Worldatwork Exam T7 Topic 1 Question 64 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 64
Topic #: 1

Company XYZ has a group of six employees who will be retiring in four years -- on the 31st of December. Each retiree will receive $125,000. Company XYZ's accountants must make provisions in their accounts for this. Calculate the present value of future payments based on a discount rate of 10%.

A$512,250

B$551,250

C$515,500

D$521,500

Show Suggested Answer

Suggested Answer: A

by Lawrence at Jan 07, 2023, 03:53 PM

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