Compute the present value of $46,000, invested for six years at 8%
Present value of $1:
5% 6% 7% 8% 9%
3 0.864 0.840 0.816 0.794 0.772
4 0.823 0.792 0.763 0.735 0.708
5 0.784 0.747 0.713 0.681 0.650
6 0.746 0.705 0.666 0.630 0.596
7 0.711 0.665 0.623 0.583 0.547
A) $36,647
B) $25,300
C) $32,660
D) $28,980
D .Future Value $46,000
Present Value Factor 0.630
Present Value ($46,000 x 0.630 ) $28,980
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