Present Value Computations
Assuming that money is worth 10%, compute the present value of
Round answers to the nearest whole number.
1. $7,000 received 15 years from today.
$Answer
2. The right to inherit $1,000,000 14 years from now.
$Answer
3. The right to receive $1,000 at the end of each of the next
six years.
$Answer
4. The obligation to pay $3,000 at the end of each of the next
10 years.
$Answer
5. The right to receive $5,000...