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Quiz question, please show work and answer quickly :) (Present value) What is the present value of the following future amounts? a. $900 to be
Quiz question, please show work and answer quickly :)
(Present value) What is the present value of the following future amounts? a. $900 to be received 8 years from now discounted back to the present at 10 percent b. $200 to be received 8 years from now discounted back to the present at 9 percent c. $1,000 to be received 11 years from now discounted back to the present at 4 percent d. $1,100 to be received 6 years from now discounted back to the present at 19 percent a. What is the present value of $900 to be received 8 years from now discounted back to the present at 10 percent? $ (Round to the nearest cent.) b. What is the present value of $200 to be received 8 years from now discounted back to the present at 9 percent? (Round to the nearest cent.) c. What is the present value of $1,000 to be received 11 years from now discounted back to the present at 4 percent? $ (Round to the nearest cent.) d. What is the present value of $1,100 to be received 6 years from now discounted back to the present at 19 percent? (Round to the nearest cent.)Step by Step Solution
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