LO 10 Present value calculations Using a present value table, your calculator, or a computer...
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LO 10 Present value calculations Using a present value table, your calculator, or a computer program present value function, answer the following questions: Required: a. What is the present value of nine annual cash payments of $58,000, to be paid at the end of each year using an interest rate of 6%? b. What is the present value of $175,000 to be paid at the end of 20 years, using an interest rate of 18%? c. How much cash must be deposited in a savings account as a single amount in order to accumulate $1.600.000 at the end of 12 years, assuming that the account will earn 10% interest? d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $620,000 at the end of seven years, assuming that the account will earn 12% interest? Acum
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