Question
What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial
What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $7,600 in 12 years at 5 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $16,300 in 6 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $25,500 in 18 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) HintseBook & Resources Hint #1
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