Assuming that money is worth 10%, compute the present value of Round answers to the nearest whole number. 1. $11,000 received 15 years from today. $Answer 2. The right to inherit $2,000,000 14 years from now. $Answer 3. The right to receive $5,000 at the end of each of the next six years. $Answer 4. The obligation to pay $7,000 at the end of each of the next 10 years. $Answer 5. The right to receive $9,000 at the end of the 7th, 8th, 9th, and 10th years from today. $Answer
Assuming that money is worth 10%, compute the present value of Round answers to the nearest whole number. 1. $11,000 received 15 years from today. $Answer 2. The right to inherit $2,000,000 14 years from now. $Answer 3. The right to receive $5,000 at the end of each of the next six years. $Answer 4. The obligation to pay $7,000 at the end of each of the next 10 years. $Answer 5. The right to receive $9,000 at the end of the 7th, 8th, 9th, and 10th years from today. $Answer
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 11E
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Question
Present Value Computations
Assuming that money is worth 10%, compute the present value of
Round answers to the nearest whole number.
1. $11,000 received 15 years from today.
$Answer
2. The right to inherit $2,000,000 14 years from now.
$Answer
3. The right to receive $5,000 at the end of each of the next six years.
$Answer
4. The obligation to pay $7,000 at the end of each of the next 10 years.
$Answer
5. The right to receive $9,000 at the end of the 7th, 8th, 9th, and 10th years from today.
$Answer
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