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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.) :
| 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 | Interest Rate | Future value | |||||
| $ | 13 | 7 | % | $ | 15,251 | |||
| 4 | 13 | 49,557 | ||||||
| 29 | 14 | 884,073 | ||||||
| 40 | 9 | 548,164 | ||||||
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
4th Edition
0136026028, 9780136026020
