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Present and future value tables of $1 at 9% are presented below. awarded PV of $1 FV of $1 PVA of $1 1 0 .91743 1.09eee 0.917
Ο $14,301. Ο $11,430. Ο $8,100. Ο $12,801. < PreN. 13 of 15 1ΗΣ Next >
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Answer #1

Present Value = Cash Flows * Present Value of Discounting Factor(Rate, time)

= $ 3200 * 1/(1.1.09)^1+$ 3200 * 1/(1.1.09)^2+$ 3200 * 1/(1.1.09)^3+4700*1/(1.09)^4

=3200*0.91743+3200*0.84168+3200*0.77218+4700*0.70843

= $ 11429.75

= $ 11430

Answer : $ 11,430

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