Using the present value tables, solve the following: Required 1. What is the present value on January

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Using the present value tables, solve the following:

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1. What is the present value on January 1, 2007 of $30,000 due on January 1, 2011 and discounted at 10% compounded annually?

2. What is the present value on January 1, 2007 of $40,000 due on January 1, 2011 and discounted at 11% compounded semiannually?

3. What is the present value on January 1, 2007 of $50,000 due on January 1, 2011 and discounted at 16% compounded quarterly?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:03 AM

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Using the present value tables, solve the following: Required 1. What is the present value on January

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1 p f p 30000 p 30000 0683013 p 20490...View the full answer

Intermediate Accounting

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