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(Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted back to the
(Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted back to the present at 9 percent b. $300 to be received 6 years from now discounted back to the present at 7 percent c. $1,000 to be received 13 years from now discounted back to the present at 5 percent d. $1,150 to be received 4 years from now discounted back to the present at 17 percent a. What is the present value of $800 to be received 10 years from now discounted back to the present at 9 percent? $ (Round to the nearest cent.) b. What is the present value of $300 to be received 6 years from now discounted back to the present at 7 percent? $ (Round to the nearest cent.) c. What is the present value of $1,000 to be received 13 years from now discounted back to the present at 5 percent? $ (Round to the nearest cent.) d. What is the present value of $1,150 to be received 4 years from now discounted back to the present at 17 percent? $ (Round to the nearest cent.)
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