Present Value Computations

Assuming that money is worth $12\%,$ compute the present value of:

Note: Round answers to the nearest whole number, if applicable.

$1.$ $$6,000$ received $15$ years from today.

$Answer $1$

$2.$ The right to inherit $$2,000,00014$ years from now.

$Answer $2$

$3.$ The right to receive $$2,000$ at the end of each of the next six years.

$Answer $3$

$4.$ The obligation to pay $$1,000$ at the end of each of the next $10$ years.

$Answer $4$

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

$Answer $5$