Problem 4-3 Calculating Present Values [LO 2] For each of the following, compute the present value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years Interest Rate 3% 12% 9 1 13 18 15 % 14 % Future Value $18,028 42,217 797,382 654,816
Problem 4-3 Calculating Present Values [LO 2] For each of the following, compute the present value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years Interest Rate 3% 12% 9 1 13 18 15 % 14 % Future Value $18,028 42,217 797,382 654,816
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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![Problem 4-3 Calculating Present Values [LO 2]
For each of the following, compute the present value:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Present
Value
Years Interest Rate
3%
12 %
15 %
14 %
9
1
13
18
Future
Value
$18,028
42,217
797,382
654,816](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4100da26-36bd-43a6-aafd-ee8e0ffe886a%2F9c83ea17-7c75-4dc5-a601-be007a5506d9%2Fz1mdphml_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 4-3 Calculating Present Values [LO 2]
For each of the following, compute the present value:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Present
Value
Years Interest Rate
3%
12 %
15 %
14 %
9
1
13
18
Future
Value
$18,028
42,217
797,382
654,816
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