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The present value of $1552.90 due 10 years at 12% and at 6%? Calculate present value or FV FV= 1,552.90 Present Value= 499.9 (12%)Present Value=

The present value of $1552.90 due 10 years at 12% and at 6%? Calculate present value or FV

FV= 1,552.90 Present Value= 499.9 (12%)Present Value= 499.9 <---- correct my calculations if they are wrong Thank you!!!!

N= 10 Present Value= 867.13 (6%)Present Value= 867.13 (6%)

1/Y= 12 and 6 separately

DEfine present value and illustrate it using a time line with data from the exercise above. How are present values affected by interest rates?

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