For each of the following, compute the present value (Do not round intermediate calculations and round your...

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For each of the following, compute the present value (Do not round intermediate calculations and round your...

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	Years	Interest Rate		Future value
$	14	8	%	$	16,151
	5	14			58,557
	30	15			893,073
	35	8			557,164

business finance

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Answer 1

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Answer #1

To calculate Present value we use the following formulae

PV=C/(1+i)ⁿ

where PV is present value,C is future value ,I is rate of interest and n is no of years

Case 1)PV=16,151/(1+0.08)¹⁴=16,151/(1.08)¹⁴=16,151/2.937=$5499.15

case2)PV=58,557/(1+0.14)⁵=58,557/(1.14)⁵⁼58,557/1.925=$30,419.22

case3) PV=893,073/(1+0.15)³⁰⁼893,073/(1.15)³⁰⁼893,073/66.211=$13,488.29

^case4)PV=557,164(1+0.08)³⁵⁼557,164/(1.08)³⁵⁼557,164/14.785=$37,684.41

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Answer 2

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