State the present worth of the following future payments: (a) $5,500 six years from now at 10%
Question:
State the present worth of the following future payments:
(a) $5,500 six years from now at 10% compounded annually.
(b) $7,000 three years from now at 9% compounded annually.
(c) $22,000 five years from now at 8% compounded annually.
(d) $13,000 eight years from now at 7% compounded annually.
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