Intermediate Accounting 14th Edition

by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.

Published by Wiley

ISBN 10: 0470587237

ISBN 13: 978-0-47058-723-2

Chapter 6 - Accounting and the Time Value of Money - Exercises - Page 344: E6-5c

Answer

76, 940.63

Work Step by Step

There are two ways to approach this: (1) Using the tables in the back of the book, we find: 50,000 X 3.03735 X .50663 = 76, 940.63 OR (2) (5.65022 – 4.11141) X 50,000 = 76, 940.5 (difference of .13 due to rounding).

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