Present and future value tables of $1 at 9% are presented below. ...
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Accounting
Present and future value tables of $1 at 9% are presented below.
PV of $1
FV of $1
PVA of $1
FVAD of $1
FVA of $1
1
0.91743
1.09000
0.91743
1.0900
1.0000
2
0.84168
1.18810
1.75911
2.2781
2.0900
3
0.77218
1.29503
2.53129
3.5731
3.2781
4
0.70843
1.41158
3.23972
4.9847
4.5731
5
0.64993
1.53862
3.88965
6.5233
5.9847
6
0.59627
1.67710
4.48592
8.2004
7.5233
Ajax Company purchased a six-year certificate of deposit for its building fund in the amount of $210,000. How much should the certificate of deposit be worth at the end of six years if interest is compounded at an annual rate of 9%?
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