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Larry mattingly

Exercise 16-2 Determining the present value of a lump-sum future cash receipt LO 16-1 Larry Mattingly turned 20 years old tod
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Answer #1

cash = $65454.55

Please find below table useful to compute desired results: -

А B 1 Future Value 72000 2 Rate of Return =10/100 3 Time Period 1 year 4 Present Value =PV(B2,B3.0,-B1) =B1*(1/(1+B2) B3) |

End Results would be as follows: -

B А 1 Future Value $72,000.00 2 Rate of Return 3 Time Period 4 Present Value $65,454.55 565,454.55 10% 1 year

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