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Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the
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. $150,000 received 10 years hence if the annual interest rate is: 1. 10% compounded annually. $ 2. 10% compounded semiannually. $ 0 0 b. $5,000 received at the end of each year for the next eight years discounted at 8% compounded annually. $ c. $1,100 received at the end of each six months for the next 15 years if the interest rate is 10% per year compounded semiannually. $ d. $280,000 received 10 years hence discounted at 10% per year compounded annually. $
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