Question:
Determine the present value of the following single amounts:
Answer:
1. PV = $20,000 (.50835) = $10,167
Present value of $1: n = 10, i = 7% (from Table 2)
2. PV = $14,000 (.39711) = $5,560
Present value of $1: n = 12, i = 8% (from Table 2)
3. PV = $25,000 (.10367) = $2,592
Present value of $1: n = 20, i = 12% (from Table 2)
4. PV = $40,000 (.46651) = $18,660
Present value of $1: n = 8, i = 10% (from Table 2)
Determine the present value of the following single amounts:
Answer:
1. PV = $20,000 (.50835) = $10,167
Present value of $1: n = 10, i = 7% (from Table 2)
2. PV = $14,000 (.39711) = $5,560
Present value of $1: n = 12, i = 8% (from Table 2)
3. PV = $25,000 (.10367) = $2,592
Present value of $1: n = 20, i = 12% (from Table 2)
4. PV = $40,000 (.46651) = $18,660
Present value of $1: n = 8, i = 10% (from Table 2)
