Find the present value (rounded to the nearest dollar) of: 1. $$ 15,000$ due in 5 years
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Find the present value (rounded to the nearest dollar) of:
1. $\$ 15,000$ due in 5 years at 8 percent compounded annually 2. $\$ 25,000$ due in $81 / 2$ years at 10 percent compounded semiannually.
3. $\$ 9,500$ due in 4 years at 12 percent compounded quarterly.
4. $\$ 20,000$ due in 20 years at 8 percent compounded semiannually
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Related Book For
Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen
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