EX 14-17 & 14-18 I had already submitted this HW 3 weeks ago so have the exact # amounts, but cant remember how I got to the down to cent amounts. I want to review for a test due in 2 days. Also due to coronavirus haven't had any review or instruction in last 3 weeks, thus my predicament.

Componna 18% KX14-17 a. Prosent Value of susunts Sue 1000,ooo in 3yrs @ 10% Compount interest (ors181) 0.75 131 FASO = = = 9.09.090.90.1.10 PA= 751310 yr. 2 = 826,441, 2809972 - 110 - yr.l. = 751,310.80090156 PA b. Cash received today is worth more than some Aissent nos cst receved in the futus , pg. 613 (Value sig misney in states with time) 8757000 90909.09 EX 14-18 Present Value of Annuity a.2.200,000 pri 10,934581 | +186,916 @ 7% vra 0.817 344 174688 vr3 0,81630 163260 yr 4 10.76298152, sto Prosentvalue samo 3,38722677,444 pv of Annuity at compound Interest 200, ooo 4 yrs 3.38721 x 2 = 677 442 @ 7% e can be invested to earn enterest WA LUNICIUSIOs can you draw? Appendix 1 EX 14-17 Present value of amounts due Tommy John is going to receive $1,000,000 in three years. The current market rate of interest is 10%. a. Using the present value of $1 table in Exhibit 8, determine the present value of this amount compounded annually. b. Why is the present value less than the $1,000,000 to be received in the future? Appendix 1 EX 14-18 Present value of an annuity Determine the present value of $200,000 to be received at the end of each of four years. using an interest rate of 7%, compounded annually, as follows: a. By successive computations, using the present value table in Exhibit 8. b. By using the present value table in Exhibit 10. c. Why is the present value of the four $200,000 cash receipts less than the $800,000 to be received in the future? Appendix 1