invest
Question
How much would you have to invest today to receive: Use Appendix B or Appendix D for an approximate answer,
but calculate your final answer using the formula and financial calculator methods.
| a. | $15,000 in 10 years at 14 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value | $ |
| b. | $19,500 in 20 years at 15 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value | $ |
| c. | $7,900 each year for 19 years at 12 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value | $ |
| d. | $54,000 each year for 50 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value |
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