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19. Present Value Calculations. For each of the following independent scenarios, use in the appendix to calculate the present value of the cash flow described.

19. Present Value Calculations. For each of the following independent scenarios, use in the appendix to calculate the present value of the cash flow described.

1. $10,000 will be received 4 years from today. The rate is 10 percent.

2. $10,000 will be received 4 years from today. The rate is 20 percent.

3. $50,000 will be received 15 years from today. The rate is 12 percent.

4. $50,000 will be received 15 years from today. The rate is 6 percent.

20. Present Value Calculations (Annuities). For each of the following independent scenarios, use in the appendix to calculate the present value of the cash flow described. Round to the nearest dollar.

1. $1,000 will be received at the end of each year for 6 years. The rate is 12 percent.

2. $1,000 will be received at the end of each year for 6 years. The rate is 15 percent.

3. $10,000 will be received at the end of each year for 6 years. The rate is 7 percent.

4. $250,000 will be received at the end of each year for 4 years. The rate is 10 percent

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