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What is the present value

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Reference no: EM132420709

Problem: What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,100 in 14 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

b. $16,800 in 9 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

c. $26,500 in 20 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM132420709

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