Question $1$

Compute Present Value

Number of periods

$($N$)$

Interest rate per

period

$($I$)$

Future value

$($FV$)$

$\mathrm{.}08$

$270,134\mathrm{.}44$

$500,000$

The present value of $$500,000$ to be

paid in $10$ years. The annual interest

rate is $8\%$

Question $2$

The present value of $$500,000$ to be paid in $10$ years. The annual interest rate is $8\%.$