Question
Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the following
Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the following amounts. Round answers to the nearest dollar. a. $140,000 received 10 years hence if the annual interest rate is:
1. 10% compounded annually. | $Answer |
2. 10% compounded semiannually. | $Answer |
b. $4,000 received at the end of each year for the next eight years discounted at 8% compounded annually. $Answer c. $1,000 received at the end of each six months for the next 15 years if the interest rate is 10% per year compounded semiannually. $Answer d. $270,000 received 10 years hence discounted at 10% per year compounded annually. $Answer
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