Explore BrainMass
Share

Explore BrainMass

    Computing the Present Value: $50,000 receivable at the end

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I need assistance in doing this:

    Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods. (Round only the final answer for (c) to 2 decimal places, e.g. 10,250.25.)

    (a)

    (b) $50,000 payments to be made at the end of each period for 16 periods at 9%

    (c) $50,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%

    © BrainMass Inc. brainmass.com October 10, 2019, 4:57 am ad1c9bdddf
    https://brainmass.com/business/annuity/computing-the-present-value-50-000-receivable-at-the-end-485129

    Solution Summary

    Your tutorial is in Excel, attached. I used the tables in my book. You can verify that your tables use the same number of decimal places (some use four and some use five).

    $2.19