Find the present value (rounded to the nearest dollar) of: 1. $55,000 due in 4 years at
Question:
Find the present value (rounded to the nearest dollar) of:
1. $55,000 due in 4 years at 6% compounded annually.
2. $15,000 due in 6½ years at 4% compounded semiannually.
3. $100,000 due in 5 years at 16% compounded quarterly.
4. $85,000 due in 25 years at 10% compounded semiannually.
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All present value factors are from Table I Appendix B 1 55000 ...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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