Compute the following present values: a. Present value of $8,000 to be received 15 years from now.
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a. Present value of $8,000 to be received 15 years from now. The appropriate interest rate is 12%.
b. Present value of $3,000 to be received at the end of each year for the next seven years.
The appropriate interest rate is 9%.
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a Amount of payment 8000 Present value factor of 1 to be received in 15 periods at 12 interest from ...View the full answer
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