for each of the following, compute the present value: (Do not round intermediate alculations and round your answers to 2 decimal places, e.g., 32.16.)
for each of the following, compute the present value: (Do not round intermediate alculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value 12 6% $ 14,751 3 12 % 44,557 28 13 % 879,073 30 10% 543,164
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the present value PV based on the future value FV the interest rate and the number of years we will use the Present Value formula This fo...
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Step: 2
Step: 3
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Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
