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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
Present Value of an Annuity of 1
Periods   8%   9%   10%
6   4.6229   4.4860   4.3553
7   5.2064   5.0330   4.8685
8   5.7467   5.5349   5.3350
9   6.2469   5.9953   5.7591
10   6.7101   6.4177   6.1446

Present Value of 1
Periods   8%   9%   10%
6   0.6302   0.5963   0.5645
7   0.5835   0.5470   0.5132
8   0.5403   0.5019   0.4665
9   0.5002   0.4604   0.4241
10   0.4632   0.4224   0.3855

How much should be deposited today in a 10% saving account compounded annually to receive $1,500 at the end of each of the next 9 years?
A) $13,500.00
B) $  8,638.65
C) $  1,500.00
D) $  9,626.55
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
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