Question -
Bella requires $232000 in four years to purchase a new home. What amount must be invested today in an investment that earns 5% interest, compounded annually?
Swifty Corporation will receive $21500 today (January 1, 2017), and also on each January 1st for the next five years (2018 - 2022). What is the present value of the six $21500 receipts, assuming a 10% interest rate?
Vaughn Manufacturing will receive $1480000 in 6 years. If the appropriate interest rate is 8%, the present value of the $1480000 receipt is?