What is the present worth of these futurepayments? (a) $25,500 eight years from now at 12% com-pounded annually. (b) $58,000 twelve years from now at 4% com-pounded annually. (c) $25,000 nine years from now at 6% compoundedannually.(d) $35,000 four years from now at 9% compoundedannually.
What is the present worth of these futurepayments? (a) $25,500 eight years from now at 12% com-pounded annually. (b) $58,000 twelve years from now at 4% com-pounded annually. (c) $25,000 nine years from now at 6% compoundedannually.(d) $35,000 four years from now at 9% compoundedannually.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
What is the present worth of these future
payments?
(a) $25,500 eight years from now at 12% com-
pounded annually.
(b) $58,000 twelve years from now at 4% com-
pounded annually.
(c) $25,000 nine years from now at 6% compounded
annually.
(d) $35,000 four years from now at 9% compounded
annually.
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