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🎯Present Value and Future Value: 25 MCQs

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Deleted User 15 January 2025

254,000 / (1+10%)^5

Is this to the 5th power?

Thanks in advance.

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1. Maroun, CPA 18 January 2025
  
  Yes, you are correct!
  The expression (1+10%)^5 indeed means raising (1+0.10) to the 5th power.
  You’re most welcome!
  
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Ryo 24 April 2025

Hi, for question 19, I have an alternative method but I would like to ask the team to confirm if this is correct.

30 years;
1,800 × (1.08)^30 = 18,113

25 years;
1,800 × (1.08)^25 = 12,327

the difference would be 5,786
but would this answer still be correct if given in the choices above?

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1. Maroun, CPA 28 April 2025
  
  Hello Ryo,
  
  Conceptually, your method is correct, but to align with the answer choices on the CPA exam, you should stick with the exam’s supplied factors. If no tables were provided, $5,786 would have been the right answer choice.
  
  Hope that clears it up!
  
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