Question: Problem 5-12 Present Values (LO2) Compute the present value of a $300 cash flow for the following combinations of discount rates and times. (Do not
Problem 5-12 Present Values (LO2)
Compute the present value of a $300 cash flow for the following combinations of discount rates and times. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
a. r = 12%; t = 8 years
b. r = 12%; t = 16 years
c. r = 6%; t = 8 years
d. r = 6%; t = 16 years
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