Question

Can someone please help me with this? I have been trying to solve it and I am now on my last attempt and I don't know what I
Home Read, Study & Practice Gradebook ORION Downloadable eTextbook Assignment> Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Ch. 6.Homework Your answer is incorrect. Try again Practice Exercise 6- What is the future value of $29,000 at the end of 5 periods at 11% compounded interest? (Round answer to 0 decimal places, eg. 458,581.) Future value 19,326 Review Score y Study Objective LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again what is the present value of $29,000 to be received at the end of each of 20 periods, discounted at 8% compound interest? (Round answer to。 decimal places, e.g. 458,581.) Present value 127,128 Reflect in ePortfolio
am doing wrong

Answer 1

1)	Future Value			$           48,867
	Working:
	Future Value		=	Investment *(1+i)^n			Where,
			=	29000*(1+0.11)^5			i	11%
			=	$           48,867			n	5
2)	Present Value			$       2,84,726
	Working:
	Cumulative discount factor			=	(1-(1+i)^-n)/i		Where,
				=	(1-(1+0.08)^-20)/0.08		i	8%
				=	9.81814741		n	20
	Present Value		=	29000	x	9.818147
			=	$       2,84,726
3)	Present Value			$           10,166
	Working:
	Present Value		=	Future Value *(1+i)^-n			Where,
			=	29000*(1+0.14)^-8			i	14%
			=	$           10,166			n	8
4)	Future Value			$     11,72,106
	Working:
	Future Value of annuity of 1			=	(((1+i)^n)-1)/i		Where,
				=	(((1+0.13)^15)-1)/0.13		i	13%
				=	40.4174644		n	15
	Future Value			=	$       29,000	x	40.41746
				=	$ 11,72,106