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MT Q8 What is the present value of $15,000 received a. 12 years from today when the interest rate is 10% per year? b. 24

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What is the present value of $15,000 received a. 12 years from today when the interest rate is 10% per year? b. 24 years from today when the interest rate is 20% per year? c. 6 years from today when the interest rate is 5% per year? a. What is the present value of $15,000 received 12 years from today when the interest rate is 10% per year? The present value is $ (Round to the nearest cent.) b. What is the present value of $15,000 received 24 years from today when the interest rate is 20% per year? The present value is $ (Round to the nearest cent.) c. What is the present value of $15,000 received 6 years from today when the interest rate is 5% per year? The present value is $ (Round to the nearest cent.)

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