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4 June, 03:34

What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,200 in 12 years at 8 percent?

b. $18,500 in 7 years at 11 percent?

c. $28,000 in 16 years at 9 percent?

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Answers (1)
  1. 4 June, 06:10
    0
    Instructions are listed below.

    Explanation:

    Giving the following information:

    What is the present value of:

    PV = FV / (1+i) ^n

    a. $8,200 in 12 years at 8 percent

    PV = 8,200 / (1.08) ^12 = 3,256.33

    b. $18,500 in 7 years at 11 percent?

    PV = 8,910.68

    c. $28,000 in 16 years at 9 percent?

    PV = 7,052.35
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