Find the Present Value

question 42

Multiple Choice

Find the present value. Round to the nearest cent.
-

• A)$6,575.71
• B)$3,217.88
• C)$3,242.82
• D)$1,382.12

---

Definitions:

Cash Receipts Journal

A specialized accounting journal that tracks all cash inflows or money received by a business.

Sales Journal

A specialized accounting journal used to record all sales made by a business on credit.

Sales Journal

A specialized accounting journal used to record all sales of merchandise on credit.

Cash Sales

Cash sales are transactions where payment is made immediately in cash or through electronic means at the time of purchase, without extending credit.