MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 2 terms
MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 2 terms
13th Edition
ISBN: 9780357438909
Author: Garman; E. Thomas; Forgue; Raymond
Publisher: Cengage Learning US
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Chapter 1, Problem 5BYOPFM

Present Value of a Lump Sum. Complete Worksheet 4: Calculating the Present Value of a Lump Sum from “My Personal Financial Planner” for the following three questions:

  1. lump sum needed $10,000, 5 years, 6%;
  2. lump sum needed $250,000, 30 years, 8%;
  3. lump sum needed $30,000, 10 years, 7%.

Fill out the worksheet including the last two columns.

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