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Calculate the present value of each of the following items. Round all answers to the nearest whole number. d. $500,000 inheritance ten years hence if
Calculate the present value of each of the following items. Round all answers to the nearest whole number.
d. $500,000 inheritance ten years hence if money is worth ten percent per year compounded annually. Answer ______________. 192772 IS NOT CORRECT
e. $2,500 received each half year for the next ten years plus a single sum of $85,000 at the end of ten years if the interest rate is twelve percent per year compounded semiannually. Answer _____________. $55177 IS NOT CORRECT
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