Present Value Computations

Assuming that money is worth $10\%,$ compute the present value of

Round answers to the nearest whole number.

$1.$ $$12,000$ received $15$ years from today.

$Answer

$2.$ The right to inherit $$2,250,00014$ years from now.

$Answer

$3.$ The right to receive $$6,000$ at the end of each of the next six years.

$Answer

$4.$ The obligation to pay $$8,000$ at the end of each of the next $10$ years.

$Answer

$5.$ The right to receive $$10,000$ at the end of the $7$th$,8$th$,9$th$,$ and $10$th years from today.

$Answer