Page 1 of 1
Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: (Use the appropria
Posted: Wed Jul 06, 2022 6:22 am
by answerhappygod
- Using A Present Value Table Table 6 4 And Table 6 5 Calculate The Present Value For The Following Use The Appropria 1 (291.98 KiB) Viewed 10 times
Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: (Use the appropriate value(s) from the tables provided. Round your PV factors to 4 decimal places and final answers to the nearest whole dollar.) Required: a. A car down payment of $9,500 that will be required in two years, assuming an interest rate of 14%. Present value b. A lottery prize of $20.0 million to be paid at the rate of $1,000,000 per year for 20 years, assuming an interest rate of 14%. Present value c. The same annual amount as in part b, but assuming an interest rate of 18%. Present value