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ACCT 382 - Week 6 - Chapter 6 Homework - Question 3

ACCT 382 - Week 6 - Chapter 6 Homework - Question 3
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ACCT 382 - Week 6 - Chapter 6 Homework - Question 3

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Question 3

Determine the combined present value as of December 31, 2013, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (FV of $1PV of $1FVA of $1PVA of $1FVAD of $1 and PVAD of $1(Use appropriate factor(s) from the tables provided.)

Payment

Year Received

$

5,000

 

2014

 

 

6,000

 

2015

 

 

8,000

 

2017

 

 

9,000

 

2019