Question: Using a present value table Cable 6.4 and Table 6-5). calculate the present value for the following: (Use the appropriate value(s) from the tables provided.
Using a present value table Cable 6.4 and Table 6-5). calculate the present value for the following: (Use the appropriate value(s) from the tables provided. Round your PV factors to 4 decimal places and final answers to the nearest whole dollor.) Required: a. A car down payment of $9.000 that will be required in two years, assuming an interest rate of 10% Privalue b. A lottery prize of $18 million to be paid at the rate of $900,000 per year for 20 years, assuming an interest rate of 10% Present value c. The same annual amount as in part b. but assuming an interest rate of 14% Presunt value d. A financing lease obligation that calls for the payment of $24,000 per year for 10 years, assuming a discount rate of 8% Present value
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