Use the Present Value Table to Complete

question 76

Short Answer

Use the present value table to complete:
$\begin{array}{|l|l|l|l|l|l|l|}\hline \begin{array}{l}\text { Future } \\\text { Amount }\end{array} & \text { Length of } & \text { Rate } & \text { Table } & \text { Rate } & \text { P.V. } & \text { P.V. } \\\text { Desired } & \text { Time } & \text { Compounded } & \text { Period } & \text { Used } & \text { Factor } & \text { Amount } \\\hline \$ 9,000 & 20 \mathrm{yrs} & \begin{array}{l}10 \% \\\text { semiannually }\end{array} & \text { A } & \text { B } & \text { C } & \text { D } \\\hline\end{array}$

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Definitions:

Compounded Continuously

Pertains to the situation where interest is added to the principal balance of an investment, loan, etc., at an infinite number of times within a specified time period.

Balance

The equality between the sum of the debits and credits in an account, or the stability between opposing forces.

Compounded Annually

Refers to interest calculated once a year on the principal, including any previously earned interest.

Balance

In mathematics, the state in which both sides of an equation or an inequality have equal values or weights.