For each of the following, compute the present value:
Present Value Years Interest Rates Future Value
6 5% $15,451
9 11 51,557
18 16 886,073
23 19 550,164
Please refer attached sheet for undersatnding the use of MS Excel for such calculations.
Values in dollars
Years Rate ...
The solution describes the steps in calculating present values for different combinations of future values, periods and discount rates.