Present Value
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39. The present value of $30,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar) ________.
$23,916
$37,632
$23,700
$30,000
40. When the market rate of interest was 11%, Welch Corporation issued $100,000, 8%, 10-year bonds that pay interest semiannually. Using the straight-line method, the amount of discount or premium to be amortized each interest period would be ________.
$4,000
$896
$17,926
$1,793
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39. Use the following formula in Excel
=PV(12%,2,0,-30000)
to get ...
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