Question: Present Value Computations Using the present value tables, solve the following. Round your answers to two decimal places. Required: What is the present value on

Present Value Computations

Using the present value tables, solve the following.

Round your answers to two decimal places.

Required:

What is the present value on January 1, 2016, of $30,000 due on January 1, 2020, and discounted at 10% compounded annually?

What is the present value on January 1, 2016, of $40,000 due on January 1, 2020, and discounted at 11% compounded semiannually?

What is the present value on January 1, 2016, of $50,000 due on January 1, 2020, and discounted at 16% compounded quarterly?

**The answers posted are not correct, and that's why I am reposting this question. Thank you!

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