In order to find present value for given single amount future values, values from PV of $1 table will be used.
1) $35,000 * PV (6%,16)
= $35,000 * 0.3936
= $13,776
2) $29,000 * PV (7%,16)
= $29,000 * 0.3387
= $9,822.3
3) $40,000 * PV (11%,16)
= $40,000 * 0.1883
= $7,532
4) $55,000 * PV (10%,10)
= $55,000 * 0.3855
= $21,202.5
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Determine the present value of the following single amounts (FV of $1, PV of $1, FVA...
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