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    Present value computation

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    (Computation of Present Value) Using the appropriate interest table, compute the present values
    of the following periodic amounts due at the end of the designated periods.
    (a) $30,000 receivable at the end of each period for 8 periods compounded at 12%.
    (b) $30,000 payments to be made at the end of each period for 16 periods at 9%.
    (c) $30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%.

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    Solution Summary

    The solution computes present value using interest tables.

    $2.49

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