What is the present value of $14,000 received: a. Twenty eight years from today when the interest
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Question:
What is the present value of $14,000 received:
a. Twenty eight years from today when the interest rate is 9% per year ?
b. Fourteen years from today when the interest rate is 5% per year ?
c. Seven years today when the interest rate is 3% per year ?
a. Twenty eight years from today when the interest rate is 9% per year ?
The present value of $14,000 received 28 years ago from today when the interest rate is 9% per year is $___ ( Round to the nearest dollar.)
b. Fourteen years from today when the interest rate is 5% per year ?
The present value of $14,000 received 14 years ago from today when the interest rate is 5% per year is$ ___ (Round to the nearest dollar )
c. Seven years from today when the interest rate is 3% per year?
The present value of $14,000 received 7 years from today when the interest rate is 3% per year is $___ (Round to the nearest dollar )
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Related Book For 
Construction accounting and financial management
ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
Posted Date:
