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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 6 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
b. $18,100 in 3 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
c. $27,800 in 9 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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