Using the Compound Interest Tables, Answer Each of the Following

Essay

Using the compound interest tables, answer each of the following questions.
Required:
a. Assuming that $100,000 to be paid at the end of ten years has a present value today of
$50,834.90, what interest rate compounded annually is used in the calculation of the present value?
b. What amount must be deposited today if $200,000 is to be accumulated six years from today, and interest at 12% is compounded semiannually?