Question: Using the present value tables, solve the following: Required 1. What is the present value on January 1, 2007 of $30,000 due on January 1,

Using the present value tables, solve the following:


Required

1. What is the present value on January 1, 2007 of $30,000 due on January 1, 2011 and discounted at 10% compounded annually?

2. What is the present value on January 1, 2007 of $40,000 due on January 1, 2011 and discounted at 11% compounded semiannually?

3. What is the present value on January 1, 2007 of $50,000 due on January 1, 2011 and discounted at 16% compounded quarterly?

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