5-15

What is the present value of the following future amounts?

a. $800 to be received 10 years from now discounted back to the present at 10%

b. $300 to be received 5 years from now discounted back to the present at 5% 154 155

c. $1,000 to be received 8 years from now discounted back to the present at 3%

d. $1,000 to be received 8 years from now discounted back to the present at 20%

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