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What is the present value of $3,000 to be received 2 years from now, if the discount rate is: (a) 9%, (b) 13%, and (c) 25%? 1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer is complete but not entirely correct. Use the appropriate table (Appendix C: Table 1) to answer the above questions. (Round your answers to the nearest whole dollar amount.) Disssunt Dresent

What is the present value of $3,000 to be received 2 years from now, if the discount rate is: (a) 9%, (b) 13%, and (c) 25%? 1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer is complete but not entirely correct. Use the appropriate table (Appendix C: Table 1) to answer the above questions. (Round your answers to the nearest whole dollar amount.) Disssunt Dresent

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the present value of $3,000 to be received 2 years from now, if the discount rate is: (a) 9%, (b) 13%, and (c) 25%? 1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the appropriate table (Appendix C: Table 1) to answer the above questions. (Round your answers to the nearest whole dollar amount.) (a) (b) (c) Discount Rate 9% 13% 25% $ GAGA $ X Answer is complete but not entirely correct. $ Present Values 1 x 1 x 1 x
Transcribed Image Text:What is the present value of $3,000 to be received 2 years from now, if the discount rate is: (a) 9%, (b) 13%, and (c) 25%? 1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the appropriate table (Appendix C: Table 1) to answer the above questions. (Round your answers to the nearest whole dollar amount.) (a) (b) (c) Discount Rate 9% 13% 25% $ GAGA $ X Answer is complete but not entirely correct. $ Present Values 1 x 1 x 1 x
1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 X Answer is complete but not entirely correct. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. (Round "PV Factor" to 5 decimal places and "PV values" to 2 decimal places.) (a) (b) (c) Rate 9% 13% 25% PV Factor 0.84200 x $ 0.78300 × $ 0.64000 $ PV 2,526.00 2,349.00 1,920.00
Transcribed Image Text:1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 X Answer is complete but not entirely correct. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. (Round "PV Factor" to 5 decimal places and "PV values" to 2 decimal places.) (a) (b) (c) Rate 9% 13% 25% PV Factor 0.84200 x $ 0.78300 × $ 0.64000 $ PV 2,526.00 2,349.00 1,920.00
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