Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000 at the end of each year from today. What is the present value of these future payments at an interest rate of 9% compounded annually? Round answer to the nearest dollar. show in excel if possible
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Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000 at the end of each year from today.
What is the present value of these future payments at an interest rate of 9% compounded annually?
Round answer to the nearest dollar.
show in excel if possible
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- Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000 at the end of each year from today. What is the present value of these future payments at an interest rate of 9% compounded annually? Round answer to the nearest dollar.Mick Mitchell wishes to have $120,000 in seven years. If he can earn annual interest of 12%, how much must he invest today? Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of S1 table.) (Click the icon to view Present Value of S1 table.) (Click the icon to view Future Value of S1 table.) OA. $265,320 В. $1,210 OC $54,240 OD. S111,960Paul Havlik promised his grandson Jamie that he would give him $7,300 5 years from today for graduating from high school. Assume money is worth 10% interest compounded semiannually. What is the present value of this $7,300? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value
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