Use the appropriate factors from Chapter 6, Table 6-4 (Present Value of $1)or Table 6-5 (Present Value of an Annuity of $1), to answer the following questions.
(a.)What is the present value of $90,000 to be received in six years using a discount rate of 12%?
(b.)How much should be invested today at a return on investment of 16% compounded annually to have $150,000 in eleven years?

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The Answer of Use the appropriate factors from Chapter 6, Table 6-4 (Present Value of $1)or Table 6-5 (Present Value of an Annuity of $1), to answer the following questions.
(a.)What is the present value of $90,000 to be received in six years using a discount rate of 12%?
(b.)How much should be invested today at a return on investment of 16% compounded annually to have $150,000 in eleven years?

Use the Appropriate Factors from Chapter 6, Table 6-4 (Present