635.84 b. $14,643.52 c. $16,980.48 d. $18,009.60 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636
Transcribed Image Text:The rate of earnings is 6% and the cash to be received in 4 years is $21,440. The present value amount, using the following partial table of present value of $1 at compound interest is (round to two decimal points) Year 1 2 3 4 6% 0.943 0.890 0.840 0.792 a. $13,635.84 b. $14,643.52 c. $16,980.48 d. $18,009.60 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636
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