Present Value Computations Assuming that money is worth 10%, compute the present value of: 1. The right
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Question:
Present Value Computations
Assuming that money is worth 10%, compute the present value of:
1. The right to receive $12,000 at the end of each of the next six years.
$Answer
2. The obligation to pay $11,000 at the end of each of the next 10 years.
$Answer
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