Question: Problem 5-3 Calculating Present Values [LO2] For each of the following, compute the present value (Do not round intermediate calculations and round your answers to
Problem 5-3 Calculating Present Values [LO2]
| For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): |
| Present Value | Years | Interest Rate | Future value | ||||||
| $ | 12 | 6 | % | $ | 14,451 | ||||
| 3 | 12 | 41,557 | |||||||
| 28 | 13 | 876,073 | |||||||
| 30 | 10 | 540,164 | |||||||
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