Computing Future and Present ValuesWhen answering the following questions, round your answer to the nearest whole numberDo not use a negative sign with your answer. 1. What is the present value of $4,000 to be received after 5 years, discounted at 5%?Answer 2. What is the future value of $8,000 at the end of 4 years, compounded at 6%?Answer 3. What is the present value of equal payments of $14,400 due at the end of each of 8 periods, discounted at 5%?Answer 4. What is the future value of equal payments of $20,000 made at the beginning of each of 5 periods, compounded at 7%?Answer 5. What is the present value of equal payments of $16,000 made at the end of 8 periods, compounded at 6%? The payments are deferred for 3 years.

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Description: Computing Future and Present ValuesWhen answering the following questions, round your answer to the nearest whole numberDo not use a negative sign with your answer. 1. What is the present value of $4,000 to be received after 5 years, discounted at 5%

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Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...

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Computing Future and Present Values

When answering the following questions, round your answer to the nearest whole number
Do not use a negative sign with your answer.

	1. What is the present value of $4,000 to be received after 5 years, discounted at 5%?	Answer
	2. What is the future value of $8,000 at the end of 4 years, compounded at 6%?	Answer
	3. What is the present value of equal payments of $14,400 due at the end of each of 8 periods, discounted at 5%?	Answer
	4. What is the future value of equal payments of $20,000 made at the beginning of each of 5 periods, compounded at 7%?	Answer
	5. What is the present value of equal payments of $16,000 made at the end of 8 periods, compounded at 6%? The payments are deferred for 3 years.

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