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Use present value tables to compute the present value of 10 equal payments of $1

ID: 2469113 • Letter: U

Question

Use present value tables to compute the present value of 10 equal payments of $16,000, with an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.)

Use present value tables to compute the present value of 10 equal payments of $16,000, with an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.)

Explanation / Answer

16,000*6.710=$107,361.

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