# Assuming that money is worth 10%, compute the present value of a. ($7,000) received 15 years from

## Question:

Assuming that money is worth 10%, compute the present value of

**a.** \($7,000\) received 15 years from today. Bing

**b.** The right to inherit \($1,000,000\) 14 years from now.

**c.** The right to receive \($1,000\) at the end of each of the next six years.

**d.** The obligation to pay \($3,000\) at the end of each of the next 10 years.

**e.** The right to receive \($5,000\) at the end of the 7th, 8th, 9th, and 10th years from today

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**Related Book For**

## Managerial Accounting For Undergraduates

**ISBN:** 9781618531124

1st Edition

**Authors:** Christensen, Theodore E. Hobson, L. Scott Wallace, James S.