Using the present value tables, solve the following problems: Required 1. What is the present value on

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Using the present value tables, solve the following problems:

Required

1. What is the present value on January 1, 2007 of $30,000 due on January 1, 2012 and discounted at 12% compounded annually?

2. What is the present value on July 1, 2007 of $8,000 due January 1, 2012 and discounted at 16% compounded quarterly?

3. What is the compound discount on $8,000 due at the end of five years at 10% compounded annually?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:02 AM

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Using the present value tables, solve the following problems: Required 1. What is the present value on

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1 p 30000 30000 0567427 1702281 2 p 8000 Pn ...View the full answer

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