Question: I am trying to figure out the present value. Present value Years Interest rate Future value _______________ 13 7% $14,951 _______________ 413 $46,557 _______________ 2914$881,073

I am trying to figure out the present value.

Present value Years Interest rate Future value

_______________ 13 7% $14,951

_______________ 413 $46,557

_______________ 2914$881,073

_______________ 40 9$545,164

I know that the equation is 14951/(1.07)13

but I cannot g figure out what the (1.07)13 is please help me in detail

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2019, $ millions Total revenues...

Q:

I need to know how to do the sections under Master It! and Solution Ross, Westerfield, Jaffe, and Jordan's Spreadsheet Master Corporate Finance, 11th edition by Brad Jordan and Joe Smolira Version...

Q:

How much will $18000 grow to over 20 years if the annual rate of return is 6%? 3.00 You know the PV and are trying to find the FV of single sum (FV $1 table). Exercise 1 10 13 S 14 22 23 Exercise 2...

Q:

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

Q:

Opening Statement for Defense The 1948 U.S. Presidential election was a hard fight for Harry Truman. No one thought he had a shot and the folks at the Chicago Daily Tribune didn't think so either. At...

Q:

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

Hello, Can I get some help figuring out the "solution" portion of this excel file. Thank you Ross, Westerfield, and Jordan's Spreadsheet Master Fundamentals of Corporate Finance, 10th edition by Brad...

Q:

Week 4 Homework Assignment This assignment is due by 6 p.m. eastern time on Sunday, September 17.When you turn it in, please: (1) Include your team number and assignment number in the filename(s)....

Q:

Need help filling out the finance workheets attached. Adapted by Robert Timmons, D.B.A. 2010 - 2015 Managerial Finance BUS 8003 Chapter 4 Selected Problems 2-26 Printer Friendly NOTE: The problem...

Q:

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

Q:

Let U Z2, A (0,1,2,3,4,5,6,7), B=(4,5,6,7,8,9, 10, 11). List = the elements (i) A (ii) Bc. (iii) An B. (iv) AUB. (v) A\B. (vi) B\A. (vii) BUA.

Q:

What is the use of a voucher package? Document the receipt of inventory Document completion of services Document a purchase contract Document for recording the purchase of goods or services

Q:

The everage number of whicles wating in a line to enter a pating two tan lee modeled by the function [ x ] = x 2 5 ( 4 - x ) The talt of thange for x = 0 . 2 i n ( Simplify your answer. Triet an...

Q:

Amelia buys coffee for $1 per cup and tea for 50 per cup; every day she drinks 1 cup of coffee and 2 cups of tea. Bernard buys coffee for 50 per cup and tea for $1 per cup; every day he drinks 2 cups...

Q:

The Fowlerville, California, Department of Emergency Services is concerned about whether response times to 911 calls are within what the chief regards as an acceptable range. The head of emergency...

Q:

Xerxes Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 36 skeins of wool at a cost of $2 per skein and 0.8 gallons of dye at a cost of...

Q:

A professor has been asked to teach a course in social science statistics off-campus to a class of graduate students enrolled in the Continuing Education Program of the University. Because the...

Q:

The county assessor of McClain County wants to hire an assistant whose job will involve extensive travel. She would like to give applicants for the position a fair idea of the average time that they...

Q:

Tourism and Hospitality (T&H) is one of the most affected industries by COVID19 globally. Unlike other industries that have shifted their business model to online service delivery, T&H is unable to...

Q:

Competence: What knowledge, skills and attitude do I have towards what I am going to do?

Q:

1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...

Q:

Behaviour: What am I doing?