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. $7,600 in 12 years at 5 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $16,300 in 6 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $25,500 in 18 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) HintseBook & Resources Hint #1
Present value=Cash flow*Present value of discounting factor(rate%,time period)
a.Present value=7600/(1.05)^12
=$4231.96(Approx).
b.Present value=16300/(1.08)^6
=$10271.76(Approx).
c.Present value=25500/(1.07)^18
=$7544.53(Approx).
What is the present value of the following? Use Appendix B as an approximate answer, but...
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. $8,300 in 13 years at 5 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. $18,600 in 3 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value c. $28,100 in 9 years at 8...
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. $8,700 in 9 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. $17,800 in 4 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value C. $27,500 in 12 years at 11...
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. $7,800 in 6 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $16,500 in 3 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $25,700 in 9 years at 8 percent? (Do...
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. $8,600 in 5 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $17,600 in 3 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $27,100 in 9 years at 7 percent? (Do not...
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How much would you have to invest today to receive the following? Use Appendix B or Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $15,500 in 12 years at 11 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $20,000 in 19 years at 7 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c....
Your grandfather has offered you a choice of one of the three following alternatives: $5,500 now; $1,250 a year for five years; or $17,000 at the end of five years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.a-1. Assuming you could earn 6 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.)1250 -> Present value = _________ a-2. If you...
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