6 Determine the present values if $5,000 is received in the future (i.e., at the end of each indicated time period) in each of the following situations:

5 percent for ten years

7 percent for seven years

9 percent for four years

(Melicher 246)

Melicher, Ronald W., Edgar Norton. Introduction to Finance: Markets, Investments, andFinancial Management, Enhanced eText, 16th Edition. Wiley, 2016-10-17. VitalBook file.