Present value computations

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Reference no: EM131910640

Present Value Computations

Assuming that money is worth 10%, compute the present value of

Round answers to the nearest whole number.

1. $11,000 received 15 years from today.

2. The right to inherit $2,000,000 14 years from now.

3. The right to receive $5,000 at the end of each of the next six years.

4. The obligation to pay $7,000 at the end of each of the next 10 years.

5. The right to receive $9,000 at the end of the 7th, 8th, 9th, and 10th years from today.

Reference no: EM131910640

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