Om it the sign in your re sponse pres ent value 85665

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Unformatted text preview: a ce s a nd fina l a nsw e r to the ne a re st dolla r a m ount. Om it the "$" sign in your re sponse .) Pres ent value $ 85,665 Explanation: a . $15,000 × 7.360 (from Table PV-2) = $110,400 Pres ent Value. b. $9,200 (an amount rec eived or paid today is already s tated at its pres ent value.) c. Pres ent value of $300 paid monthly for 36 months , dis c ounted at 1 1/2% per month: $300 × 27.661 (from Table PV-2) Pres ent value of $12,000 due in 36 months , dis c ounted at 1 1/2% per month: $12,000 × 0.585 (from Table PV-1) Total $ 8,298 7,020 $ 15,318 d. Pres ent value of $15,000 rec eived annually for five y ears , dis c ounted at 8% : $15,000 × 3.993 (from Table PV-2) Add: Pres ent value of additional $10,000 rec eived annually during firs t three y ears , dis c ounted at 8% : $10,000 × 2.577 (from Table PV-2) Total 17. $ 59,895 25,770 $ 85,665 aw ar d: 0.50 out of 1.00 point http://ezto.mhecloud.mcg r aw- hill.com/hm_accounting .tpx?todo= pr intview 18/21...
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