Question

For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Interest Rate Years 10 2 11 Future Value 17,528 41,717 792,382 649,816 14 13 19 13

Answer 1

To compute present value, the formula is as follows

Present value = Future Value/(1+r)^n

where r is interest rate and n is number of years

using the above formula, the table is filled below

Present Value ($)	Year	Interest Rate	Future Value ($)
10,760.67	10	5%	17,528
33,858.45	2	11%	41,717
143,164.85	14	13%	792,382
63,723.55	19	13%	649,816

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