# Practice with Tables Refer to the appropriate tables on pages 783-786. Required: Note : Round answers to two decimal places. Determine the: a. present value of \$1,200 to be received in 7 years, assuming that the interest (discount) rate is 8% per year. b. present value of an annuity of seven cash flows of \$1,200 each (one at the end of each of the next 7 years) for which the interest (discount) rate is 8% per year. c. future value of a single cash flow of \$1,200 that earns 8% per year for 7 years. d. future value of an annuity of seven cash flows of \$1,200 each (one at the end of each of the next 7 years), assuming that the interest rate is 8% per year.

### Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

### Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

#### Solutions

Chapter A3, Problem 12E
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