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25. Problem 5.10 (Present and Future Values for Different Interest Rates) Find the following values, Compounding/discounting occurs annually. Do not round intermediate calculations. Round your
25. Problem 5.10 (Present and Future Values for Different Interest Rates) Find the following values, Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 8%. 5 b. An initial $800 compounded for 10 years at 16%. 5 c. The present value of $800 due in 10 years at 8%. 5 d. The present value of $1.955 due in 10 years at 16% and 8%. Present value at 16%;$ Present value at 8%;5 e. Define present value. 1. The present value is the value today of a sum of money to be received in the future and in generat is less than the future value. II. The present value is the value today of a sum of money to be recelved in the future and in general is greater than the future value: IIt. The present value is the value today of a sum of money to be recelved in the future and in general is equal to the future value IV. The present value is the volue in the future of a sum of money to be received today and in generat is less than the future value. V. The present value is the value in the future of a sum of money to be recelved today and in general is greater than the future value. How are present values affected by interest rates? Astuming potithes inteies rated, the preserit wate wil decrease an the inderest rale decteates
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