Question 5 Below is a table for the present value of $1 at compound interest....
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Question 5 Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.826 0.797 0.890 0.840 0.712 0.792 0.636 0.683 0.621 0.747 0.567 Below is a table for the present value of an annuity of $1 at compound interest Year 12% 0.893 0.943 1.833 2.673 - No 10% 0.909 1.736 2.487 3.170 3.791 1.690 2.402 3.037 3.605 Using the tables above, what would be the present value of $15,000 to be received at the end of each of the next 2 years, assuming an earnings Tale of 6967 Formula: Amount x PV factor - Present Value a $27.495 b. 525.350 $30,000 d. 526,040
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