What is the present value of $10000 received
a. Twelve years from today when interest rate is 4% per year
b. Twenty years from today when the interest rate is 8% per year
c. Six years from today when the interest rate is 2% per year
What is the present value of $1000 paid at the end of each of the next 100 years if the interest rate is 7% per year?
Three rules of time travel in calculating future value.