Appendix C

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Use present value tables to compute the present value of $$540,000$ to be paid in $10$ years, with an interest rate of $7$ percent. $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1)($Use appropriate factor$($s$)$ from the tables

$3\mathrm{.}13$ points

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References $*($The future value pf $$1$ on the chart is $1\mathrm{.}96715)$