Using the following table, what is the present value of $15,000 to be received in 10 years, if the market rate is 5% compounded annually? $$\begin{array} { | l | c | c | c | c | }
\hline \text { Periods } & 5 \% & 6 \% & 7 \% & 10 \% \
\hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \
\hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \
\hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \
\hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \
\hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \
\hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \
\hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \
\hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \
\hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \
\hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \
\hline
\end{array}$$

Question

Using the following table, what is the present value of $15,000 to be received in 10 years, if the market rate is 5% compounded annually? $$\begin{array} { | l | c | c | c | c | } 
\hline \text { Periods } & 5 \% & 6 \% & 7 \% & 10 \% \
\hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \
\hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \
\hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \
\hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \
\hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \
\hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \
\hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \
\hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \
\hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \
\hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the following table, what is the present value of $15,000 to be received in 10 years, if the market rate is 5% compounded annually? $$\begin{array} { | l | c | c | c | c | } 
\hline \text { Periods } & 5 \% & 6 \% & 7 \% & 10 \% \
\hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \
\hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \
\hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \
\hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \
\hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \
\hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \
\hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \
\hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \
\hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \
\hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \
\hline
\end{array}$$

Using the Following Table, What Is the Present Value of $15,000