What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,200 in 12 years at 8 percent?

b. $18,500 in 7 years at 11 percent?

c. $28,000 in 16 years at 9 percent?

Question

Claire

Business

6 October, 07:18

What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,200 in 12 years at 8 percent?

b. $18,500 in 7 years at 11 percent?

c. $28,000 in 16 years at 9 percent?

+1

Answers (1)

Know the Answer?

Kara Suarez · Answer 1

Instructions are listed below.

Explanation:

Giving the following information:

What is the present value of:

PV = FV / (1+i) ^n

a. $8,200 in 12 years at 8 percent

PV = 8,200 / (1.08) ^12 = 3,256.33

b. $18,500 in 7 years at 11 percent?

PV = 8,910.68

c. $28,000 in 16 years at 9 percent?

PV = 7,052.35

What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.a. $8,200 in 12 years at 8 percent?b. $18,500 in 7 years at 11 percent?c. $28,000 in 16 years at 9 percent?

What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,200 in 12 years at 8 percent?

b. $18,500 in 7 years at 11 percent?

c. $28,000 in 16 years at 9 percent?