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Ted Roberts has been offered the following future payments n years from today. If his opportunity cost is i, compounded annually, what value would he

Ted Roberts has been offered the following future

payments n years

from today. If his opportunity cost

is i,

compounded annually, what value would he place on each opportunity?

Future

Value ($)

Interest

Rate (%)

Years

Present

Value ($)

8,100

4

12

6,800

9

28

6,200

17

27

4,300

12

21

Future

Value ($)

Interest

Rate (%)

Years

Present

Value ($)

8,100

4

12

(Round to the nearest cent.)

What is the present value for each year?

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