Question
For each question please include the values for the time periods, the annual interest/discount rate, the payment amount, the Future Value, and the Present Value.
For each question please include the values for the time periods, the annual interest/discount rate, the payment amount, the Future Value, and the Present Value.
1a. Calculate the present value of an ordinary annuity of $4,000 received annually for 5 years, assuming a discount rate of 10%.
2a. Calculate the present value of $50,000 to be received in 15 years assuming an annual interest rate of 6%.
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
