Present Value of a Lump Sum. Complete Worksheet 4:

Calculating the Present Value of a Lump Sum from “My Personal Financial Planner”

for the following three questions:

(a) lump sum needed $10,000, 5 years, 6%;

(b) lump sum needed $250,000, 30 years, 8%;

(c) lump sum needed $30,000, 10 years, 7%.

Fill out the worksheet including the last two columns.

AppendixLO1