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Present Value Computations Assuming that money is worth 10%, compute the present value of Round answers to the nearest whole number. 1. $8,000 received 15
Present Value Computations Assuming that money is worth 10%, compute the present value of
Round answers to the nearest whole number.
1. $8,000 received 15 years from today.
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2. The right to inherit $1,250,000 14 years from now.
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3. The right to receive $2,000 at the end of each of the next six years.
$Answer
4. The obligation to pay $4,000 at the end of each of the next 10 years.
$Answer
5. The right to receive $6,000 at the end of the 7th, 8th, 9th, and 10th years from today.
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