Question: Exercise 14A-3 (Static) Basic Present Value Concepts [LO14-7] In three years, when he is discharged from the Air Force, Stevo wants to buy an $8,000


Exercise 14A-3 (Static) Basic Present Value Concepts [LO14-7] In three years, when he is discharged from the Air Force, Stevo wants to buy an $8,000 power boat. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $8,000 at the end of three years if he can invest money at: (Round your final answer to the nearest whole dollar amount.) EXIIBIT 14-1 Present Yalue of \$1: 11+AN41 EXHBTT 14B-2 Present Valoc of an Aneulity of 51 in Arrears: r1[1n+p21]
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