Can someone please break this down so I know how to work this problem? What is...
Can someone please break this down so I know how to work this problem?
What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a. $8,400 in 12 years at 11 percent? (Do
not round intermediate calculations. Round your final answer to 2
decimal places.)
b. $17,200 in 6 years at 9 percent? (Do
not round intermediate calculations. Round your final answer to 2
decimal places.)
c. $26,800 in 18 years at 10 percent?
(Do not round intermediate calculations. Round your final
answer to 2 decimal places.)
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