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Compute the Present Value of the Following Single Amounts to Be

Question 74

Essay

Compute the present value of the following single amounts to be received at the end of the specified period at the given interest rate.
 Invested  Interest  Number of  Item  Amount  Rate  Periods  a. $40,0007%20 b. $20,0006%25 c. $50.00011%10\begin{array}{cccc}& \text { Invested } & \text { Interest } & \text { Number of } \\\text { Item } & \text { Amount } & \text { Rate } & \text { Periods }\\\text { a. } & \$ 40,000 & 7 \% & 20 \\\text { b. } & \$ 20,000 & 6 \% & 25 \\\text { c. } & \$ 50.000 & 11 \% & 10\end{array}

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