Question: Problem 9-2 Present value (LO9-3] What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer
![Problem 9-2 Present value (LO9-3] What is the present value of](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/67013ea055494_81567013e9fd0e97.jpg)
Problem 9-2 Present value (LO9-3] What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $8,300 in 10 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. $17,000 in years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value C. $26,700 in 14 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
