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Computing Present Values of Single Amounts and Annuities Refer to Tables 1 and 2 in Appendix A near the end of the book to compute
Computing Present Values of Single Amounts and Annuities Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the following amounts, Round answers to the nearest dollar, a. $120,000 received 10 years hence if the annual interest rate is: 1.10% compounded annually 2. 10% compounded semiannually b. $2,000 received at the end of each year for the next eight years discounted at 8% compounded annually, 5 C. 5800 received at the end of each six months for the next 15 years if the interest rate is 10% per year compounded semiannually s d. $250.000 received 10 years hence discounted at 10% per year compounded annually. 5
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