Problem

Calculating Present Values. For each of the following, compute the present value: Pres...

Calculating Present Values. For each of the following, compute the present value:

Present Value

Years

Interest Rate

Future Value

 

12

4%

$ 17,328

 

4

9

41,517

 

16

12

790,382

 

21

11

647,816

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Solutions For Problems in Chapter 4