Essay
Compute the present value for each of the following amounts.
A. $60,000 received in 8 years if annual interest rate is: (1) 10% compounded annually or (2) 10% compounded semiannually
B. $12,000 received at the end of each year for the next 4 years if the money is worth 8% per year compounded annually
Correct Answer:
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A. (1) N = 8 I/Y = 10 PV = ? F...View Answer
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Correct Answer:
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