Question: 2A Q2 Part 1 Calculating Present Values [LO2] For each of the following, compute the present value: Present Value Years Interest Rate Future Value 13

2A Q2

Part 1

Calculating Present Values [LO2] For each of the following, compute the present value:

Present Value	Years	Interest Rate	Future Value
	13	9%	$ 15,451
	4	7	51,557
	29	24	886,073
	40	35	550,164

Pt 2

Calculating Present Values [LO2] Suppose you are committed to owning a $225,000 Ferrari. If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in 9 years on the day you turn 30, how much must you invest today?

please clarify answer for part 1 & 2

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