Given that Round your final answer to nearest whole dollar amoount.
Present value = Future value / Futurevalue Factor at (i,n).
1) Present value = $40,000 / Futurevalue factor (10%, 5 years) = $40,000 / 1.61051 = $24,836.85 = $24,837.
Answer for 1 = $24,837.
Note : Please comment down for any further clarificaions.
Return to question 8 Exercise 5-5 (Static) Solving for unknowns; single amounts (LO5-4) 0.68 points For...
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