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What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $8,200 in 12 years at 8 percent? b. $18,500
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What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,200 in 12 years at 8 percent?

b. $18,500 in 7 years at 11 percent?

c. $28,000 in 16 years at 9 percent?

User Grant Hutchins
by
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1 Answer

6 votes

Answer:

Instructions are listed below.

Step-by-step explanation:

Giving the following information:

What is the present value of:

PV= FV/(1+i)^n

a. $8,200 in 12 years at 8 percent

PV= 8,200/(1.08)^12= 3,256.33

b. $18,500 in 7 years at 11 percent?

PV= 8,910.68

c. $28,000 in 16 years at 9 percent?

PV= 7,052.35

User Klings
by
5.4k points
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