Calculate the present value of the following: a-1. Annual payment of $1,000 for 10 years at 5%
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Question:
Calculate the present value of the following: |
a-1. | Annual payment of $1,000 for 10 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Present value | $ |
a-2. | Annual payment of $800 for 15 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Present value | $ |
a-3. | Which option would you prefer? | ||||
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b-1. | Annual payment of $1,000 for 10 years at 20% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Present value | $ |
b-2. | Annual payment of $800 for 15 years at 20% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Present value | $ |
b-3. | Which option would you prefer? | ||||
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Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date: