Question: 7 Using provided data, solve for present value. Round your final answers to the nearest whole dollar. TVM Tables (Click links to access) Facts PV:

7 Using provided data, solve for present value. Round your final answers to the nearest whole dollar. TVM Tables (Click links to access)

7 Using provided data, solve for present value. Round your final answers to the nearest whole dollar. TVM Tables (Click links to access) Facts PV: Payment: $4,000 Annual Interest Rate: 15% Deferral period 6 year(s) Payment period 4 year(s) Compounded: Annually Table Method STEP 1: PV = PMT X Factor = 4,000 2.8550 = 11420 STEP 2: PV = FV Factor 11420

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