1. Use present value tables to compute the present value of $600,000 to be paid in 20 years, with an interest rate of 9 percent.

2. Use present value tables to compute the present value of 10 equal payments of $12,000, with an interest rate of 10 percent.

(Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1)

Table Function: Present Value of $1 Future Value: 600,000 n= 20 9.001 % Present Value