Question
C ences Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: Note: Use the appropriate value(s)
C ences Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: Note: Use the appropriate value(s) from the tables provided and final answers to the nearest whole dollar. Required: a. A car down payment of $16,000 that will be required in two years, assuming an interest rate of 10%. b. A lottery prize of $28 million to be paid at the rate of $1,400,000 per year for 20 years, assuming an interest rate of 10% c. The same annual amount as in part b, but assuming an interest rate of 14%. d. A financing lease obligation that calls for the payment of $36.000 per year for 10 years, assuming a discount rate of 8% a. Present value b. Present value c. Present value d. Present value
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