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
14 8 % $15,551
5 14 % 52,557
30 15 % 887,073
35 8 % 551,164

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