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Sally did such a good job as a TA, he is scheduled to receive a bonus of $10,000 in 5 years. With an interest rate
Sally did such a good job as a TA, he is scheduled to receive a bonus of $10,000 in 5 years. With an interest rate of 6%. what is that bonus worth today? Present Value of a Present Value of an Annuity of $1 Future Value of a $1 Future Value of an Annuity of $1 Period 6% Period 6% Period 6% Period 6% un 5 4.212 1.338 5 11.749 0.747 10 7.360 10 1.791 10 8.780 0.558 9.712 15 2.397 15 6.561 0.417 20 20 11.470 20 3.207 20 4.903 0.312 25 25 12.783 25 4.292 25 3.664 0.288 30 13.765 30 5.743 30 2.738 0.174 $10.500 5 5 4.212 5 1.338 5 0.747 11.749 10 10 7.360 10 1.791 10 8.780 0.558 15 9.712 15 2.397 15 6.561 0.417 20 20 111470 20 3.207 20 4.903 0.312 25 25 12.783 25 4.292 25 3.664 0.233 BO) 30 13.765 30 5.743 130) 2.738 COM174 0 $10,500 0 $42.120 $7470 o $13,338
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