Question

Refer to the appropriate tables in the text.
Required:
Determine:
a. The present value of $ 1,200 to be received in seven years, assuming that the interest (discount) rate is 8 percent per year.
b. The present value of an annuity of seven cash flows of $ 1,200 each (one at the end of each of the next seven years) for which the interest (discount) rate is 8 percent per year.
c. The future value of a single cash flow of $ 1,200 that earns 8 percent per year for seven years.
d. The future value of an annuity of seven cash flows of $ 1,200 each (one at the end of each of the next seven years), assuming that the interest rate is 8 percent per year.


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  • CreatedSeptember 22, 2015
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