Help Save&ExitS; Present and future value tables of S1 at 9% are presented below
ID: 2556885 • Letter: H
Question
Help Save&ExitS; Present and future value tables of S1 at 9% are presented below. Pv of $1 Fv of $1 PVA of $1 FVAD of $1 PVA of $1 1 0.91743 1.09000 | 0.91743 20.84168 1.18810 1.75911 30.77218 1.29503 2.53129 1.0900 2.2781 3.5731 4 0.70843 1.41158 3.239724.9847 1.0000 2.0900 .2781 .5731 50.649 6 0.59627 1.67710 4.48592 8.2004 -5233 Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $4.200 at the end of each of the next four years and a lump sum receipt of $5700 at the end of the fifth year The total present value of these payments if interest is at 9%is Mutiple Choice 19.307 8 3 4 6Explanation / Answer
Answer D $17311
As per the Present and future value tables of $1 at 9% presented:
Hence PV = (4200 * 0.91743) + (4200 * 0.84168) + (4200 * 0.77218) + (4200 * 0.70843) + (5700 * 0.64993)
= 3853.21 + 3535.07 + 3243.16 + 2975.41 + 3704.60
= 17311.45
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