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Problem 5-9 Future Values (LO1) You invest $1,300 today and expect to sell your investment for $2,500 in 10 years. a-1 Calculate the present value
Problem 5-9 Future Values (LO1) You invest $1,300 today and expect to sell your investment for $2,500 in 10 years. a-1 Calculate the present value of the future payoff, if the interest rate is 6%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value .. a-2. Is this a good deal? Yes O No b-1 Calculate the present value, if the interest rate is 7%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-2. Is this a good deal? O Yes O No
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