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Using the appropriate interest table, compute the present values of the following periodic amounts due at...

Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.

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(a)

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$52,710 receivable at the end of each period for 9 periods compounded at 12%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Present value $enter the present value in dollars rounded to 0 decimal places

Entry field with correct answer280852

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(b)

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$52,710 payments to be made at the end of each period for 17 periods at 9%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Present value $enter the present value in dollars rounded to 0 decimal places
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Answer #1

a. Present value = 52710*5.3282 = $280852

b. Present value = 52710*8.5436 = $450333

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