Compute the present value and future value

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Reference no: EM131870385

1. Compute the present value of an $1,600 payment made in 10 years when the discount rate is 12 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Present value $

2. Compute the value in 20 years of a $1,000 deposit earning 10 percent per year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value $

3. What is the future value of $600 deposited for one year earning an interest rate of 10 percent per year?

Future value $

Reference no: EM131870385

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