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For each of the following, compute the present value: (Your answers should be positive values.) Present value Years 17 9 23 35 Interest rate 9% $ 7% $ 13% $ 21% $ Future value 16,832 48,318 886,073 550,164

For each of the following, compute the present value: (Your answers should be positive values.) Present value Years 17 9 23 35 Interest rate 9% $ 7% $ 13% $ 21% $ Future value 16,832 48,318 886,073 550,164

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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**Instructions for Computing Present Value** For each of the following scenarios, compute the present value. Remember, your answers should be positive values. | Present Value | Years | Interest Rate | Future Value | |---------------|-------|---------------|--------------| | - | 17 | 9% | $16,832 | | - | 9 | 7% | $48,318 | | - | 23 | 13% | $886,073 | | - | 35 | 21% | $550,164 | **Note for Students:** The scratchpad area is provided for you to perform any additional calculations or notes needed to solve this question. While nothing written in the scratchpad area will be graded, it will be submitted along with your assignment.
Transcribed Image Text:**Instructions for Computing Present Value** For each of the following scenarios, compute the present value. Remember, your answers should be positive values. | Present Value | Years | Interest Rate | Future Value | |---------------|-------|---------------|--------------| | - | 17 | 9% | $16,832 | | - | 9 | 7% | $48,318 | | - | 23 | 13% | $886,073 | | - | 35 | 21% | $550,164 | **Note for Students:** The scratchpad area is provided for you to perform any additional calculations or notes needed to solve this question. While nothing written in the scratchpad area will be graded, it will be submitted along with your assignment.
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