Question
How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your
How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a) $14,900 in 9 years at 9 percent.
Round your final answer to 2 decimal places.
b) $19,250 in 17 years at 14 percent.
Round your final answer to 2 decimal places.
c) $7,800 each year for 20 years at 6 percent.
Round your final answer to 2 decimal places.
d) $53,000 each year for 25 years at 12 percent.
Round your final answer to 2 decimal places.
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