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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. $16,500 in 7 years at 14 percent. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value b. $20,750 in 15 years at 7 percent. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value c. $8,600 each year for 18 years at 6 percent. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value ^
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