In: Accounting
What is the present value of $907 per year for 9 years if the required return is 6 percent.
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Amount | $ 907 | ||
PVAF (n=9years, i=6%) | 6.80169 | ||
Present Value | $ 6,169 | ||
Year | Present Value | ||
1 | 0.94340 | ||
2 | 0.89000 | ||
3 | 0.83962 | ||
4 | 0.79209 | ||
5 | 0.74726 | ||
6 | 0.70496 | ||
7 | 0.66506 | ||
8 | 0.62741 | ||
9 | 0.59190 | ||
6.80169 | |||