9-22 Continued Revised answers based on 12% (first alternative) Present value of$10,000 received today: $10,000 (second alternative) Present value of annuity of $2,000 for 8 years ppendix d PVA =AX PVIEA $2,000X PVIEA (12%, 8 years s2,000x4.968 $9,936 (third alternative) Present value of $24,000 received in 8 years ppendix B PV=FⅤ X PVE =$24000XPVr(12%,8 years) $24.000x404 =$9696 Select $10.000 now -317 Copyright C2005 by The McGra-Hill Companies, Inc.Copyright © 2005 by The McGraw-Hill Companies, Inc. S-317 9-22. Continued Revised answers based on 12%. (first alternative) Present value of $10,000 received today: $10,000 (second alternative) Present value of annuity of $2,000 for 8 years: Appendix D PVA = A x PVIFA = $2,000 x PVIFA (12%, 8 years) = $2,000 x 4.968 = $9,936 (third alternative) Present value of $24,000 received in 8 years: Appendix B PV = FV x PVIF = $24,000 x PVIF (12%, 8 years) = $24,000 x .404 = $9,696 Select $10,000 now