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Using the Compound Interest Tables, Answer Each of the Following $50,000\$ 50,000

Question 80

Essay

Using the compound interest tables, answer each of the following questions.
Required: a. What is the present value on January 1,2014, of $50,000\$ 50,000 due on January 1,2020 , and discounted at 7%7 \% compounded annually?
b. What is the present value on January 1,2014, of $8,000\$ 8,000 due on January 1,2022, and discounted at 10%10 \% compounded semiannually?

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