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. $8,500 in 8 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value =
b. $17,500 in 6 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value =
c. $27,000 in 17 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value =
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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