Essay
Using the present value tables, solve the following problems.
Required:
1) What is the present value of a $100,000 loan issued on January 1, 2014, due on January 1, 2019, discounted at 14% compounded annually?
2) What is the present value of a $100,000 loan issued on January 1, 2014, due on July 1, 2019 discounted at 16% compounded quarterly?
3) What is the amount of the present value discount on $25,000 due at the end of seven years at 9% compounded annually?
Correct Answer:
Verified
Correct Answer:
Verified
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