Question

the factor from the present value table for ten years at ten percent is 0.3855. if you want to find the present value of $8,000 under these assumptions (10 years and 10%), then you must do the following:

a. multiply $8,000 times 0.3855

b. divide $8,000 times 0.3855

c. find a different factor

d. none of the above

Answer

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