(a) What is the present value of $31,000 due 12 periods from now, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $31,000 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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(a) What is the present value of $31,000 due 12 periods from now, discounted at 12%? (Round answer to 2 decimal places, e.g.
25.25.)
Present value
$
(b) What is the present value of $31,000 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2
decimal places, e.g. 25.25.)
Present value
$
Transcribed Image Text:(a) What is the present value of $31,000 due 12 periods from now, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $31,000 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $
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