Essay
Compute the present value for each of the following amounts.
a. $100,000 received in 8 years if annual interest rate is: (1) 10% compounded annually or (2) 10% compounded semiannually
b. $10,000 received at the end of each year for the next 4 years if the money is worth 8% per year compounded annually
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a. Present value of a sum of $100,000 at...View Answer
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