Present Value
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How much would you have to invest today to receive:
a. $15,000 in 8 years at 10 percent?
b. $20,000 in 12 years at 13 percent?
c. $6,000 each year for 10 years at 9 percent?
d. $50,000 each year for 50 years at 7 percent?
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Solution Summary
The solution explains how to calculate the present value for the given future values
Solution Preview
Here we have to find the present values which will yield the required future values. We use the PVIF and PVIFA tables to get the PV factor. Questions a and b deal with lump sum and so we use the PVIF table to get the PV factor to find the present value. Questions c ...
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