Present Value/compound interest
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The present value of $100,000 to be received in five years at an interest rate of 16%, compounded annually, is $47,610.
Required:
Using a present value table (Table 6-4 and Table 6-5), your calculator, or a computer program present value function, calculate the present value of $100,000 for each of the following items (parts aâ?"f) using these facts, except
(e)
The cash will be received in three years. (Round pv factor to 4 decimal places, and the final answer to nearest whole dollar amount. Omit the "$" sign in your response.
Present value $
(f)
The cash will be received in seven years. (Round pv factor to 4 decimal places, and the final answer to nearest whole dollar amount. Omit the "$" sign in your response.
Present value $
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Present Value/compound interest
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(e)
The cash will be received in three years. (Round pv factor to 4 decimal places, and the final answer to nearest whole ...
Purchase this Solution
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