Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend’s trust fund payments. (Click here to see present value and future value tables) Amount of Yearly Receipt Rate Time Current Value $6,400 10% 6 years $fill in the blank 1 $12,000 12% 10 years $fill in the blank 2 $17,500 5% 14 years $fill in the blank 3 $22,000 15% 15 years $fill in the blank 4
Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend’s trust fund payments. (Click here to see present value and future value tables) Amount of Yearly Receipt Rate Time Current Value $6,400 10% 6 years $fill in the blank 1 $12,000 12% 10 years $fill in the blank 2 $17,500 5% 14 years $fill in the blank 3 $22,000 15% 15 years $fill in the blank 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend’s trust fund payments.
(Click here to see present value and future value tables)
| Amount of Yearly Receipt |
Rate |
Time |
Current Value |
| $6,400 | 10% | 6 years | $fill in the blank 1 |
| $12,000 | 12% | 10 years | $fill in the blank 2 |
| $17,500 | 5% | 14 years | $fill in the blank 3 |
| $22,000 | 15% | 15 years | $fill in the blank 4 |
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