Question: Round to the nearest cent (Present value) What is the present value of the following future amounts? a. $800 to be received 8 years from
Round to the nearest cent
(Present value) What is the present value of the following future amounts? a. $800 to be received 8 years from now discounted back to the present at 11 percent. b. $400 to be received 6 years from now discounted back to the present at 9 percent. c. $1,150 to be received 13 years from now discounted back to the present at 4 percent. d. $1,050 to be received 6 years from now discounted back to the present at 19 percent. a. What is the present value of $800 to be received 8 years from now discounted back to the present at 11 percent? $(Round to the nearest cent.) b. What is the present value of $400 to be received 6 years from now discounted back to the present at 9 percent? $(Round to the nearest cent.) c. What is the present value of $1,150 to be received 13 years from now discounted back to the present at 4 percent? $(Round to the nearest cent.) d. What is the present value of $1,050 to be received 6 years from now discounted back to the present at 19 percent? (Round to the nearest cent.)
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