would you o the nearest whole dollar.) today . $12,000 in 6 years at 12 percent? Present value $1 6080 . $15,000 in 15 years at 8 percent? Present value $ 4729 . $5,000 each year for 10 years at 8 percent? Present value $ Use a to Ive at the

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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am. 201.

How much would you have to invest today to receive: (Use a Financial calculator to arrive at the answers. Round the final answers
to the nearest whole dollar.)
a. $12,000 in 6 years at 12 percent?
Present value
b. $15,000 in 15 years at 8 percent?
Present value
Present value
c. $5,000 each year for 10 years at 8 percent?
6080
Present value
d. $5,000 each year, at the beginning, for 10 years at 8 percent?
4729
Present value
e. $50,000 each year for 50 years at 7 percent?
Present value
f. $50,000 each year for 50 years, at the beginning, at 7 percent?
Transcribed Image Text:How much would you have to invest today to receive: (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a. $12,000 in 6 years at 12 percent? Present value b. $15,000 in 15 years at 8 percent? Present value Present value c. $5,000 each year for 10 years at 8 percent? 6080 Present value d. $5,000 each year, at the beginning, for 10 years at 8 percent? 4729 Present value e. $50,000 each year for 50 years at 7 percent? Present value f. $50,000 each year for 50 years, at the beginning, at 7 percent?
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