Cengage : CengageNow2 [O | 834a90c0-525a-× | e Chegg Study | Guide Homework Help

Question

Cengage : CengageNow2 [O | 834a90c0-525a-× | e Chegg Study | Guide Homework Help-Q Q ACCT 2121 Chapter + v O oxp-cdn.cengage.info/protected/prod/assets/83/4/834a90c0-525a-4a04-8a90-eb51223ccec7.png?_gda -st-1521207364 exp-152181 EXHIBIT 8 Present Value of $1 at Compound Interest Periods 4% 5%96 696 10% 11% 12% 0.96154 0.956940 0.95238 094787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 088496 0.92456 0.915730 0.90703 089845 089000 0.88166 0.87344 082645 081162 079719 0.78315 0.88900 0876300 0,86384 085161 0.83962 0.82785 0.81630 0.75131 0.73119 071178 0.69305 0.85480 0.838560 0.82270 .80722 0.79209 0.77732 0.76290 0.68301 0.65873 063552 0.61332 0.82193 0.802450 0.78353 076513 0.74726 0.72988 071299 0.62092 0.59345 056743 0.54276 0.79031 0.767900 0.74622 072525 0.70496 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 0.75992 0.734830 0.71068 0.68744 0.66506 0.64351 0.62275 051316 0.48166 045235 0.42506 0.73069 0.703190 0.67684 065160 0.6274 0.60423 0.5820 046651 0.43393 040388 0.37616 0.70259 0.672900 0.64461 0.61 763 0.59190 0.56735 0.54393 0.42410 0.39092 0.36061 0.33288 0.67556 0.643930 0.61391 0.58543 0.55839 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 10 9:56 AM Type here to search 3/16/2018 37

Explanation / Answer

Present value of $40000=40000*Present value factor(n=2,I=12%)=40000*0.79719=$31887.60

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