For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) [From instructor: After watching the hint video, please also scroll down to read the alternative methods as well. Thank you!] Present Value Years Interest Rate Future Value 13 7 % $ 16,051 4 13 % 57,557 29 14 % 892,073 40 9% 556,164

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
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For each of the following, compute the present value: (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g., 32.16.)
[From instructor: After watching the hint video, please also scroll down to read the alternative methods as well. Thank you!]
Present Value
Years
Interest Rate
Future Value
13
7 %
$
16,051
4
13 %
57,557
29
14 %
892,073
40
9%
556,164
Transcribed Image Text:For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) [From instructor: After watching the hint video, please also scroll down to read the alternative methods as well. Thank you!] Present Value Years Interest Rate Future Value 13 7 % $ 16,051 4 13 % 57,557 29 14 % 892,073 40 9% 556,164
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