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Julia Baker died, leaving to her husband Morgan an insurance policy contract that provides that the beneficiary (Morgan) can choose any one of the following
Julia Baker died, leaving to her husband Morgan an insurance policy contract that provides that the beneficiary (Morgan) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly. Compute Present value if: $57,000 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458, 581.) Present value $ ______________ $4, 030 every 3 months payable at the end of each quarter for 5 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, erg. 458 581.) Present value $ ______________ $19, 080 immediate cash and $1, 908 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458, 581.) Present value $ __________ $4, 030 every 3 months for 3 years and $1, 490 each quarter for the following 25 quarters, al payments payable at the end of each quarter. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458, 581.) Present value $___________
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