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For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present

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For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 14 Interest Rate Future value 8 %$ 14,551 14 42,557 15 877,073 8 541,164 5 30 35 l a. At 6.9 percent Interest, how long does it take to double your money? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.At 6.9 percent Interest, how long does it take to quadruple your money? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. years Length of time Length of time b. years An Investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of a consol that pays $250 annually If the next payment occurs one year from today? The market Interest rate is 3.6 percent. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value

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