Asked by Jennifer
Determine the present values if $5,000 is received in the future (at the end of each indicated time period) in each of the following situations:
a. 5% for 10yrs
b. 7% for 7yrs
c. 9% for 4yrs
a. 5% for 10yrs
b. 7% for 7yrs
c. 9% for 4yrs
Answers
Answered by
Reiny
I will do the last one, you do the other two in the same way
c)
PV = 5000(1.09)^-4
= $3542.13
c)
PV = 5000(1.09)^-4
= $3542.13
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