Round answers to the nearest whole number. 1. $7,000 received 15 years from today. $ 2. The right to inherit $1,000,000 14 years from now. $ 3. The right to receive $1,000 at the end of each of the next six years. $ 4. The obligation to pay $3,000 at the end of each of the next 10 years. $ 5. The right to receive $5,000 at the end of the 7th, 8th, 9th, and 10th years from today.
Round answers to the nearest whole number. 1. $7,000 received 15 years from today. $ 2. The right to inherit $1,000,000 14 years from now. $ 3. The right to receive $1,000 at the end of each of the next six years. $ 4. The obligation to pay $3,000 at the end of each of the next 10 years. $ 5. The right to receive $5,000 at the end of the 7th, 8th, 9th, and 10th years from today.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 11E
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![Present Value Computations
Assuming that money is worth 8%, compute the present value of
Round answers to the nearest whole number.
1. $7,000 received 15 years from today.
$
2. The right to inherit $1,000,000 14 years from now.
$
3. The right to receive $1,000 at the end of each of the next six years.
$
4. The obligation to pay $3,000 at the end of each of the next 10 years.
$
5. The right to receive $5,000 at the end of the 7th, 8th, 9th, and 10th years from today.
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3537a5bf-9ba4-4d46-9d69-9809ffbc0823%2F7f88c128-5f4d-405c-92b1-880801a627c9%2Fetucufo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Present Value Computations
Assuming that money is worth 8%, compute the present value of
Round answers to the nearest whole number.
1. $7,000 received 15 years from today.
$
2. The right to inherit $1,000,000 14 years from now.
$
3. The right to receive $1,000 at the end of each of the next six years.
$
4. The obligation to pay $3,000 at the end of each of the next 10 years.
$
5. The right to receive $5,000 at the end of the 7th, 8th, 9th, and 10th years from today.
$
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