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Present Value Computations
Assuming that money is worth 10%, compute the present value of:
Note: Round answers to the nearest whole number, if applicable.
1. $13,000 received 15 years from today.
$Answer
2. The right to inherit $3,750,000 14 years from now.
$Answer
3. The right to receive $9,000 at the end of each of the next six years.
$Answer
4. The obligation to pay $8,000 at the end of each of the next 10 years.
$Answer
5. The right to receive $17,000 at the end of the 7th, 8th, 9th, and 10th years from today.
$Answer
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