Question: Part 1: Use the appropriate factors from Table 6-4 or Table 6-5 to answer the following questions. (a.) What is the present value of $90,000

Part 1:

Use the appropriate factors from Table 6-4 or Table 6-5 to answer the following questions. (a.) What is the present value of $90,000 to be received in six years using a discount rate of 12%? (b.) How much should be invested today at a return on investment of 16% compounded annually to have $150,000 in eleven years?

Part 2:

Use the appropriate factors from Table 6-4 or Table 6-5 to answer the following questions. (a.) What is the present value of $100,000 in ten years using a discount rate of 8%? (b.) How much should be invested today at a return on investment of 16% compounded annually to have $60,000 in ten years?

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